MikeDamone
Active poster
Demand curves for drugs aren't super elastic. People who want drugs will get drugs and pay premium prices for them if they have to and will pay bargain prices if they can. I know that the external costs of smoking have been researched and litigated ad nauseum and those costs are quite high. Likewise, alcohol is either the cause of or a contributor to thousands of deaths and injuries each year, to say nothing of alcohol-related injuries.
Of all consumer drugs, pot probably has the lowest amount of negative externalities, but prices have been artificially high for about a hundred years. Only WA's fucking stupid implementation of legalization could have fucked that up, and apparently has.
As an outsider looking in, I think it is hilarious that WA looked at its liquor-control scheme and thought that it works great and should be replicated for pot.
http://lcb.wa.gov/publications/Marijuana/I-502/I-502_Draft_Rule_Summary_IIIX_02-27-14.pdf
LOL
I'm interested in the external costs of smoking and drinking. Can you provide some details?
No.
That's what I thought.