If D.C. residents vote to legalize marijuana possession next week, it wouldn’t just mean a sea change in drug policy in the nation’s capital. It could also mean big business. A study by District financial officials shared with lawmakers estimates a legal D.C. cannabis market worth $130 million a year. The ballot initiative voters will see Tuesday does not allow for the legal sale of marijuana — only the possession and home cultivation of small amounts — but D.C. Council members gathered Thursday to hear testimony about what a legal sales regime might look like.
Retail marijuana sales for adults are now legal (at least at the state level) in Colorado and Washington. Next month, voters in Alaska and Oregon may decide to follow suit. It is nearly certain that marijuana legalization will make it onto the California ballot in 2016, during a presidential election season that will generate enormous interest among young voters. Robert MacCoun looks at options for designing a marijuana proposal.