Three Economic Models for Legalization (MJI News)
By ANNE WALLACE | January 15, 2015
The nation of Uruguay legalized marijuana around the same time that Colorado and Washington State did, but the picture there is much different. The laws call for a state-run marketplace, and Uruguay’s government has set the price at about $1 per gram.
This is socialized cannabis, and it is widely understood as a move to eviscerate the cartels. Is there something here for investors in the United States?