Revenue from marijuana — Uruguay

The ruling party in Uruguay seems likely to act, according to press reports:  “If approved, Uruguay’s national government would be the first in the world to directly sell marijuana to its citizens. Some local governments do so[?].”

A monopoly provides the advantage (over taxes) of instantaneous price adjustments that can accelerate the death of the black market.  I figured the first country to get into the business would be a tiny island country whose tax haven business the developed countries had shut down, but who knows?


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