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[?].”  http://www.telegraph.co.uk/news/worldnews/southamerica/uruguay/9346047/Uruguay-government-announces-plan-to-sell-marijuana.html

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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Author: patoglesby

From 1982 to 1990, I worked in tax policy for Committees of the United States Congress. In recent years, I was Adjunct Lecturer at UNC-Chapel Hill's Business School and then Adjunct Professor at its Law School.

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