Annual marijuana license auctions, mentioned here recently, are a dream in Theoryland, I’m afraid. (At least they would tilt toward sun-grown – no one would build an indoor grow with a one-year license.) A more realistic way to time-limit economic power – sunsetted quotas – is on the table in New Zealand now.
Is Canada stopping oligopoly, or sharing the wealth? Uruguay?
Revenue options seem a side-show to the real business of allocating licenses. And worrying about their transferability. I’m afraid of a cannabis version of Carlos Slim. (And government monopoly – is PEMEX a success story?)
Annual license auctions are a dream in Theoryland, I’m afraid. (At least they would tilt toward sun-grown – no one would build an indoor grow with a one-year license.)
But sunsetted quotas are on the table in New Zealand now. Licenses next?
MUCD panel today heard me rant against preferential licenses.
The Center for New Revenue 