The biggest disadvantage for states is that marijuana is still illegal on the federal level, which discourages investors. 1 Companies can't take advantage of initial public offerings to get more cash to grow and they can't nationalize, thereby benefiting from economies of scale.
Advocates of drug legalization believe that making high-quality drugs cheaply and widely available will eliminate the illegal drug market, regulate quality and price, and decrease law enforcement costs including arrest and incarceration.
Studies from the National Institute on Drug Abuse have found that marijuana negatively impacts driving performance, and other researchers have found that acute use of the drug increases the risk of crashes and fatal collisions.
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