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Thank you for visiting In 2012 Colorado and Washington became the first states to legalize marijuana for recreational use They have since been joined by Oregon Alaska and Washington. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!

In 2012, Colorado and Washington became the first states to legalize marijuana for recreational use. They have since been joined by Oregon, Alaska, and Washington, D.C. In 2014, Colorado reported receiving over $50 million in tax revenue from the sale of recreational marijuana, much of which was designated for school construction. The potential for increased tax revenues and the benefits these revenues can provide has led a number of other states to contemplate the possible legalization of recreational-use marijuana.

Recall that efficiency means producing what people want at the least cost.

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Answer:

  • Each state must allow the market to make available whatever individuals want. Because it is not mandatory to smoke only those that want to join will do so.
  • Tax revenue deriving from the purchase of recreational marijuana shall be paid on a voluntary basis and used for the benefit of the public.

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