Fresh signs we’re about to make a big mistake legalizing marijuana

To the long list of improbable things only government could do, there is one more item to add: Lose money selling drugs.

You may remember the scene in The Godfather in which a summit of mafia dons debates the infamia of selling drugs. Their concern was the evident immorality of exploiting addiction, not a lack of profit: “If you put up three-, four-thousand-dollar investment,” the Detroit don says, “we can make fifty thousand distributing.” In the end, they resolved their morality-profitability dilemma by agreeing not to deal drugs near schools or to children.

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