Big Marijuana after legalization is scary. But not as scary as continuing prohibition.

What will come after marijuana legalization? Increasingly, drug policy experts and skeptics of legalization worry that it will be a giant industry — one rife with the greed and excesses that led companies to market deadly products like tobacco that cause hundreds of thousands of deaths each year. And while marijuana is not deadly, experts are concerned that overpromoting and overmarketing pot's use could lead to more dependence on the drug.

But as worrisome as the prospects of Big Marijuana may be, the effects of not legalizing — and keeping marijuana an illegal drug that only criminals profit from — are much worse. America's prohibitionist regime has not only led to hundreds of thousands of unproductive arrests, it's also fed a black market for illegal drugs that empowers drug cartels to commit violent acts across the world. Those tangible harms seem much worse to me than the abstract, unclear risks...

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