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Tuesday, November 27, 2012

Interest group politics and pot

It is always interesting to see how interest groups are lobbying.  It turns out that medical marijuana vendors are lobbying against pot legalization because they prefer to have a special license to sell the stuff and full legalization would result in more competition and lower prices for medical marijuana. The beer lobby is also worried that marijuana will be a substitute and not a compliment for beer.  There is academic research that has demonstrated this.
And casino operators have joined the anti-gambling movement to help fund the political battle against a new casino in Maryland because it would increase competition and lower prices. 
Hat tip Yglesias

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