Legalized Pot in California: No Gold Rush, No Cash Cow

There’s no way I will associate myself as a parent first, and as a public servant second, with something that is loosely drafted, that is looking to capitalize on the next California Gold Rush.
Lt. Gov Gavin Newsom

Our Blue Ribbon Commission on Marijuana Policy released our final report today (link here). The report is not an argument for or against legalization but a discussion of what the policy consideration should be if in fact California’s voters choose to legalize recreational marijuana. Gavin’s quote hits one of the key themes of the report, which is that protection of public health is more important than money generation (whether that money is corporate profits or state tax revenues). In America, public health only has a shot against big money if regulations are strong and the oversight process allows public input rather than being a cat’s paw of industry (As Oregon unfortunately has and Ohio might also adopt).

Relatedly, we advocate ongoing policy flexibility rather than a ballot initiative that sets everything in stone up front. The experience of other legalizing states shows that some anticipated problems don’t in fact occur whereas other things go unexpectedly pear-shaped. Because none of us can see the future with complete accuracy, any marijuana regulatory process will have to be dynamic and evolutionary in response.

[Cross-posted at The Reality-Based Community]

Keith Humphreys

Keith Humphreys is a professor of psychiatry at Stanford University. He served as a senior policy advisor at the White House Office of National Drug Control Policy from 2009 to 2010.