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I was talking to some other people the day about HBO's new series Boardwalk Empire, which is about the Prohibition era. People wanted alcohol and as always, organized criminals provided it for them. Along with it came violence and corruption. The mobs lost signifcant profit, influence, and all but went out of business for while after Prohibition was repealed.
It will be the same way with pot. No, drug cartels won't be ENTIRELY put out of business by legalization, but they'll take pretty big hits (not in that way). Unfortunately, most legislators don't get that and prefer the backward, draconian "One Nation under GOD" way of doing things, but like a certain line in a once decent space opera series said, "The more you tighten your grip, the more [we'll] slip through your fingers".
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