Prohibition Update

Two new pieces of legislation were filed yesterday that seek to bring federal enforcement in line with public opinion on marijuana policy. Erik Altieri details the proposals. Meanwhile, legislators in Washington state are considering expunging past possession offenses “up to 40 grams”. That liberates a whole group of people to get a job again, or a mortgage or a college loan. Removing these impediments could help integrate these people back into the economy, with some impact on employment and growth.