what would be the price of crack if it was legal to manufacture and sell it?
95% of the price of alcohol and tobacco are, IMO, directly or indirectly bc of regulation.
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the same forces are likely to affect legal dope, in the same ways, for the same reasons also, while I'm not an expert, my guess is that that percentage gets much smaller as you move up the price-discrimination tiers (which will also exist for legal dope)
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