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Decriminalizing it sounds fine to me, but how are you going to tax a product that probably couldn't meet any kind of FDA safety standards for use or sale?
It may not be worse than cigarette smoking, but I actually have a hard time imagining that cigarettes would be approved for sale if they were an entirely new product, which I kind of think marijuana would have to be evaluated as.
I've got no philosophical or moral concerns about legalization or taxation, just practical ones.
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