320: The Coming Drug Peace

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KMO welcomes journalist and author Doug Fine back to the C-Realm to talk about his new book, Too High to Fail: Cannabis and the New Green Economic Revolution.  Doug spent a year talking with cannabis farmers, local citizens, and  law enforcement in Mendocino County, California, where medical growers  who want to comply with that state’s medical marijuana law can obtain  permission from the Sheriff’s Department to grow up to 99 cannabis  plants without fear of arrest or harassment by local law enforcement.  The program has been enormously successful, and Doug describes it as a  glimpse at the coming Drug Peace and a preview of how cannabis can move  from the underground into the legitimate economy. Doug thinks that the  market for cannabis as a psychoactive agent may end up a niche market  compared to the potential of hemp for use as a biofuel feedstock. Still,  the economic implications of removing the artificial price support for  marijuana that prohibition provides are complex, and KMO and Doug try to  tease them out for clear-headed analysis.

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