“The marijuana genie is likely ‘out of the bottle.’ Powerful players will certainly use the tools of mercantilism to create regulations that benefit their business models – and in a sense the industry will evolve along predictable lines, with smaller players being bought out by larger interests. But we would be surprised if it stops there. Opportunities not yet available may soon become available to entrepreneurs who wish to take advantage of them. The end of marijuana prohibitions may also serve to ignite a larger scrutiny of how public and private sectors interact on a variety of fronts. What the power elite has seemingly set in motion may be more difficult to control than intended.”
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