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Based on the thread I did about this same topic, the big debate was NOT whether it will have an economic impact but to WHAT DEGREE. Some argue that legalization will just divert economic activity from law enforcement to other areas. Others also point out the tax revenues might not be enough.
However, there's also multiplier factors that need to be looked at. Also, the saved money from enforcement/corruption can be diverted to more economically productive ventures.
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