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Legalising drugs prudently: the importance of incentives and values

Caulkins, Jonathan (2019) Legalising drugs prudently: the importance of incentives and values. Journal of Illicit Economies and Development, 1 (3). 279 - 287. ISSN 2516-7227

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Identification Number: 10.31389/jied.44


Various jurisdictions are legalising not just cannabis possession and use, but also large-scale commercial production, distribution and sale. Potential problems with that form of legalization raise questions about how best to implement a legalisation. This paper analyses the interests of the suppliers and regulators to help lawmakers and voters decide what over-arching architecture for legalisation might be prudent. In particular, it suggests banning for-profit companies and/or vesting regulatory authority in an agency that views its mission as protecting heavy users from suppliers’ excesses, rather than serving the interests of the cannabis industry.

Item Type: Article
Official URL:
Additional Information: © 2019 The Author
Divisions: LSE
Subjects: K Law > K Law (General)
H Social Sciences > HF Commerce
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
Date Deposited: 20 Dec 2019 11:21
Last Modified: 12 Jun 2022 18:03

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