One reader thought the wholesale dismissal of the prof's ideas was too sweeping.
Matthew Meyer writes:
I don't think the article did a good job of acknowledging the parts of Caulkins's theory that make sense, like the idea that more legal growers in Colorado may mean "diversion" (export) to other states when the CO market's needs are met. (Not to mention the price incentive to export.)
But the notion that there will be more consumption because there's more supply is daft. My guess is that the Mexican importers will take a hit, as will the Kentucky growers. More people will be consuming higher-quality cannabis, which sounds like a plus on balance.
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