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In response to "if it happens, I imagine the tax would be similar (as a proportion of the whole) to tobacco, which is ~40% in the US. so if anything, that's low." by mafic

It would be counterproductive to tax pot that high, since people have become ersatz experts at growing their own.

It's not that hard to do, and you would end up with the same problem you're trying to solve.

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