IB ECONOMICS: Regulating cannabis
Is legalisation better than prohibition?
How should the use of cannabis be regulated and taxed?
Bureaucratic arguments force policy makers to prioritise which of legislation’s competing aims they value most
Studying for IB Economics?
Follow this link to the podcast which considers the effectiveness of measures such as fiscal policies to regulate the consumption of cannabis.
The Economist: Editor’s Picks, 12th February 2016
Consider the following questions as you listen
- Is cannabis a de-merit good?
- Is taxation an effective way to regulate the consumption of cannabis?
- In what other ways can government influence its use?
- Why would different countries consider different rates of tax on cannabis?