I Am Not Stoned: Sobering Realities For Taxpayers On The Road To Legalizing Marijuana

"[R]epeal of the pot bans [in Colorado and Washington] will —unless the federal government interferes—yield some significant benefits. ... First, crime in Colorado and Washington will fall. Violence between drug dealers will fall—as will the marijuana revenues collected by violent gangs. Second, the demand for hard drugs like crack cocaine and crystal meth will fall. That's because in the long run some drug users will consume less of these hard drugs and more marijuana, as the supply of pot increases and its price falls. (Consumption will not increase enough to push prices up.) . . . .