The Colorado state legislature adjourned for the year earlier in the week after passing a series of bills setting regulations for the legal sale of marijuana within the state. It was a pretty amazing moment, really. And even in a...

By Seth Masket

Washington State and Colorado legalized the recreational use of marijuana during Tuesday’s election. There are still many legal issues to be sorted out but it pays to ponder what will happen if legalization indeed takes effect. Alex Tabarrok may be right...

By Erik Voeten