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In this research and analysis assignment (paper), you will use various microeconomic theories to analyze the effect of government regulations in a new market.
In 2012, both Colorado and Washington citizens passed ballot measures allowing the production, sale and use of marijuana for recreational purposes. In both cases, the ballot measure authorized the legislatures to develop regulatory regimes, and to impose taxes to pay for the regulation. (Note: in Colorado, those taxes had to be approved by a vote of the people, and they were, in 2013.)
Use the microeconomic theory we have been studying to analyze the legal and illegal markets for marijuana in Colorado or Washington, specifically with regard to the following issues:
Your paper should be three to four pages, and should include references and citations formatted according to APA style..
Grade Criteria A to A- 90 – 100%
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