• Dr. Jitendra Kumar Singh

This remark assesses regulatory systems for legalized marijuana production, sale and consumption. We argue in particular that the main objective of legalizing should be to end the illegal trade in marijuana, and that the best way to accomplishing this is to maximize market involvement through open markets and home production. This argument is based on the idea that the regulatory model based on a closely regulated government market would fail because the fatal faults of the prohibition model will be replicated. These commentaries on the reasons for the failure of prohibition, the government's inability to regulate the production of marijuana; totally undermines the fundamental assumption, depending on the government's capacity to control production, of a tightly controlled market. An efficient regulatory framework which recognizes and exploits competitive market dynamics will better serve the public interest. This study suggests that the removal of an overcapitalized illegal market necessitates the reduction of adolescent marijuana availability. It further argues that this purpose and tax maximizing income from the legal market in marijuana are mutually incompatible goals.

Cannabis, Drug, Federal Prohibition, Legalization, Marijuana.

"The Transparent Market as an Alternative to Marijuana Regulation", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 12, page no.1053-1057, December-2018, Available :http://www.jetir.org/papers/JETIRFH06178.pdf

"The Transparent Market as an Alternative to Marijuana Regulation", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp1053-1057, December-2018, Available at : http://www.jetir.org/papers/JETIRFH06178.pdf