CALIFORNIA: Mark Kleiman is out this week with the single most comprehensive look at the trend toward legalizing pot you’re likely to find. He doesn’t spend much space on the pros and cons of legalization–almost anyone can tick those off on the fingers of both hands–but on the right way to do it, and the wrong way.
Short version: Colorado and Washington are doing it the wrong way, and the federal government’s hands-off approach isn’t making things any better.
Kleiman’s grasp of the topic isn’t surprising. A professor of public policy at UCLA, he’s been a recognized expert on drug policy for years. (He’s also one of the few people we know who effectively shorted the housing bubble, selling his four-bedroom house on tony Mulholland Drive for a handsome profit in 2005 and sitting out the rest of the housing boom–and bust.)