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Its a good thing to think about in the context of Bitcoin and "regulatory clarity".
Government approval is a double edged sword.
I always loved the way Ron Paul would put it. What business is it of the government what I put into my own body? A very conservative Christian man that probably never used pot in his life.
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On pot legalization, the most interesting state was Alaska, because it was already fully decriminalized there. When the state legalized it, there were a bunch of new taxes and regulations, but not much expansion of freedom.