Mark Kleiman notes that in New York City cocaine dealing has been driven indoors by the felony status of dealing the stuff. Meanwhile, dealing in pot and untaxed cigarettes is a midemeanor and the dealers aren't afraid of the cops. The result, Mr. Kleiman reports, is that violence around cocaine dealing is substantially decreased while violence around pot and untaxed cigarette sales is substantial.
Kleiman says that a nasty, illicit market is facilitated by a high tax, then says the right policy response to the problem is not obvious.
The right policy response is completely obvious: legalize the stuff and subject it to reasonable taxation, not sin taxation the way cigarettes are being taxed more and more.
How much more obvious can it be? Drug prohibition and the War on Some Drugs produce only ill effects.