I wrote it and i will be happy to field your questions. It is great to have something to refer to give in the corporate takeover and id like to begin with we did not have so much time and that you try to control the people who are supplying the commodity of the supply and demand. And we dont spend enough time on these resources on the demandside strategy. I am actually hoping young people make healthy choices and we are talking about minimizing the harms of marijuana and what we need it to be about with this initiation. Because that is what we need to do. If we can protect children and help them make smarter decisions, we want to do that. That is a major battle. Once children get to be 21, 25 years old, preferably in age, the risks are diminished demonstrably. So in this powerpoint, most of us would agree, we do have some questions. First, what are the egg increases in heavy use. We have to consider the factors. Alcohol use has actually fallen since 1970. And its then that in the absence of any significant controls on alcohol advertising. And so the use has been cut in half in Washington State and cut in half since we finally started investing in the demandside strategies and essentially providing strategies that work. Will be talking about what about what a father of two what do. We met with experts of prevention, treatment, Law Enforcement, the university of Washington Research group is very wellrecognized that actually studies what works with prevention. And what they will tell you is that what we know about the programs now compared to 30 years ago is significantly different. And so it actually does work. Because just the same node does not work. What actually works is how we are talking about increasing investments for children. That is not necessarily just giving them information. It can be the opposite of that. And what we do need is to get an effective prevention strategy funded. We dont fund them consistently. And that is what the initiative guys. And we have spent 80 doing that and we had conducted costbenefit analogies in 2015, 2017, 2022, 2032. And it leads to a Public Health model and that is what is missing from a lot of different policies is regular evaluation and giving policymakers the data that they need. So what this prevention does and we should be very worried so state legislation and we have supported it in this way and the excessive tax for marijuana was an ordinate sometimes. Im not terribly confident that congress is the right body to help us shape marijuana policy. I dont think we are ready to establish a National Policy and im not terribly confident that the National Policy would be that beneficial for and 70 of this went to prevention and treatment i think that makes sense to let the states move forward and develop policies that work as to how we make better explosives rather than focusing on marijuana. And lastly i would like to lead to is lets think about not making this an anomaly. Were talking about this and trying to influence that and im not going to stop buying alcohol, so youre not helping me with a conscious choice. What if you actually told me . Did you know that budweiser and it is actually singling out the bad aspect of x, y, z. We are talking about reputation of cost that are significant. And we have to deny that certain part of the product. And even this is so restrictive they want to do better in their communities. So lets give them the option to do that so you will be doing better one person is selling gummy bears across the street from the school. And this includes conscious capitalism. And i am probably going to have a different opinion of what we are going to do. And i need to agree with this if we clearly understand what is happening with tobacco and alcohol. The National Survey on drug use said that five out of 10 are under age 18. An eight out of 10 are under age 21 and what this is showing you it is Illegal Drugs used over the lifespan. So the bars on the left are 12 year old and the bars on the right are 65 years old plus. So in order to show you what happens with legal drugs for the money that they have to increase consumption so we can see what is happening when we have legal drugs and legal addictive drugs that have money to market to increase consumption. And the bars on the right are 65 plus. The blue bars are tobacco and the green bars are now red. And here are the blue bars in the red bars. Unlikely as we become addicted, we need help. The Tobacco Industry had been sued by the state and the state can realize that they were putting out more money to treat tobacco related diseases through the Medicaid Programs than they were able to bring in taxes. As a consequence they sued the industry offering just how much the Tobacco Industry is part of treating addicted children. You can find hundreds of these examples in the Legacy Foundation database. The group said that if youre really selling this, youre going to be out of business in 30 years. We want to make sure that customers cannot afford our products, so they are talking about children. This includes product not regulated by the fda to attract children. This is one of many examples. Were talking about apple and eccentric or the apple industry does the same thing. Again because the industry is coming after them and this entices children to engage in that behavior. Lay commercial industry do the same thing . Well, maybe not. This is one of the products that is in fruit flavored drinks, sparkling red currant, sparkling blueberry. And we are talking about other medical marijuana states as we go through the rest of the slides. This includes what they sell and other miracle one and so this includes how we get addictive, klondike ice cream bars, other sweets. So we are talking about replacing incarceration with assessment and treatment and social services to help the people become unedited and its the best way of holding down the number of kids who engage in marijuana use. In colorado will not begin testing marijuana for contaminants until later this year and finding such things as molds and mildew and pesticides and other contaminants. Many of these kinds of products are being infused into foods and they have no control over whether this is good for you or not. And we believe that many believe that we should not do that because we cannot think of a single thing particularly among children. However if congress were to go there, based on david kesslers model for the Tobacco Industry. He said after eight years we are trying to control and let my understanding of the industrys power forced me to see those that prohibit the companies from the sale of an addictive drug. And he was trying to bring it to an end. He applied his model to marijuana, we can prevent another one from starting. Then it would charter a tightly regulated Nonprofit Corporation in my state indoor time sorry to tell you we have just passed the most extreme gunfights domination and was lobbied for by the association and a nonprofit organization. And this is governed by a Public Health board and the Public Health mission. This includes medical research and treatment and the valuation measure what is actually happening. In marijuana will be tested for the standards and would standardize these levels. And we would ban all forms of marijuana at a bulls and other things such as soft drinks and oils and waxes which are now testing out at 75 thc and higher display only a brand name, control distribution to prevent sales to children in less than and i think it includes an exit strategy to repeal the if the problems become a bit smaller. And i guess i have one more slide. Allowing the appropriate takeover in unnecessary increases in use. An Unnecessary School failures and gas for other related driving. And unnecessary rises in Mental Illnesses and Public Health and safety problems. [applause] thank you, everyone. It is great to be here. Im from the Brookings Institution and i hate to disagree with my good friend, but one thing, coming up with Public Policy and a whole lot of spheres. Although that has some disadvantages in terms of expertise so this is not one of the better managed. There are a lot of dogmatic certainties about what is going to happen. And the best ive heard from was my niece who said everybody, please calm down. And theres actually a lot of good news in the marijuana debate right now. And theres going to this pertain to the years of failure and thats a very good thing and give the thing to work with for a change almost anything you do is better than the present policy and this includes what accomplishments he has made and if you give me a week i might think of something. If you give me a week am i think of something good about what we have now in good news, number three. That implementation right on this is difficult. Its just difficult but the good news is getting the process right is very easy. What you need to do is try Different Things in different places and experiment with it and finally learn from those things that include policies. And that is part of what we are going to do with political event. And actually there are three models. And unfortunately in the United States because of federal law, that is part of the question right now. And the second one is legalization which colorado and Washington State are doing. These two things are not as different as you may have heard. They are not polar opposites. They are quite the same. Both involve very large predatory regimes on this market with criminal sanctions for people who break the rules. Too many of them dont go away and in some respects they become regularization in the distribution of marijuana and those are indeed the very different fast forwards. And im certainly concerned about you know the duel starlet is living about it if they mess it up. And thats really important to have in big corporations are part of this and we like theyre laundering operations and everything else. And i would also remind us that is pretty good at marketing to children and we know that. Not only does the illegal system marketed but uses children to market it as well. And here again there are some good news. And we are actually successful in this depends of how you count. One is industry selfregulation and the third is tobacco which is the most interesting and applicable thing. But the voluntary code of conduct. Including anyone who is too young to gamble. When you see tons of bad go out and gamble. Unless they are by the government. Alcohol is a huge market. Its just not going to happen. That is why the labels are so important. It is regulated with the Spirits Council and the wine institute. They have guidelines and 2008 the ftc did a report and found that more than 90 of these impressions were in fact leading to 70 standard imus is not a perfect world. So thats maybe not a terrible thing. And it comes out looking more like wine, for example unless like beer. And i think that is actually pretty good outcome and it is directly applicable to marijuana and cannabis honestly is a drug in 2009 is very recent history that we dont have to talk to much about it and this is something that tells us some of what this does. And that is a loophole. And there are nine warning messages that must be randomly displayed on packages and cover at least half of the packages for flavored cigarettes, no claims of reduced harm without fda approval and the samples are band without fda order. The colors are limited to black and white and ingredients must disclose and sometimes they say when you legalize marijuana theres no way you can stop these guys from advertising to stop area and until all of these models exist on one of them is clearly applicable and i think that we actually have some situations so we are going to work our best. [applause] id like to invite you up to sit with us. And wed like to have a little bit of a discussion of what we have heard. In recent surveys is here that i know i want to make sure that everyone can ask some questions of the staff. Every good here and if im going to move over. It is always a sign when we confront this and we have three of their agreements and the best way forward would be a government monopoly of the product. And i sense that that is something the three of you would agree with. And we live in a world where the public cant imagine doing anything right. Yet if i go to buy liquor in maryland or pennsylvania or utah or any number of states i have to go to an abc store in this includes the government store. Only in montgomery county. And this is something that we have had in america for around 70 or 80 Years Limited in the types of products that it sells. No fruit flavored drinks or waxes or hand lotions with a price that is set at least at the current price. And the government, as john pointed out, we do have a treaty obligation that is in the way of that. And it is something that we take that very seriously. But i dont see a downside of letting this be publicly operated. Party make that happen . In your piece of federal government should make that happen. So how do you . I dont want to disagree if we are on a triple track at the moment. Love it can be done as long as this is in the case. Because they cannot talk about this which they are. And once california legalizes it, which it almost certainly will, and we have a multibilliondollar commercial kind of industry, the prospect of rolling over that industry seems very slim. On the other hand if there is any state that wants to legalize , only if it has part of this. And thats not what i really want but better than what i got now and i thought that i could imagine people on this thing is not what we really want the better than what were going to get it really is just not a very good system. And so yes, actually, it is a felony to handle this but we probably will wont get to it if we do that. And this is not satisfactory. And if we are going to do it legally been weeding to do so the proper way. And at best its transitional and is not something that we should be out of the way. The Current Justice Department guidance is a crazy system. I think that we have overestimated the benefits of a government monopoly and i would talk about this with a government monopoly in it. And so if you have this theyre going to be marketing this product. That is my proposal. To get away from this everyone has to be a vendor to this day. And we can have an argument about First Amendment and it is an illegal product under federal law. There is some debate about whether or not its corollary freespeech constitutional protections and theres no First Amendment about that. Unlike the United States which have a government monopoly with the Scientific Research and it wont actually have an impact on this market. And i think that is true of the government being involved and you have to take into consideration whether or not it will be satisfied with this benefit will be in a separate building you have to travel to as you take away some of the ease and ability. All of those policy changes are available in the private market in exactly the ones is the day of the regulatory be in the policy considerations had to be a part of this. They had to have adequate availability to use the market do not make the market. So i just think that it will be something that we can achieve through writing a better lot. That we are not necessarily babysitting on that. Let me pick up on that and it is this sense that things are happening in a beneficial way as we do the statebystate approach. And i think most people that would agree that the way washington has regulated this marijuana market is as good as anyone has thought right now. And what assurance do we have that every state will be as responsible as washington. And there was a referendum on the ballot and it would be controlled by a group that will be selfcontrolled by marijuana producers. And it didnt pass having come relatively close. And what they did is build what they call regulatory capture directly into the regulatory part. But they didnt. If youre looking for assurances that states and legislators and the public will always be interested in, youre in the wrong city. It is not always how they work very it tries to and eventually count on the good sense of the public. I dont think that we actually know which will be part of this and what i really which would happen was that congress would pass a bill in the organization has maintained a position of being against legalization and it is a matter of you. Is it your sense that supporters of your position can . And also we have legalization it is a very tightly regulated system that is carefully regulated and that is where the public is we have some states going forward. And we have the press that has picked up on the situation. And im not sure theyre asking all the right questions so do you want to shop or your kids can go . So i think that the inevitability of it is not as strong as we might suspect. And so they have voted down the legalization after having approved the legalization bill earlier. And it may be more of a done deal. But im not so sure. Directors when i am sure a. And they are prepared to see if they will say no, we want to talk about what we will get. Natural legal prices candidacy they have in washington let alone what they have in colorado. But even 40 of nothing is nothing. And so i dont see anything that is going to keep us from getting the supercheap cannabis. Tobacco is also very cheap in many states are much lower and much too low. And your question is actually on advertising. 80 do not want to see an open Advertising Market even among those who are part of legalization. And for both of those we dont accept that legalization is going to be in a world where it is like a lego market. Someone between a third are smuggled. And the statebystate system and cannabis is much more able e to be smuggled in other and other things. A pack of cigarettes weighs about an ounce in your state has