Have anything to do with the fact alcohol is regulated and taxed and marijuana is not? Serious question.
Marijuana is not taxed or regulated because it is illegal, not the other way around. I live in a state where it is legal, and it is taxed so highly the legal distributors are having problems competing with the illegal ones who don’t charge tax. As for regulations, I read the text of Prop 64. It was longer than all the other propositions combined.
Marijuana is indeed taxed (Marijuana Tax Act of 1937), but the federal government does not issue the tax stamps to anyone, so nobody can legally sell it and collect the tax for the government.