legalizing
Legalizing refers to removing legal prohibitions on an activity or substance and establishing a framework to govern its production, possession, sale, and use. Legalization typically involves licensing, regulatory oversight, age and safety standards, taxation, and enforcement designed to deter illicit activity while integrating the activity into the formal economy or civil order. It is distinct from decriminalization, which reduces penalties without creating a regulated market, and from prohibition.
Common domains include controlled substances (notably cannabis) in jurisdictions that have adopted regulated markets, gambling, prostitution
Legislation can affect public revenue, safety, and health by shifting operations from illegal markets to regulated
Scholars and policymakers assess legalization by comparing outcomes across jurisdictions, focusing on regulatory design, enforcement, economic