The budgetary implications of marijuana prohibition in the U.S. are staggering!
More than 300 leading economists have signed a report that provides irrefutable reasoning to legalize marijuana.
This excerpted from the report "
"The report estimates that legalizing marijuana would save $7.7 billion per year in government expenditure on enforcement of prohibition. $5.3 billion of this savings would accrue to state and local governments, while $2.4 billion would accrue to the federal government.
The report also estimates that marijuana legalization would yield tax revenue of $2.4 billion annually if marijuana were taxed like all other goods and $6.2 billion annually if marijuana were taxed at rates comparable to those on alcohol and tobacco"
Read the full Budgetary Implications of Marijuana Prohibition in the United States report here: http://www.prohibitioncosts.org/mironreport/
And don't forget about the boost to KY's farming economy were we to be able to grow and market hemp products. And if farmers make more money, every citizen benefits!
Hard to believe it is 2012 and with all we know about pot and its medicinal benefits we still allow outdated and illogical policies and laws to continue draining dwindling public financial resources. Use that pot enforcement money to address real crimes and to work on true drug problems, like meth, alcohol and tobacco addictions.
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