Economists say billions at stake in marijuana fight

Posted by Bryce Crawford on Tue, Apr 17, 2012 at 4:19 PM

More than 300 economists, including a few heavy hitters, have signed a petition endorsing a study by Harvard University researcher Jeffrey Miron that shows the federal government could gain almost $14 billion through stopping the enforcement of marijuana prohibition, and legalizing and taxing it instead.

Here's the Huffington Post:

Economist Stephen Easton wrote in Businessweek that the financial benefits of pot legalization may be even bigger than Miron's findings estimate. Based on the amount of money he thinks it would take to produce and market legal marijuana, combined with an estimate of marijuana consumers, Eatson guesses that legalizing the drug could bring in $45 to $100 billion per year. Easton’s name doesn't appear on the petition.

Some argue that the economic argument for pot legalization is already proven by the benefits states and cities have reaped from making medical marijuana legal. Advocates for Colorado's medical marijuana industry argue that legalization has helped to jumpstart a stalled economy in cities like Boulder and Denver, according to

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Marijuana is the safest drug with actual benefits for the user as opposed to alcohol which is dangerous, causes addiction, birth defects, and affects literally every organ in the body. Groups are organizing all over the country to speak their minds on reforming pot laws. I drew up a very cool poster featuring Uncle Willie Nelson and The Teapot Party for the cause which you can check out on my artist’s blog at… Drop in and let me know what you think!

Posted by Brandt Hardin on 04/18/2012 at 12:53 PM
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