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Current Events & Hot Topics Current Events & Hot Topics

Legalizing pot: Helping the Economy?

Posted by on Jun. 23, 2012 at 3:12 PM
  • 11 Replies

Would the legalization of marijuana help with fixing our economy?

I actually just wonder this sometimes:  With all the people who do smoke pot, legalizing it would bring in huge profits and create jobs.

Do you agree or disagree? Why or why not?
What are your opinions on the subject?


"The right to be heard does not include the right to be taken seriously."

by on Jun. 23, 2012 at 3:12 PM
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Replies (1-10):
MyJaidon
by on Jun. 23, 2012 at 3:38 PM
I believe it should be legalized. I'll be back to explain why.
lga1965
by on Jun. 23, 2012 at 3:39 PM
1 mom liked this

 I suppose if Pot was sold in stores,etc. LOL. But if people grow their own or buy from co-ops , it won't help the economy. Oh,well, maybe the increased consumpton of "munchies" would help?

;-)

survivorinohio
by René on Jun. 23, 2012 at 4:07 PM
1 mom liked this


Quoting lga1965:

 I suppose if Pot was sold in stores,etc. LOL. But if people grow their own or buy from co-ops , it won't help the economy. Oh,well, maybe the increased consumpton of "munchies" would help?

;-)

Many people today cannot be bothered to grow anything why would legalizing change that. It smells bad too theres another deterrent.  There would absolutely be a retail market like cigarettes. or beer.  Do people grow their own tobacco?  In most cases no.

How far you go in life depends on your being: tender with the young, compassionate with the aged, sympathetic with the striving and tolerant of both the weak and strong.  Because someday in life you would have been one or all of these.  GeorgeWashingtonCarver


collectivecow
by Gold Member on Jun. 23, 2012 at 5:20 PM

What? Am I the only person that's thinking about this? LOL

laura_sims
by on Jun. 23, 2012 at 5:21 PM

Yes it would. Colorado is proof of that. Since medical marijuana has been legal they were able to balance everything out using funds from medical marijuana 

NiCo86
by Member on Jun. 23, 2012 at 5:27 PM

I agree.

My husband has ONE HELL of a green thumb. If marijuana farms were legalized and regulated, he would EASILY be able to find a job growing marijuana for one of these farms (job creation). As well, it would aid in the regulation of marijuna (ensuring that marijuana upheld a certain percentage of THC dependent on the strain of marijuana, and would ensure that it was not being "laced" with other substances such as PCP, which is more common than you may think!). As well, a regulation would be to only allow marijuana to be sold through licensed establishments, making it easily sellable, traceable, and taxable (they put a 10% tax on tanning, why not a 10% tax on marijuana? An ounce goes for $320, could you imagine $32 per ounce sold in taxes? My DH and I go through an ounce a month. That would be $384 in taxes a year from my family alone!). As well, making marijuana a fineable offense, rather than a prisonable offense, would create additional revenue from those continuing to grow their own and sell marijuana outside of legal establishments.


The legalization of marijuana is a GREAT idea! (it has ONLY be abolished due to two things 1) the logging industry 2) and the fact that government can use such stupid BS as a blinder to the general public from more serious issues ... IMO)

STARRYVONN
by on Jun. 23, 2012 at 5:57 PM
It would help the economy. So many people smoke it for sooo many reasons. If its sold in a small pk like cigs and you're over 21. Then that's great. It would help the economy.
Friday
by HRH of MJ on Jun. 23, 2012 at 6:16 PM

Agree. Legalize, regulate and tax it.

Milton Friedman, 500+ Economists Call for Marijuana Regulation Debate;

New Report Projects $10-14 Billion Annual Savings and Revenues

Savings/Revenues Projected in New Study by Harvard Economist Could
Pay For:

**Implementing Required Port Security Plans in Just One Year

**Securing Soviet-Era “Loose Nukes” in Under Three Years

Replacing marijuana prohibition with a system of taxation
and regulation similar to that used for alcoholic beverages would produce
combined savings and tax revenues of between $10 billion and $14 billion
per year, finds a June 2005 report by Dr. Jeffrey Miron, visiting professor
of economics at Harvard University.

The report has been endorsed by more than 530 distinguished economists,
who have signed an open letter to President Bush and other public officials
calling for “an open and honest debate about marijuana prohibition,” adding, “We
believe such a debate will favor a regime in which marijuana is legal
but taxed and regulated like other goods.”

Chief among the endorsing economists are three Nobel Laureates in economics:
Dr. Milton Friedman of the Hoover Institute, Dr. George Akerlof of the
University of California at Berkeley, and Dr. Vernon Smith of George
Mason University.

Dr. Miron’s paper, “The Budgetary Implications of Marijuana Prohibition,” concludes:

**Replacing marijuana prohibition with a system of legal regulation would
save approximately $7.7 billion in government expenditures on prohibition
enforcement — $2.4 billion at the federal level and $5.3 billion at
the state and local levels.

**Revenue from taxation of marijuana sales would range from $2.4 billion
per year if marijuana were taxed like ordinary consumer goods to $6.2
billion if it were taxed like alcohol or tobacco.

These impacts are considerable, according to the Marijuana
Policy Project
in Washington, D.C. For example, $14 billion
in annual combined annual savings and revenues would cover the securing
of all “loose
nukes” in the former Soviet Union (estimated by former Assistant
Secretary of Defense Lawrence Korb at $30 billion) in less than three
years. Just one year’s savings would cover the full cost of anti-terrorism
port security measures required by the Maritime Transportation Security
Act of 2002. The Coast Guard has estimated these costs, covering 3,150
port facilities and 9,200 vessels, at $7.3 billion total.

“As Milton Friedman and over 500 economists have now said, it’s
time for a serious debate about whether marijuana prohibition makes any
sense,” said Rob Kampia, executive director of the Marijuana Policy
Project in Washington, D.C. “We know that prohibition hasn’t kept
marijuana away from kids, since year after year 85% of high school seniors
tell government survey-takers that marijuana is ‘easy to get.’ Conservatives,
especially, are beginning to ask whether we’re getting our money’s worth
or simply throwing away billions of tax dollars that might be used to
protect America from real threats like those unsecured Soviet-era nukes.”

 http://www.prohibitioncosts.org/

 


Thank God......it's Friday!!!

EllysMom1005
by Member on Jun. 23, 2012 at 6:39 PM
1 mom liked this

Legalize it, tax it, and there you go. The national debt is taken care of.

There are enough people in this country that want to or do smoke it recreationally that I don't see any reason to keep it illegal.

collectivecow
by Gold Member on Jun. 23, 2012 at 7:48 PM

BUMP!

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