TV News LIES

Tuesday, Apr 28th

Last update07:53:16 PM GMT

You are here News Of Special Interest Over 300 Economists Agree: It’s Time to Legalize Marijuana

Over 300 Economists Agree: It’s Time to Legalize Marijuana

E-mail Print PDF

Over 300 economists have signed on to an open letter to the President, Congress, Governors, and State Legislators asking them to allow this “country to commence an open and honest debate about marijuana prohibition.” The petition states that the undersigned “believe such a debate will favor a regime in which marijuana is legal but taxed and regulated like other goods.”

We, the undersigned, call your attention to the attached report by Professor Jeffrey A. Miron, The Budgetary Implications of Marijuana Prohibition. The report shows that marijuana legalization — replacing prohibition with a system of taxation and regulation — would save $7.7 billion per year in state and federal expenditures on prohibition enforcement and produce tax revenues of at least $2.4 billion annually if marijuana were taxed like most consumer goods. If, however, marijuana were taxed similarly to alcohol or tobacco, it might generate as much as $6.2 billion annually.

The fact that marijuana prohibition has these budgetary impacts does not by itself mean prohibition is bad policy. Existing evidence, however, suggests prohibition has minimal benefits and may itself cause substantial harm.

More...


Most Recent Related Stories...


Eyeing Arab ties, Israel to observe nuclear pact meeting

NetanyahuIsrael will take part as an observer in a major nuclear non-proliferation conference that opens at...

780,000 chemical weapons being destroyed in Colorado

Chemical weaponsWorkers have begun destroying a massive stockpile of American chemical weapons stored at a former Army...

Avalanche Kills 10 on Mount Everest

avalanche Mt. EverestAn avalanche triggered by a massive earthquake in Nepal swept across Mount Everest on Saturday, killing...

Judge approves potential $1bn, 65-year deal in NFL concussions lawsuit

760M for NFL vetsA federal judge has approved a plan to resolve thousands of NFL concussion lawsuits that could...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!