Legalizing marijuana, while controversial, would be a step in the right direction and would ease prison overcrowding, reduce illegal immigration, and have the potential to greatly increase tax revenue. Yet despite these obvious advantages, the United States and many other countries still dole out harsh punishments on even the most casual users of marijuana. This is a policy that must come to an end.
Decriminalizing marijuana would help increase the amount of revenue on hand in several ways. First off, the resources used in fighting the so called “War on Drugs” would be greatly reduced. Second, legalized marijuana purchases would provide additional revenue in the form of sales tax. Third, companies that grow and distribute the marijuana would in turn provide even more tax revenue as well as much needed jobs. According to Jeffrey A. Miron in his report titled “Budgetary Implications of Marijuana Prohibition in the United States,” over $2.4 billion in tax revenue would be generated by the sale of marijuana, and other research estimates are even higher. Read the rest of this entry


