Wednesday, May 16, 2012

Marijuana and our economy

It might not be by coincidence that marijuana is becoming such a serious issue during the current state of our economy. Is it possible after being prohibited and looked down on, that marijuana could be what breaths life back into the United States? Experts and officials are starting to say yes.

Recently 300 economists signed a petition all agreeing that the legalization of marijuana could save the federal government $13.5 billion a year, simply by cutting prohibition enforcement and taxing cannabis sales. This might not seem like much when looking at our $1.5 trillion deficit, however it's financially a step in the right direction, and a huge step forward to using marijuana to it's full possible potential.
California officials are looking at the math as well seeing how the state can save money by taxing legalized pot. Tom Ammiano announced the introduction of a bill similar to Washington's and Colorado's legislation to be voted on this November. This bill aims to tax and regulate marijuana like alcohol in the state of California, making the state billions a year.

"With the state in the midst of an historic economic crisis, the move towards regulating and taxing marijuana is simply common sense. This legislation would generate much needed revenue for the state, restrict access to only those over 21, end the environmental damage to our public lands from illicit crops, and improve public safety by redirecting law enforcement efforts to more serious crimes," Ammiano said.

But why stop there?

Marijuana is a %100 useable non-waste crop with multiple uses, and it's cheap and easy to grow. Cannabis and hemp could be use to bring industry and wealth back to the United States as argued in last years documentary "WeedGeist" Continue Reading....