Pot Legalization Could Save U.S. $13.7 Billion Per Year, 300 Economists Say
Category: Legalization | Posted on Tue, April, 17th 2012 by THCFinder
Your plans to celebrate 4/20 this Friday could actually make the government some money, if only such activities were legal. That’s according to a bunch of economists, and some prominent ones too.
More than 300 economists, including three nobel laureates, have signed a petition calling attention to the findings of a paper by Harvard economist Jeffrey Miron, which suggests that if the government legalized marijuana it would save $7.7 billion annually by not having to enforce the current prohibition on the drug. The report added that legalization would save an additional $6 billion per year if the government taxed marijuana at rates similar to alcohol and tobacco.
That's as much as $13.7 billion per year, but it's still minimal when compared to the federal deficit, which hit $1.5 trillion last year, according to the Congressional Budget Office.
While the economists don't directly call for pot legalization, the petition asks advocates on both sides to engage in an "open and honest debate" about the benefits of pot prohibition.
"At a minimum, this debate will force advocates of current policy to show that prohibition has benefits sufficient to justify the cost to taxpayers, foregone tax revenues, and numerous ancillary consequences that result from marijuana prohibition," the petition states.
Going Green - Legalizing Marijuana
Category: Legalization | Posted on Sat, April, 14th 2012 by THCFinder
Arkansans use grassroots effort to try and legalize marijuana
Category: Legalization | Posted on Mon, April, 2nd 2012 by THCFinder
NORTH LITTLE ROCK – A grassroots effort is underway to legalize medical marijuana in Arkansans after several failed attempts in the past decade.
The advocacy group Arkansans for Compassionate Care (ACC) has gone door-to-door, held awareness events, and worked with lobbyists in hopes of making 2012 the year the Arkansas Medical Marijuana Act goes before voters in November.
If passed, it would pave the way for 30 dispensaries to throughout Arkansas. Government-issued prescription cards would be required for purchasing and carrying marijuana.
Similar supporters of marijuana legalization failed in 2003, 2004, 2005 and 2011 to get an initiative successfully passed.
This time around, ACC needs 62,507 signatures by July to make the ballot.
"We're about halfway there, maybe a little less than half way," said Melissa Fults, a volunteer with ACC, "but we have three more months to go and we're getting more and more volunteers every day."
There are about 300 volunteers statewide who have taken up the cause.
"After a couple of years I lost a third of my body weight," said Paul Coody, a paraplegic Navy veteran and volunteer for about a year with ACC. "My body was literally consuming itself."
Legalize today get high tonight
Category: Legalization | Posted on Sat, March, 31st 2012 by THCFinder
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