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Making marijuana legally available to adults on more or less the same terms as alcohol would tend to reduce crime, certainly by greatly shrinking the illicit market and possibly by reducing alcohol consumption via substitution if smoking marijuana acts, on balance, as a substitute for drinking alcohol rather than a complement to it since ...
Due to reduced law enforcement activity and prison costs associated with marijuana-related crimes, the bill would reduce federal expenditures by hundreds of millions of dollars, according to the New York Times. The Congressional Budget Office (CBO) estimates that the bill would reduce the deficit by almost $3 billion over ten years. [6]
In 2019, the US gained a total of 1.7 billion dollars in tax revenue due to the legalization of marijuana. In 2021, that number more than doubled to 3.7 billion dollars. [14] The increase in tax revenue being a driving factor in the legalization of marijuana is similar to the effects of the repeal of prohibition.
The proposed federal change may have little affect in 24 states that already legalized recreational marijuana for adults, or in an additional 14 states that allow medical marijuana.
The legalization of marijuana can open up the possibility to regulate it. That regulation implies the opportunity to tax the drug, and it also makes law enforcement easier.
As shelter-in-place orders drag on and the U.S. economy limps through the second quarter, investors, economists and politicians are asking important questions about what the post-outbreak economy ...
A sign for a cannabis shop in Portland, Oregon.Cannabis has been gradually legalized for recreational use in some U.S. states since 2012.. Drug liberalization is a drug policy process of decriminalizing, legalizing, or repealing laws that prohibit the production, possession, sale, or use of prohibited drugs.
She was laughing off questions about marijuana legalization in 2014, but by 2018 she had come around and cosponsored a bill in the Senate that would have repealed federal prohibition.