Federal Marijuana Legalization Could Raise $130 Billion, Add 1 Million Jobs by 2025

A new study reveals that federal legalization could also raise more than $130 billion in tax revenue by 2025 while also creating more than 1.1 million new jobs (to say nothing of drastically reducing the US prison population).

Counter Information

In addition to putting dent in failed ‘War on Drugs,’ legalization could put hundreds of thousands of people to work and generate billions in revenue

By Jon Queally

January 10, 2017 “Information Clearing House” – Though a key argument for legalizing marijuana in the United States is that it would put a tremendous and necessary dent in the domestic and global failure known as “the War on Drugs,” a new analysis out Wednesday reveals that federal legalization could also raise more than $130 billion in tax revenue by 2025 while also creating more than 1.1 million new jobs.

The new study was published by New Frontier Data—a research and marketing firm whose stated mission is to “inform cannabis-related policy and business decisions through rigorous, issue-neutral and comprehensive analysis of the legal cannabis industry.”

As the Drug Policy Alliance has shown, the criminalization regime and enforcement of…

View original post 440 more words

2 thoughts on “Federal Marijuana Legalization Could Raise $130 Billion, Add 1 Million Jobs by 2025

  1. “The criminalization regime and enforcement of keeping marijuana and others drugs illegal costs the U.S. government more than $50 billion annually—that includes the outrageous costs of imprisoning tens of thousands of people for nonviolent drug offenses.”

    But my question is would the government open the prison doors and release the inmates who were locked up merely “for nonviolent drug offenses?”

    Also, it is my opinion that no minorities would hold licenses to sell marijuana because they would be so costly to obtain. I doubt that minorities were able to open ‘pot shops’ in Colorado because where would they get the startup money? Banks are notorious for denying minorities access to loans to open small businesses, hence the reason why in Baltimore, MD, the Koreans are selling liquor to the Black people who largely makeup the city of Baltimore. This is across the board.

    And as in everything else the government claims will generate tax revenue for schools, infrastructure projects, etc., from the sale of lottery tickets to casino revenue, the money somehow never seems to quite materialize to make the lives of ordinary citizens any better.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s