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).
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…
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