“Economics of Legalization”

Dr. Dale Gieringer wrote a theses on the Economics of Cannabis Legalization Detailed Analysis of the Benefits of Ending Cannabis Prohibition. His work covers the case for legalization, the cheapest intoxicant, putting a value on cannabis, computing a harmfulness tax, and revenues from legalization.  The revenues from legalization caught my eye because it explains that not only marijuana would be the only source of revenue if it were legalized. Dr. Grierger brings up a good point of how marijuana won’t be the only source of revenue of legalized:

“In addition, legalization would create numerous revenue-generating spinoff industries, such as coffee houses, gardening equipment and paraphernalia.”

The variety of sources of incomes will lead to a boost in the economy, not to mention the creation of jobs.

He also mentions how “legalization would save the considerable economic and social costs of the current criminal prohibition system.”

This would be a good article to spin off the idea of how much money Louisiana devotes to prisons and arrests.

http://norml.org/component/zoo/item/revenues-from-legalization

Advertisements

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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s