About
Articles
Monographs
Working Papers
Reviews
Archive
Contact
 
 

Economists for Legalising Weed

The sort of applied economics we like to see:

Replacing marijuana prohibition with a system of legal regulation would save approximately $7.7 billion in government expenditures on prohibition enforcement-$2.4 billion at the federal level and $5.3 billion at the state and local levels.

Revenue from taxation of marijuana sales would range from $2.4 billion per year if marijuana were taxed like ordinary consumer goods to $6.2 billion if it were taxed like alcohol or tobacco.

If you are an academic economist, you can add your name to a list of over 500 economists supporting legalization here.

(via Mahalanobis)

posted on 08 June 2005 by skirchner in Economics

(1) Comments | Permalink | Main

| More

Comments

Prohibiting pot costs alot of money and persecutes generally harmless people. But pot also induces sloth and gluttony. Do we really want more young people to turn into lard-assed couch potatoes?

Posted by Jack Strocchi  on  06/13  at  01:33 AM



Post a Comment

Commenting is not available in this channel entry.

Follow insteconomics on Twitter