Marajuana

Most Americans do not want to spend scarce public funds incarcerating nonviolent marijuana offenders, at a cost of $23,000 per year. Politicians must reconsider our country's priorities and attach more importance to combating violent crime than targeting marijuana smokers. Marijuana prohibition costs taxpayers at least $7.5 billion annually. This is an enormous waste of scarce federal dollars that should be used to target violent crime. Marijuana prohibition makes no exception for the medical use of marijuana. The …

…under legalization would be by an excise tax on commercial sales. An examination of the external costs imposed by cannabis users on the rest of society suggests that a "harmfulness tax" of $.50 - $1 per joint is appropriate. It can be estimated that excise taxes in this range would raise between $2.2 and $6.4 billion per year. Altogether, legalization would save the taxpayers around $8 - $16 billion, not counting the economic benefits of hemp agriculture and other spinoff industries.