Legalizing Marijuana and Taxing Could Generate Billions

May 6, 2009

News

This topic of legalizing marijuana in other states and collect taxes has received more attention in today’s current economic standings than previously. With multiple states having to perform cutbacks leading to more job loss, states as California where marijuana is legal for medicinal purposes actually has supported the states budget deficit by adding over $1 million in tax dollars generated from marijuana dispensaries across the state.

The question of legalizing marijuana has reached the desks of President Obama and he also shares his views about this possibility, see below.

As more and more start to accept the ACTUAL benefits of marijuana for health purposes there continues to shine a light for those who pursue the legalization of this medicine. States can thrive from the benefits of taxation while also creating a spark in the local job market from dispensary openings, support local horticulture centers while local farmers grow the medicine to be distributed.

Go here for more information on marijuana taxes.

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2 Responses to “Legalizing Marijuana and Taxing Could Generate Billions”

  1. Wiley Filmore Says:

    i enjoyed the article, you have a nice blog.

  2. Kevin Says:

    It should simply be legalized…PERIOD!!
    Certainly, huge tax revenues can be realized by taxing cannabis just like anything else. (tobacco, alcohol, etc.)

    If this ever happens, I would like to see edibles promoted.
    A nice parsley/pot pesto would be cool.
    Smoking is NOT healthy.

    Vote for Ron Paul…He won’t beat around the bush on this issue.
    He’s a libertarian and an M.D. that is pro-cannabis.

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