I bet ya PHARMA is against it as well....?
marijuana legalization could heal California's economic problems, not hurt it?
It could save Washington State economic problems too.
If California can get Proposition 19 passed I am certain that most if not all of the states will follow in time.
It is estimated that around 40 million Americans use marijuana on a fairly regular basis, meaning about one ounce a month. While I haven't bought any marijuana since 1980 I understand that the current per ounce price ranges from $200 to $500, depending on quality. That's quite a bit of money to be piped to criminal syndicates.
If marijuana were legal the price could be significantly reduced, the quality and purity increased, and a substantial tax attached. Imagine the revenue available from approximately 40 million ounces of marijuana sold per month in the U.S., each producing a tax of $25 to $50.
It could resolve the Deficit while still giving the individual states a healthy piece of the action.