Legalising Marijuana Could Actually Save America’s Economy

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Across the U.S a number of states are legalising marijuana despite pressure from certain groups to keep it illegal. Now though there’s a very good reason to legalise pot, it would bring in a lot of money. 

According to The Kernel legalising marijuana on a federal level could have economic benefits for America raking in potentially billions of dollars.

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They also claim that legalisation will provide top-down economic improvements in local economies plus save state governments money that they currently spend on law enforcement.

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It’s estimated that in the U.S. that the average annual trade in marijuana is estimated at $113 billion, which would bring in nearly $45 billion in taxes should weed be legalised according to Harvard economist Jeffrey Miron.

Mr Miron claims that the tax revenue that the U.S. government is missing out on could fund a number of major civic projects including treating those with drug problems rather than locking them up.

The U.S. currently spends a colossal sum of money on it’s failing ‘War on Drugs’, an initiative that includes not just marijuana but also meth, heroin and cocaine.

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52743UNILAD imageoptim GettyImages 609971376 Legalising Marijuana Could Actually Save Americas Economy

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If weed were legalised then The Kernel claims that America could stop wasting $1 trillion dollars on direct law enforcement to investigate those suspected of growing, trafficking and dealing weed.

They also claim that on a local level the production of weed, including growing, packaging and distributing the substance would provide jobs and opportunities for local communities.

Finally there’s tourism, Amsterdam is a popular tourist destination because it allows tourists to sample the delights of a whole host of marijuana related products. The U.S. could use legalised weed to bring in more tourists.

Sounds like there’s a lot of good reasons to legalise it to me.


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