Argument: Legal marijuana can be taxed for revenue gain

Support

• Milton Friedman and other Economists. “Budgetary implications of marijuana prohibition in the United States”. 2005 – “The report also estimates that marijuana legalization would yield tax revenue of $2.4 billion annually if marijuana were taxed like all other goods and $6.2 billion annually if marijuana were taxed at rates comparable to those on alcohol and tobacco.”

• James Vaughn. “Why Marijuana Should Not Be Legalized”. Associated Content. Nov 03, 2005 – “Vancouver’s gas lamp district has become a Mecca for thousands in search of super-pot bringing in hundreds of thousands of dollars in tax revenues for the Canadian government.”