Ending Marijuana Prohibition Worth Billions

December 10th, 2013
in News, econ_news, syndication

Econintersect:  After 16 states legalized marijuana for medicinal purposes, two states (Colorado and Washington) have legalized pot for recreational use for those over 21.  The city of Portland, Maine has also legalized MJ and the entire state is expected to follow suit next month.  Several other states have legislation pending to enact the end of marijuana prohibition.

Video follows the Read more >> jump.

Follow up:

Extrapolating the numbers from Colorado and Washington, Econintersect calculates improved state and local government finances if the pot prohibition was ended nationally:

  • Reduced law enforcement and criminal expenses around $600 - $700 million.
  • Increased tax revenues $12 - $14 billion.

Debra Borchardt brings the marijuana story from TheStreet.com in this 2 minute video:


Pot States Growing Like Weeds (TheStreet.com, 06 December 2013)

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

 navigate econintersect.com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved