Legalizing marijuana adds revenue, reduces law-enforcement costs
In its fiscal note on I-502, the state Office of Financial Management estimated the total state and local government revenue from marijuana at $566 million. That’s roughly what the state budgets in taxpayer money for its six universities. Most of the marijuana money, however, would be earmarked for health-related spending (see chart). Putting I-502 into effect would also save the money now spent on law enforcement. The bottom line: Legalizing marijuana offers government a pot of money, both in revenue and in savings.
The Seattle Times (US)
Saturday, September 22, 2012