Monday, 23 September 2013

Taxed



There has been much talk in the marijuana debate over the years regarding the potential tax revenues and what that can mean for the economy. 

Professor Stephen T. Easton of Simon Fraser University in British Columbia,Canada published a study called "Marijuana Growth in British Columbia" where he believes that if treated like a commodity marijuana can be taxed and regulated, and the resources generated from the industry be used appropriately instead of fighting a war long lost.

A 2010 study from the Cato Institute in the US says legalising would generate $8.7 billion dollars in federal and state tax revenue annually. New Zealand  be generating hundreds of thousands if not millions in additional tax revenue per year as well. 

Recently in an open letter to the President of the united states, Congress, Governors, and State Legislatures 500+ economists went on record detailing the benefits of legalizing marijuana.


1 comment:

  1. Hey Chance,

    I really like the topic such as this, it seems to be negative and may be positive. And i agree with your point in taxation.

    First, if we want to make people away from drug, we can't force them but make it tax or increase price just like tobacco, can be reduced some of people on it and earn the large amount of tax revenues.therefore, i strongly support your aspect.

    anyway, you make paragraph very clear and reader won't be difficult to read. And i can see work hard in your research, overall, your writing is quite good so far.

    ReplyDelete