The Economic Cost of Not Legalizing Marijuana in the U.S.

The possible benefits of states legalizing marijuana are clear from tax revenues collected by states that have legalized it. Besides increased revenues, legal marijuana provides jobs all through the value chain. Failure to legalize weed creates bottlenecks that impede the full exploitation of the potential benefits the marijuana industry affords the economy. Prohibition also causes governments to spend money on enforcement. The following are some details on what the U.S. is losing, and the good marijuana revenue can do.

How much is the U.S. losing each year by opposing marijuana legalization?

According to research, the Federal Government lost $25.64 billion in forfeiture of revenue and in the money spent on enforcing the ban. The country lost, even more, when the losses incurred by individual states were factored in as the states lost $10.05 billion. These losses at the state level also include the money lost in tax revenue and the amount spent in…

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