hockey4848
Well-Known Member
It is a step I would not feel comfortable taking. I am extremely well read on the topic and I could sit all day and explain to you how legalization will fail miserably at state levels. If you are a california resident, do not vote yes on it being fully legalized because you think mj is a non lethal plant, that has potential to raise your struggling state some tax money. Vote no because you enjoy the schools/hospitals/parks/libraries/roads you currently have. If the republicans ever get back into office (who hate marijuana) will simply pull all federal aid from cali.
I could go deep into the economics of it but the tax revenue people are saying could be raised from legalization is false. The governments estimates on how big the MJ business really is, is 10-120 billion a year. A very arguably number. A number devised from seizures and things like that. But who really knows. So one would automatically think, "wow put a 30% tax on it and the gov can raise easily in the billions." This is however wrong because these money #'s are drawn from current black market pricing, which is high due the risk involved for the manufactures/dealers/transporters etc. Frankly there is already a large tax on marijuana, the tax of getting caught. You take that illegal aspect away from it and it is just like any other plant. And any other legal consumable plant we have in our lives is rather cheap. A head of lettuce is maybe a pound and it costs $2.99. And unfortunately marijuana users do not use all that much product compared to other heavily taxed items. A heavy smoker may smoke 20-40 cigarettes a day. A heavy MJ user will smoke a fraction of this amount. The "100 billion dollar" marijuana industry people in favor of legalization for tax generating purposes are dreaming, this is the illegal market of $3-5,000 a pound marijuana. When legalized this number will automatically drop drastically.
My point is, heavy taxes will have to be applied to marijuana for it to make any real money. Which will in turn drive the black market farther underground and ultimately thrive.
I could go deep into the economics of it but the tax revenue people are saying could be raised from legalization is false. The governments estimates on how big the MJ business really is, is 10-120 billion a year. A very arguably number. A number devised from seizures and things like that. But who really knows. So one would automatically think, "wow put a 30% tax on it and the gov can raise easily in the billions." This is however wrong because these money #'s are drawn from current black market pricing, which is high due the risk involved for the manufactures/dealers/transporters etc. Frankly there is already a large tax on marijuana, the tax of getting caught. You take that illegal aspect away from it and it is just like any other plant. And any other legal consumable plant we have in our lives is rather cheap. A head of lettuce is maybe a pound and it costs $2.99. And unfortunately marijuana users do not use all that much product compared to other heavily taxed items. A heavy smoker may smoke 20-40 cigarettes a day. A heavy MJ user will smoke a fraction of this amount. The "100 billion dollar" marijuana industry people in favor of legalization for tax generating purposes are dreaming, this is the illegal market of $3-5,000 a pound marijuana. When legalized this number will automatically drop drastically.
My point is, heavy taxes will have to be applied to marijuana for it to make any real money. Which will in turn drive the black market farther underground and ultimately thrive.