*Replacing marijuana prohibition with a system of taxation and regulation similar to that used for alcoholic beverages would save approximately $2.4 billion at the federal level and $5.3 billion at the state and local levels.
*Revenue from taxation of marijuana sales would range from $2.4 billion per year if marijuana were taxed like ordinary consumer goods to $6.2 billion if it were taxed like alcohol or tobacco.
*Over 500 economists have now said, it’s time for a serious debate about whether marijuana prohibition makes any sense or are we simply throwing away billions of tax dollars that might be used to protect America from real threats like financial crisis and government debt and instability
*Many states have already passed this measure, yet it is still illegal under federal law