High on Economics

Posted by Admin

Medical Marijuana has long been discussed in the public sphere, first as a property or civil rights issue and then as a revenue raising scheme for state and local governments. However, for the first time it is being really considered because of the recession. If more local or state governments make moves to legalize recreational use of marijuana, you can count on seeing a boom in the economy. Regardless of the moral arguments, it is widely accepted that many businesses would sprout up in response to legalization.

Some people certainly don’t agree with the assessment that legalization would improve thing economically.

“There’s no upside to it in any manner other than for those people who want to smoke pot,” said Travis Kuykendall, head of the West Texas High Intensity Drug-Trafficking Area office in El Paso, Texas. “There’s nothing for society in it, there’s nothing good for the country in it, there’s nothing for the good of the economy in it.”

More here.