Is marijuana legal or illegal – can it be both? The legal marijuana industry is poised to add more than a quarter of a million jobs to the economy by 2020. Cost savings from legalization could be over $7.7 billion and tax revenue could range from $2.4 to $6 billion annually. Yet, marijuana remains a federally controlled substance, deterring professionals and investors from entering the market. In the last few months, Canada and Mexico have legalized marijuana at the national level for recreational and medical use respectively. What, if anything, is the United States losing by not adopting a federal legalization policy? As this new industry grows, how can it do so inclusively?
- ‘Marijuana Justice Act’ Would End Weed Prohibition Throughout The Land
Janet Burns, Forbes, August 1, 2017
- What Marijuana Legalization in Canada Could Mean for the United States
Katy Steinmetz, Time, April 06, 2017
- What the White House Doesn’t Know about Marijuana Policy
John Hudak, Brookings, February 23, 2017