MARIJUANA SHOULD BE LEGAL: ECONOMIC STUDY

Marijuana should be legalized and then taxed like any other product, a
study by an economic think tank says. The Fraser Institute estimates
such a move would easily generate more than $2 billion a year in
additional tax revenues. All that would change is that governments,
rather than criminals, would enjoy the spoils, argues the study being
released today by the Vancouver-based institute. The potential tax
revenue is based on the study's estimate that in British Columbia
alone, the annual marijuana crop, if valued at retail street prices
and sold by the cigarette, is worth over $7 billion.