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by Peter Moskos

March 9, 2009

Taxing Drugs

U.S. Attorney General Eric Holder's announcement that the federal government will no longer raid medical-marijuana dispensaries was cheered by California dealers as well as state legislators who seek to legalize and tax sales of the drug.
...
Marijuana is [estimated as] a $14 billion crop in California. Taxing the drug $50 an ounce... would generate more than $1 billion annually for a cash-strapped state that closed a $42 billion budget deficit just last month.

Read Stu Woo and Justin Scheck's article in the Wall Street Journal.

3 comments:

dave h. said...

"It would be the springboard for other problems, and that's just not the right thing to do for our children."

Here in a nutshell is the backwards, paternalistic philosophy that drives this ridiculous policy. "Do it for the children" almost always leads to nefarious places. Republicans as the party of limited government? Sheeeeiiiit. Legalize it and maybe your baby's stash won't get dusted with phencycledine fool!

Anonymous said...

"The state law doesn't specify for what ailments the drug can be prescribed. Californians who seek out certain doctors can easily obtain a prescription for marijuana use; some high-school students do this as soon as they turn 18."
It is this dishonesty in the "medical" marijuana movement that prevents more widespread support.

PCM said...

18-year-old high-school students smoking weed! So what? Is that new? And are kids really waiting till they're 18 now?

I don't think the medicinal marijuana movement, dishonest or not, prevents more widespread support.