I thought you might be interested in an editorial I wrote for a CNBC special report on marijuana, money and the issue of legalization.
With the United States still struggling through the recession, state governments are exploring convenient fixes for overcoming massive debts burdening their states.
After years of heavy spending, California, for example, is facing a $42 billion deficit. To address this staggering shortfall, some legislators are proposing the legalization of marijuana to boost tax revenue.
Certainly some states are in dire economic straits; however, we cannot allow social and law enforcement policy to be determined simply by revenue needs. Put plainly, marijuana was made illegal because it is harmful; citing revenue gain as reason to legalize the drug emphasizes money over health and ignores the significant cost burdens that will inevitably arise as a result.