Could Marijuana Legalisation Save The American Economy?Submitted by zooamerica on Tue, 11/13/2012 - 00:30
If the States want to shore up their, "budget deficits," right quick, just legalize marijuana.
Let's do some simple math here...
I think it's safe to say that at least 50 million Americans smoke weed. That's being ultra conservative...
Let's say the average pot smoker in the US consumes 1 ounce of marijuana per month. Again, that's being very conservative.
That's 12 ounces of weed per person, per year on average.
If every ounce of marijuana was sold for $100, and $80 of the cost was a tax that went directly to the states, how much money would that generate in sales tax alone?
12 oz. X $80 tax each = $960 in tax revenue per pot smoker on average.
$960 X 50 million pot smokers = $48,000,000,000
$48 BILLION in tax revenue generated per year at minimum.
That's about $1 billion more for every state.
Most pot nowadays sells for about $200-400 per ounce, which is freaking crazy.
Americans would be happy to legally pay $100 for an ounce of pot and could care less if 80% of the cost went to the government, because they would be paying about 3 times less than the illegal - NON tax generating pot.
Marijuana has the potential to turn itself into a $100 BILLION annual cash crop.
We'd be able to pay off the national debt in less than 200 years.