In one of my prior article reviews, I stated that we might need tolook at our underground economy, and this is exactly what I was referring to. With government spending, we get an increase in interest rate which has a negative effect in private investment. Withprivate investment being affected negatively the unemployment rate is not going to decrease. As stated by Ammiano “we need to think outside the box.”
In California’s case marijuana is the statesbiggest cash crop accounting for a 14 billion a year. Milk and cream are the second agricultural commodity, and it only brings 7.3 billion a year. With marijuana being part of the underground economyCalifornia is losing 1.3 billion a year in revenue. The real question is. How much is the whole country losing?.
Some say legalizing weed would have negatives externalities. “We have enough problemswith alcohol and abuse of pharmaceutical products. Do we really need to add yet another mind-altering substance to the array?” says John Lovell, a lobbyist for the California peace officer’sassociation. I got news for Mr. Lovell, marijuana is already part of that array, whether we like it or not. That product is here to stay, it won’t go away so might as well start taxing it, and stop usingmoney to hinder it's use. Legalizing pot would put a stop to the arrest, prosecution and imprison of nonviolent offenders saving the state 1 billion a year.
On top of that, by increasing or...