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Bankrupt States Want To Save Themselves By Legalizing Pot

Bankrupt States Want To Save Themselves By Legalizing Pot

Courtesy of Henry Blodget at The Business Insider/Clusterstock

Pot PlantsBankrupt states have finally found a a way out of their budget deficits: Taxes on legalized pot.

In certain western states, at least, the public supports the move.

WSJ: [A] national marijuana-legalization movement…has lately been emboldened by several factors, including laws allowing marijuana for medical purposes.

The recession may be another reason. With many states suffering big budget deficits, for instance, legalization advocates say the states could benefit from new taxes on the sale of marijuana. In addition, the Obama administration appears to have taken a more-mellow attitude on medical marijuana as societal views about the drug evolve. In a poll last week of 500 adults in Washington state by SurveyUSA, 56% of respondents said legalizing marijuana is a good idea.

"We’re beyond a tipping point culturally," said Roger Goodman, a Democrat representing Kirkland, Wash., and other Seattle suburbs in the Washington legislature who co-authored the legalization bill, known as HB 2401. "Now we’re at a point where we’re figuring out the safest way to end prohibition."

Read the whole thing at WSJ >

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