Cash Crop? Legalizing and taxing marijuana would benefit society

January 10, 2010
Stephen Gutwillig and Mary Moreno Richardson
San Diego Union Tribune

The state Board of Equalization estimates that taxing adult marijuana consumption like alcohol would generate $1.4 billion in new revenue for the state. While that’s only a modest contribution toward our fiscal woes, it’s one more incentive to end decades of failed marijuana prohibition. In fact, the financial and human price that we currently pay for criminalizing pot is far too high.