I support the legalization of marijuana, but I feel that the tax-revenue argument consistently over-estimates the amount of revenue the government would derive from legal pot sales.
The thing that, as far as I can tell, no one takes into account is how much marijuana would be produced and consumed at a private level, with little to no money changing hands, and thus no tax revenue being collected.
I know that the first thing I'd do were legalization to occur is acquire m'self four clones, a light, and a small-scale hydro-rig. A large number of my pot-smoking friends would do the same, and I'd be more than happy to supply those who didn't with my home-grown at a reasonable price.
While there would be significant tax-revenue generated. I am always skeptical at the huge numbers thrown out by the pro-legalization crowd.
I think there are way better reasons for legalizing bud.
"Hard work good, and hard work fine, but first take care of head."
-Sublime.
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