The idea of legalizing marijuana in the U.S. has been floating in the air for decades. Now that the economy is in the toilet trying to maintain its grip for another impending flush, legislatures are seeking any possible way to raise money.
According to a report on Fox News, Democratic state Assemblyman Tom Ammiano says that legalizing marijuana for adults over the age of 21 and taxing it at $50 an ounce could bring a state more than $1 billion a year.
Will $1 billion make much of a difference? Well, that’s just the tax money that could be raised from legalization. What about all the money that could be saved?
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