A new study has determined that more than 366,000 British Columbians use marijuana, with the market value of their purchases being about half a billion dollars a year, According to the study, taxing it (the same as with alcohol or cigarettes) would bring in billions in new revenue (links removed):
The researchers also point to data from Washington, which recently held a successful referendum to legalize pot, that suggests the same number of pot smokers in that state could bring in $2.5 billion in taxes over five years in a regulated system.
This is one of the reasons why marijuana should be legalized. It would free up money spent prosecuting and incarcerating non–violent criminals who harm no one other than themselves. It is especially important, as the legalization in Washington state could cause a grey market of British Columbians going there to get their marijuana. Completely legalizing it here would prevent such an event. As it stands, a potential boost to ours (and more diffusely, the Canadian economy) is being lost and undercut.
And this study shows yet again why socons should never be allowed to control the public purse. Given the chance, they’ll always deny revenue and blow the budget on puritanism, going after people for doing something they probably do themselves.