Skip to Content, Navigation, or Footer.
The Daily Cardinal Est. 1892
Friday, November 22, 2024
Legalizing pot a smart move in tight economy

Lydia Statz

Legalizing pot a smart move in tight economy

 


As our economy continues to flounder and politicians continue to debate the best way to raise revenue and overcome the national deficit, one viable option has failed to receive the same level of national attention that it deserves: Legalizing marijuana. 


 



The thousands of supporters who gathered on Library Mall last weekend for the 40th annual Harvest Festival are on board, but most Americans outside of California haven't given the issue much thought. As the first state to legalize medical marijuana in 1996, Californians now have the chance to permit the possession of small amounts of recreational marijuana for adults 21 and over. Supporters of Proposition 19 are counting on the taxes attached to marijuana sales to help close the state's monumental budget deficit. Many economists say it could work on a national scale, too. So why isn't the rest of the nation listening?



 



The debate over legalization has previously centered mostly on medical usage. Today, 14 states and the District of Columbia allow possession of medical marijuana, with more sure to follow suit. In my mind, the numerous studies which have proven it a safe and effective way to manage chronic symptoms from conditions such as AIDS, cancer, Multiple Sclerosis, glaucoma and more should close the debate on this issue. This is a way to bring relief to thousands of suffering Americans while simultaneously reducing the use of highly addictive opiates which are commonly prescribed, and it's high time medical cannabis was legalized nationally.



 



Supporters of legalizing recreational marijuana have more to prove if they ever want to be seen as more than a group of stoners trying to avoid prosecution. That shouldn't be too hard, though, seeing as there are many reasons the legal regulation of cannabis could be the answer the nation's been searching for. Since there's far too many reasons to account for, I'll focus on only a few of the most compelling arguments considering our current economic climate. 



 



One of the key factors in the repeal of Prohibition was the onset of the Great Depression. President Roosevelt recognized that alcohol taxes could provide the revenue necessary for much-needed social programs—and he was right. In today's Great Recession, legalizing and taxing marijuana could bring in $6.7 billion annually, according to a 2008 study by Harvard economist Jeffrey Miron, and the savings in law enforcement spending would total in the billions as well. While Washington searches for ways to cut spending, the answer could be right under their nose.



 



In another analogy to prohibition, legalization could help break up the violent drug cartels terrorizing not only parts of our country, but much of Mexico as well. Just as a legal alcohol industry helped end the era of mafia violence and bootlegging, the breakdown of the black market today could push these violent cartels out of business, improving life for Americans and Mexicans alike.



 



Legalizing recreational marijuana would also end an era of hypocrisy in America's drug policy. Several major medical studies have proven that marijuana is no more dangerous than alcohol or tobacco, both of which are legally regulated substances. It's true that driving high is dangerous, and employees probably shouldn't be toking up on the job, but both of these are true of drinking as well. For decades we have battled these issues with education, and the same could be done with marijuana. 



 



Setting a legal age, like either of these substances, will allow consenting adults to make informed decisions about what they put into their own bodies.



 



Our society has changed a lot since the ineffective and incredibly costly ""War on Drugs"" was first announced four decades ago. A 2009 Gallup poll showed that 44 percent of Americans approve of legalizing marijuana—the highest rate ever. 



 



And there's every reason to believe that number will continue to increase. California could be the first state to update its laws to coincide with our modern scientific knowledge and economic reasoning, yet I believe the rest of the nation will follow suit someday as the taboo on pot smoking evaporates. I just hope it happens before we add another trillion to our national deficit.



 



Lydia Statz is a junior majoring in journalism and international studies. Please send all feedback to opinion@dailycardinal.com.


Support your local paper
Donate Today
The Daily Cardinal has been covering the University and Madison community since 1892. Please consider giving today.

Powered by SNworks Solutions by The State News
All Content © 2024 The Daily Cardinal