Study: Legalizing Marijuana Equals Financial Gains for Israel 10/02/13
Study: Legalizing Marijuana Equals Financial Gains for Israel by Emily Brewes 10/02/13.
A recent study indicates that legalizing marijuana could mean significant financial gains for the economy in Israel.
Using estimates based on current black market demand, and using tax rates equivalent to those on tobacco cigarettes, the legalized sale of marijuana would generate over $260 million in government revenue. Add to that an estimated savings of $198 million worth of law enforcement costs attributed to marijuana use currently deemed illegal, and the move to legalization could generate in excess of $450 million annually. For more information: http://www.shalomlife.com/business/20615/study-legalizing-marijuana-equals-financial-gains-for-israel/