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Essay Drug War

Assignment id 1003595
Discipline Other
Assignment type Essay
Words 2382
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The United States economy is in what could be thought of a melancholy. The government has not made many strides to resolve this matter, they simply keep increasing the debt ceiling. A market exists that is worth trillions of dollars per year, the marketplace being the illegal drug industry. If Congress were to take the initiative and indicate some law to legalize all drugs they might boost tax revenue, reduce funding out of some applications, and reduce collateral damage to society brought on by the drug subculture. If drugs were legalized there could be tons of cash to be produced not only in sales tax but in business tax and in earnings tax. As an example marijuana is the most popular drug on the illegal industry. A D.C. dispensary sells an eighth of an ounce for $58-70 (Debonis). If they were to package marijuana cigarettes the same way they do tobacco smokes it would require approximately.7 oz of marijuana in a bunch. So at the current price a bunch of Marijuana cigarettes would be around $250. This is probably a very liberal number. This is also before they'd begin mass production of the bud. And it would fluctuate based on grade. And should the tax on a pack of smokes is anywhere from $1.01-2.11and that is simply on a bunch that cost approximately $5("Taxes"). The nation could embrace and continue to use the sizing and pricing system that's already on the roads that would lead to a more seamless and flawless transition. There's an estimated $1.4 billion to be made annually in the state of California if marijuana was taxed ("Drug War"). This isn't counting the company and income tax, solely from the item. The market for illicit drugs in 2010 has been an estimated 8.9 percent of the population over age 12 ("Results from"). Though there will be an era li...

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