How much money could America make if we legalized and taxed marijuana?

This seems like a win-win. Small businesses would make money selling it. States would save money on arrest, prosecution and detention, and the federal government would make money through taxes. Any ideas what dollar amounts we’re talking about?

After the sale of all seized drug assets the U.S taxpayer spent about 20 billion per year just for the police enforcement and investigation of marijuana alone. This does not include the amount we pay for other drugs every year or for the incarceration of marijuana users and dealers.

If a penny saved equals a penny earned then the same would be true for 20 billion.

If a federal tax was imposed it has been estimated to bring in another 15 to 20 billion.

So around 35 to 40 billion in savings and new taxes.

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