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State governments would have a lot more money. If pot were legal, state governments could heavily tax it just like alcohol and tobacco, creating a new stream of revenue. For example, estimates show California could rake in over $1 billion per year in pot taxes. What’s more, according to The Budgetary Effects of Marijuana Prohibition, taxpayers are spending about $14 billion each year on the war against marijuana. That’s money that would be saved if marijuana were legal.
It just makes sense.
