Could Legalizing Marijuana Help the Economy?

Some argue the taxes from the drug would be a windfall for states.

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By Alex Kingsbury, Washington Whispers

FDR spent his first few days in office fixing the banks, and then he legalized beer. President Obama has buoyed the banks; what about legalizing marijuana? asks Keith Stroup, the attorney who founded the National Organization for the Reform of Marijuana Laws in 1970. For decades, Stroup has argued that legalizing pot would produce mega tax windfalls, and now, officials of states zonked out by the fiscal crisis—Texas, Tennessee, Massachusetts, and Pennsylvania—are asking Stroup for the 411 on ganja green. "As smokers," he adds, "we're raising our hands and saying: 'Tax us!' "

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