Costs of Marijuana Prohibition: Economic Analysis: "Milton Friedman, 500 Economists Call for Marijuana Regulation Debate; New Report Projects $10-14 Billion Annual Savings and Revenues Savings/Revenues Projected in New Study by Harvard Economist Could Pay For:
** Implementing Required Port Security Plans in Just One Year
** Securing Soviet-Era 'Loose Nukes' in Under Three Years
Replacing marijuana prohibition with a system of taxation and regulation similar to that used for alcoholic beverages would produce combined savings and tax revenues of between $10 billion and $14 billion per year, finds a June 2005 report by Dr. Jeffrey Miron, visiting professor of economics at Harvard University."
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