Thursday, October 18, 2007


MORE and more I'm beginning to think that drugs will become legal for the sake of tax revenue, because the numbers are becoming entirely too large to ignore. I just read an article about Marijuana harvesting in Californa, and the numbers are absolutely staggering.

Since April the state's annual “Campaign against Marijuana Planting” has pulled 2.9m plants worth some $10 billion from back gardens, timber forests and state lands (see chart). Marijuana is now by far California's most valuable agricultural crop. Assuming, very optimistically, that the cops are finding every other plant, it is worth even more than the state's famous wine industry.

That is a huge amount of money for a state that is perpetually broke. My prediction is that California will be the first state in which Marijuana production will be legal, and it will be for the sake of collecting tax revenue on the crop.

The only problem is that the Federal government is ignoring the fact that California has legalized medical Marijuana, and continues to send agents in to raid "legal" growers. I expect the conflict between the Feds and the State to escalate on this issue, and it is only a matter of time before there is a legal showdown regarding states' rights.

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