The times they are a-changin’, to quote famed marijuana aficionado Bob Dylan.
One need look no further than the nationally televised news program where California Gov. Jerry Brown openly asks “how many people can get stoned and still have a great state or a great nation?”
Good question. With marijuana rapidly becoming more legal everywhere, we may soon find out.
Brown, 75, once known as the “liberal” governor who followed Ronald Reagan, says once the marijuana industry has “advertising and legitimacy” behind it the “tendency to go to extremes” may turn the U.S. into a nation of couch potatoes.
“The world’s pretty dangerous, very competitive. I think we need to stay alert, if not 24 hours a day, more than some of the potheads might be able to put together,” said Brown on NBC’s “Meet the Press.”
Brown may be paranoid.
Alcohol has been legal for decades, and during that time the U.S. has fared pretty well.
During Prohibition (1920-1933), government revenue from taxes tanked and the U.S. economy became weaker, not stronger.
The biggest winner during “the noble experiment” was organized crime. Al Capone took over Chicago because he controlled the bootleg liquor trade, among other things.
Right now, the only two states where marijuana is legal for recreational purposes, Colorado and Washington, are raking in taxes.
Legalizing marijuana would likely drop the price to the point criminals couldn’t make a killing from it. A 2010 study suggests the price of high-grade marijuana would drop from $375 to $38 per ounce.
In Georgia, lawmakers today are scheduled to vote on whether to legalize medicinal marijuana. The latest version of the law would allow five state universities (Regents, Morehouse, Emory, Mercer, UGA) to grow marijuana.
Only a lawmaker would make it legal for schools with strong church ties (Emory and Mercer) to grow a plant instead of institutions with the word “agriculture” in their name like ABAC.
My advice? Buy as much Doritos stock as you can right now.
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