debt

Spanish village offers land for cannabis growing

Agence France-Presse

A Spanish village plans to rent out its fields for growing cannabis in an urgent bid to create jobs and money to pay off its debts, officials said.

The Catalonian village of Rasquera, population 900, voted late Wednesday in favour of a plan to rent land to an association that promotes the legal recreational or therapeutic use of cannabis by its 5,000 members.

"This is an opportunity that will bring money to the village and will bring jobs," mayor Bernat Pellissa told TVE television after the village council, controlled by a pro-Catalan independence party, approved the plan. Read more »

Legalize marijuana, reduce national debt

by Rob Roberts

Let me preface this by saying this, I am in no way an admission or advocation of illicit drug use, but come on guys, just legalize it already.

From a purely economic standpoint, the legalization of marijuana could drastically help us reduce the national debt and it is a growing market that will bring in more and more profit throughout the years.

Harvard economics professor Jeffery Miron said that replacing the current prohibition with a system of taxation and regulation would save the U.S. $7.7 billion a year in State and Federal costs of maintaining prohibition.

It would also generate anywhere between $2.4-6.2 billion annually from taxes alone.  Not to mention the fact that if the industry is privatized, it would create — or rather legalize —many jobs. Read more »

Rep. Polis on Debt: Tax Pot, Gambling

Jennifer Epstein

The federal government should legalize and tax marijuana and Internet gambling to help get the country out of the current debt crisis, writes Rep. Jared Polis, a second-term Colorado Democrat, on Wednesday’s Wall Street Journal op-ed page.

Though many Republicans have signed the anti-tax pledge put forward by Grover Norquist’s Americans for Tax Reform, that promise “does not preclude provisions that will increase revenue without actually increasing taxes on Americans,” Polis argues. Read more »

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