Should Marijuana Be Legalized?

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Legalize Marijuana
Colorado schools have earned $13.6 million of funding in the first five months of 2015 from the recently legalized sale of recreational marijuana. This is a major increase from 2014 with a total of $13.3 million being paid for the entire year. All of this rapidly growing revenue is being generated through the taxes paid by the marijuana sales industry. This substantial sum is a part of an approved excise tax of 15% on wholesale marijuana sales which orders that 15% of the taxes be used strictly for the construction of new schools. This, of course, comes from the total marijuana tax revenue which has already reached over $60 million in 2015 alone as of August. This unprecedented increase in state revenue and school funding is one of the most obvious benefits to the legalization of recreational marijuana.
These taxes are not to outweigh the fact that there are a myriad of other benefits associated with legalization of the “drug”. For one, as compared with the rates of 2010, the total number of marijuana possession arrests has dropped by 84%. This has saved the state a projected $2.2 million in adjudicatory costs on possession arrests alone. Even this fact does not take into account the court costs that were saved in the 2.2% decrease in violent crimes as experienced in the first 11 months of 2014. This, coupled with the 9.5% decrease in burglaries and the 8.9% decrease in all property crime, adds to some applaudable savings by the State. The State has also

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