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Harvard Economist Reports (2005) on the Budgetary Implications of Marijuana Prohibition

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.

At you will also find the full report you can download as a PDF, an executive summary, economists who endorse the report, and more.