As drugs and related violence from Mexico continue to infect 230 cities in the United States, some politicians, economists, and even drug law enforcement leaders say legalizing drugs may be the answer.
One Texas city councilman tells CNN “it’s the least worst option to ending cartel violence.” He says decriminalizing drugs would take away a lot of the financial incentive for the cartels to kill. Arizona’s Attorney General says 60 percent of the battle is marijuana — and he’s called for “at least a rational discussion” on ways to take the profit out of weed.
Some insist legalizing drugs like pot would help our economy. One California congresswoman says it would pump $1 billion into her state’s budget alone every year. A senior economics lecturer at Harvard says federal, state and local governments spend $44 billion a year to enforce drug prohibition. If drugs were legal, they could be making about $33 billion per year in tax revenue.
To read more and contribute to the Cafferty File discussion, click here.