COULD CANNABIS LEGALIZATION PULL THE UNITED STATES OUT OF THE CORONAVIRUS-RELATED RECESSION?

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Kris Krane wrote an interesting article this week for Forbes suggesting that legalizing cannabis is the key to our economy recovering from the fallout of COVID-19. Also, visit our COVID-19 Resource Center for up-to-date information to help you stay informed of the legal issues related to COVID-19. The article largely draws on a comparison of how ending the prohibition of alcohol helped the United States recover from the Great Depression.   by Douglas Sargent | May 28, 2020 | Labor and Employment, Legislation, Recreational Marijuana | Federal Some of his statistics and juxtaposition are eye-popping. Like all of his other articles for Forbes, it is well researched and well written. Further, the article cites a recent study (subscription required) by New Frontier Data that estimates federal legalization could result in 1.6 million new jobs, as well as $128.8 billion in tax revenue.

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Kris Krane wrote an interesting article this week for Forbes suggesting that legalizing cannabis is the key to our economy recovering from the fallout of COVID-19. Like all of his other articles for Forbes, it is well researched and well written. The article largely draws on a comparison of how ending the prohibition of alcohol helped the United States recover from the Great Depression.

 

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