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“Rhode Island the latest state to legalize the sale of medical marijuana. Now similar legislation also under consideration in Delaware, Illinois, Iowa, New Hampshire, New Jersey, North Carolina and Pennsylvania. I’m mean you gotta wonder, is it about to start happening? Is it going to be a state or federal issue? Is everyone ready to light it up because states are hurting for tax dollars?” (CNBC)

A central controversy- is the taboo substance a secret savior for the American economy, or should citizens just say no?

Connecticut’s Fairfield Weekly reports perceptions of the drug have been shifting in America and points out some examples.

“I do think it's begun to sink in…that the last three presidents have smoked marijuana… the guy [Michael Phelps] who's won more Olympic gold medals than anyone on the planet.”

Deregulation and government regulation of marijuana are ways one U.S. state is generating significant revenue.  

The Wall Street Journal takes a financial approach. It reports on Oakland, California’s tax venture:

“A city tax on medical marijuana could generate at least $400,000 and perhaps more than $1 million annually…”

CNN brings both point and counterpoint about how much money the U.S. could generate if Marijuana were legal.

“It’s a guessing game but a moderate estimate says if marijuana were decriminalized would save about 13 billion dollars from not having to enforce marijuana laws.  And if pot were taxed like alcohol and cigarettes it would mean about 7 billion dollars. ... There’s some people who say the cost to society would be much greater than the benefit…One professor at USC said alcohol taxes only cover about 10 percent of alcohol related costs like drunk driving."

Could the legalization of marijuana be a moneymaking venture for debt-ridden states or will it be harmful to citizens?

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