The Wolf of Wall street Official Movie Trailer – Martin Scorsese, Leonardo DiCaprio
My free alert on PHOT has now run 200% since my free report just a few short days ago.
Alerted at $.125 it hit $.39 today. I made over $6,000 on the trade. I even did a video lesson.
Today I cleared out my email inbox.
But it was this one, this one really blew my mind.
1 week into 2014 I’m +$13,374. Over 600 in chat.
I make a killing on 3 simple trades each week that ANYONE can follow.
I do the work and YOU make the profits.
Give me 90 days and I will make you a better trader! Learn more
On January 1, sales and use of recreational marijuana became legal in the state of Colorado. Washington State and the nation of Uruguay will follow later this year. Other states such as Oregon and California have ballot initiatives scheduled that may legalize marijuana there as well. It is a virtual certainty that if these initial experiments work out, as was previously the case with casino gambling, it will spread rapidly to other states.
Several factors appear to be at work in the drive to legalize recreational marijuana. First is the abject failure of the war on marijuana, which, surprisingly, began right at the moment when prohibition of alcohol was ending.
Polls are unanimous in showing rising support for marijuana legalization, especially among younger Americans. Opponents are gradually dying off, literally, according to an April 2013 Pew poll.
In October, Gallup found that support among all Americans for legalization exceeded maintenance of the status quo for the first time since it began asking the question in 1969.
Importantly, support for marijuana legalization is not driven mainly by those who use it now or would like to; that is, it’s not just an issue of self-interest. Rather, it is because non-users no longer see marijuana as a gateway drug that automatically leads to the use of more serious drugs, according to a December Associated Press/Gfk poll. In fact, a rising percentage of people believe that legalization of marijuana will actually curb the use of harder drugs–17 percent now from 10 percent in 2010.
Perhaps the dominant factor driving marijuana legalization is the desperate search for new revenue by cash-strapped state governments. The opportunity to tax marijuana is potentially a significant source of new revenue, as well as a way of cutting spending on prisons and law enforcement. The California Secretary of State’s office, for example, estimates savings in the hundreds of millions of dollars from both factors. The following summary is from a proposed state ballot initiative in California (No. 1617).
Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: Reduced costs in the low hundreds of millions of dollars annually to state and local governments related to enforcing certain marijuana-related offenses, handling the related criminal cases in the court system, and incarcerating and supervising certain marijuana offenders. Potential net additional tax revenues in the low hundreds of millions of dollars annually related to the production and sale of marijuana, a portion of which is required to be spent on education, health care, public safety, drug abuse education and treatment, and the regulation of commercial marijuana activities.
Interestingly, anti-tax crusader Grover Norquist has given his blessing to taxes on marijuana, since it is an extension of existing taxes on cigarettes and liquor applied to a comparable commodity, rather than a new tax per se.
The potential revenue obviously depends a lot on details that are presently unknown—the ultimate price of legal marijuana, which could be substantially lower than the present price in illegal markets; the tax rate; the elasticity of demand for marijuana; and the extent to which states and the federal government permit a legal marijuana market to function without crippling regulation.