(PRWEB) June 6, 2005
In a recent online survey of RetailWire.com’s membership of retailing specialists, above two-thirds (69 percent) came out in favor of the retail market supporting the legalization of marijuana. Only 21 percent had been firmly opposed.
The online poll and subsequent discussion had been prompted by news that Professor Milton Friedman is amongst 500 economists who have publicly endorsed a Harvard University report, The Budgetary Implications of Marijuana Prohibition, that says legalizing pot would conserve states and the federal government $ seven.7 billion a year even though bringing in in between $ 2.4 billion and $ 6.2 billion in additional tax revenues yearly, based on the fee of the levy.
The enthusiasm of poll respondents, however, was tempered by commentary submitted by retailing specialists from RetailWire’s BrainTrust panel, such as market consulant James Tenser, Principal of VSN Approaches: “Speaking hypothetically, marijuana may demonstrate to be a lucrative line for merchants. And it seems righteous to cease incarcerating younger people for straightforward possession at a higher value to taxpayers. But I would not advocate that retailers take an active pro-pot stance. Most have been backing away from tobacco sales due largely to overall health considerations. Pot risks are equivalent. And taking into consideration the existing high quality of the retail workforce – what type of labor pool would chain retailers have to draw from if pot were truly legal?”
See the complete story: “Economists Call Recent Pot Laws Dopey” … plus the accompanying Instantaneous Poll and commentary from the RetailWire BrainTrust panel:
(Cost-free registration essential)
RetailWire editor-in-chief George Anderson has not too long ago been featured on CBS Marketwatch radio and NPR. He is obtainable for interviews and commentary:
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