$8.7 Billion in tax revenue could be generated nationally each year from the legalization of marijuana across the United States. In addition, the same amount would be saved from the reduction in enforcement costs.
Tag: marijuana prices
Revenue from a Single Marijuana Plant
According to the US Drug Enforcement Administration, a single marijuana plant produces about 2.2 pounds of usable marijuana, which is sold on the streets for around $2,200.
Percent of Marijuana Revenue for Mexican Cartels
According to Rand Corporation’s Drug Policy Research Center, marijuana accounts for 15 to 26 percent of drug trafficking revenue for the Mexican cartels, and not 60 percent as previously thought.
Land in Mexico Devoted to Harvesting Marijuana
In 2001, there were 10,130 acres of land in Mexico that harvested marijuana. In 2009, the area of land devoted to harvested marijuana in Mexico increased to 29,652 acres.
Drug Testing on Wall Street Results
In 2009, cocaine was found in 7 percent of failed drug tests of Wall Street employees, down from 16 percent in 2007. Marijuana was found in 80 percent of failed tests in 2009, compared to 64 percent in 2007. Amphetamines was found in 10 percent of failed tests, compared to 3 percent in 2007.
Number of Drug Addicts in Mexico
According to the United Nations, 1.7 million people in Mexico consume 27.6 tons of cocaine each year. 3.9 tons of heroin is consumed within the country as well. Up to 3 million people smoke marijuana in Mexico. Officially, the Mexican Government reports that there are 428,000 drug addicts in the country.
Retail Price of Medical Marijuana in the United States
Price of legal marijuana in the United States. For a pound of medical marijuana on the retail market costs between $5,500 to $7,500.
Illegal Drug Seizures in Hawaii in 2009
An estimated $416 Million in illegal drugs was seized by police in the state of Hawaii in 2009. Marijuana was the largest drug seized, with $311 Million worth of the marijuana seized.
Annual Amount of Marijuana Trafficked into Israel
Drug trafficking in Israel brings in an estimated 110 tons of marijuana each year.
Annual Amount of Marijuana Cultivated in Paraguay
5,900 tons of marijuana is produced each year in Paraguay.