Opponents of the legalization of marijuana and other illicit drugs validate their stand with information about the cost of illness from these drugs. The standard theory affirms their case by mandating government intervention in the drugs ...
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...c expenditure related to enforcement, rehabilitation of victims of negative externalities of drug use, and efforts at controlling and prosecuting drugs related crimes. Moreover, legalization facilitates the regulated supervision of the drug trade that is subject to tax and fines. This is a potential source of income for the state and federal authorities.
Donohue, J. J. (2010). Rethinking America's Illegal Drug Policy. New Haven: Yale Center for the Study of Globalization .
Miron, J. A. (2003). A Critique of Estimates of the Economic Costs of Drug Abuse . Boston : Boston University.
Tavares, A. (2012). The Impact of Drug Decriminalization in Portugal . Pedro: NOVA School of Business and Economics.
Thornton, M. (2007). Legalization: Do Economists Reach a Conclusion on Drug Policy? . The Independent Review, 417-433.
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