Polls suggest a majority of Americans support legal pot, and as many as five states could legalize recreational marijuana in 2016. What might the trend mean for America? Washington State and Colorado are beginning to offer clues.
A woman from upper-class Scarsdale, N.Y., is charged with growing pot in a Queens warehouse. That would be illegal, but it points to the possibilities of the legal marijuana industry as states legalize the drug.
Marijuana tax could be a new source of revenue for strapped states, and the federal government, too, say two congressmen who have proposed such legislation. But the scale of any tax benefit is hotly disputed.
Libertarians may debate the merits of global warming, but not the worthiness of an emissions market.
Ending US interference, including military support for Israel, could significantly reduce the rationale for terrorist acts.
Former Fed Chair Paul Volcker says the problem is ‘moral hazard’ – policies leading investors and bankers to believe they can take future risks without bearing the full cost.