Could legalizing marijuana solve California's budget woes?
(Read article summary)Guest blogger Matthew Kahn looks at the tax benefits of legalizing marijuana and the future of electric vehicle purchases.
I am back. I'm not thrilled by my Governor's budget choices. Slashing $500 million from the University of California budget is likely to affect my quality of life. I have a budget suggestion for Jerry Brown. Let's legalize pot in California and export it around the world. At $300 an ounce, we would merely need to export 2,083 tons per year to zero out our deficit. There must be sufficient demand for this product around the world?
Switching subjects, I had the opportunity to speak at the World Bank earlier this week and had a great time. I also reunited with an old Scarsdale friend who I hadn't seen in 30 years. It was great to see him. I humbly suggest that you try to reunite with old friends. It is never too late.
MONITOR QUIZ: How much do you know about marijuana?
Switching subjects: who is likely to buy electric vehicles? The Sacramento Bee offers some evidence here. I was shocked that these guys didn't cite my work.
