A recent newsletter for conservative financial readers offers the opinion that legalizing marijuana in the United States would be beneficial just looking at economic factors alone.
Bottom Line for Morality: From a justice perspective alone, legalization has strong benefits. And moving a cash flow stream from the illegal/black market into to mainstream is also a positive.
Bottom Line for Investing: The cost-benefit analysis is one of the strongest (if not the strongest) argument for pot legalization. As we have seen with Canada’s recent national legalization, these forces are likely to continue marching toward federal legalization in the U.S. as well.