What would you do with an extra $14 billion dollars? NORML will be asking the Obama administration that very question tomorrow when Executive Director Allen St. Pierre will present a mock check to the U.S. Treasury Office at a press conference on the steps of the General Post Office in Midtown Manhattan in New York City.

WHO
Representatives of the National Organization for the Reform of Marijuana Laws, including NORML’s National Director Allen St. Pierre, and New York NORML

WHAT
Marijuana law reformers will present a $14 billion check to the U.S. Treasury

WHEN
April 15th, 2009 at 8:00 AM (press conference with mock check) and 4:20 PM presentation of check with NORML supporters.

WHERE
The steps of the General Post Office in Manhattan
441 Eighth Ave
New York, NY

If you reside in the New York area, please consider showing your support for marijuana legalization by attending this event.  Taxing and regulating doesn’t just make sense, it makes ‘cents’ too!

Legalizing Pot Makes Lots of Cents for Our Cash-Starved Government
via Alternet.org

What could you do with an extra $14 billion dollars? Members of the National Organization for the Reform of Marijuana Laws (NORML) and other likeminded organizations will be asking government officials that very question on Wednesday, April 15th, when they present a mock check to the U.S. Treasury Office.

“We represent the millions of otherwise law-abiding cannabis consumers who are ready, willing, vocal and able to contribute needed tax revenue to America’s struggling economy,” says Allen St. Pierre, NORML’s Executive Director. “All we ask in exchange for our $14 billion is that our government respects our decision to use marijuana privately and responsibly.”

But it’s not just NORML that is calling on lawmakers to tax and regulate marijuana. In today’s economic climate, the question is: who isn’t?

Late last month, during President Barack Obama’s first-ever Internet Town Hall, questions pertaining to whether legalizing marijuana like alcohol could help boost the economy received more votes from the public than did any other topic. The questions’ popularity — and the President’s half-hearted reply (“No,” he laughed.) — stimulated a torrent of mainstream media attention. In the past two weeks alone, commentators like David Sirota (The Nation), Kathleen Parker (Washington Post), Paul Jacob (TownHall.com), Clarence Page (Chicago Tribune), and Jack Cafferty (CNN) have all expressed sympathy for regulating pot. Even Joe Klein at Time Magazine weighed in on the issue, writing this month that “legalizing marijuana makes sense.”

It makes cents too.

According to a 2005 analysis by Harvard University senior lecturer Jeffrey Miron — and endorsed by over 500 distinguished economists — replacing pot prohibition with a system of taxation and regulation similar to that used for alcohol would produce combined savings and tax revenues of between $10 billion and $14 billion per year.

A separate economic analysis, conducted by George Mason University professor Jon Gettman in 2007, estimates that the total amount of tax revenue derived from cannabis could be far higher. According to Gettman, the retail value of the total U.S. marijuana market now stands at a whopping $113 billion per year. Using standard tax percentages obtained from the Office of Management and Budget, he calculates that the diversion of this market from the taxable economy deprives taxpayers of $31.1 billion annually.

For local and state governments, taxing and regulating pot could help reduce growing deficits. For instance, in Oakland, California the City Council gave preliminary approval last week to a proposal to raise the business tax paid by city-licensed medical marijuana dispensary operators. Council members estimate that the new tax will raise anywhere from $400,000 to a “couple million” dollars annually.

Likewise, lawmakers in Massachusetts and California are debating statewide measures to tax and regulate the production and sale of cannabis to adults. Both state proposals would impose a fixed excise tax on the retail production of marijuana — non-retail cultivation would remain untaxed — as well as sales taxes on the commercial sale of the drug to anyone 21 years and older.

“The revenue effect of the proposed Act is an estimated annual revenue gain of $1.339 billion,” says the California State Board of Equalization and Taxation, which is backing the measure. A more liberal economic assessment performed by California NORML’s Dr. Dale Gieringer estimates that the annual revenues raised via the advent of a legal cannabis industry in California could be far higher.

“A comparable example would be California’s wine industry,” Gieringer wrote in a 2009 report. “With $12.3 billion in retail sales, the wine industry generates 309,000 jobs, $10.1 billion in wages, and $2 billion in tourist expenditures. Extrapolating these figures to a legal marijuana market, … one might expect $12 to $18 billion in total economic activity, with 60,000 to 110,000 new jobs created, and $2.5 to $3.5 billion in legal wages, which would generate additional income and business taxes for the state.”

Finally, taxing and regulating cannabis would have the added bonus of taking the production and trafficking of pot out of the hands of criminal enterprises and, increasingly, drug gangs. According to the Associated Press, marijuana is the “biggest source of income” for Mexican drug cartels. Legalizing pot would eliminate this primary income source for these cartels and, in turn, eliminate much of the growing violence and turf battles that currently surround the drug’s illegal importation from Mexico.

Any way you look at it, legalizing cannabis just “makes sense.” So why aren’t we doing it?

Here’s another way you can let the White House know what you think. The Drug Czar’s blog, Pushing Back, is asking for the public’s feedback regarding Thursday’s Town Hall Meeting. You already know what they think; let them know what you think here.

UPDATE!!! UPDATE!!! UPDATE!!!

Since many of you are writing President Obama on your own, NORML would like to assist the process by providing you with a link for contacting the White House directly. Please log on and send your e-mails by going here.

Also, please check The Hill.com (Read and comment here) and HuffingtonPost.com (Read and comment here) on Friday for updated versions of this commentary, and please post your feedback to those forums as well.

Speaking live moments ago President Barack Obama pledged “to open up the White House to the American people.”

Well, to some of the American people that is.

As for those tens of millions of you who believe that cannabis should be legally regulated like alcohol — and the tens of thousands of you who voted to make this subject the most popular question in today’s online Presidential Town Hall — well, your voice doesn’t really matter.

Asked this morning whether he “would … support the bill currently going through the California legislation to legalize and tax marijuana, boosting the economy and reducing drug cartel related violence,” the President responded with derision.

“There was one question that was voted on that ranked fairly high and that was whether legalizing marijuana would improve the economy and job creation, and I don’t know what this says about the online audience,” he laughed.

“The answer is no, I don’t think that [is] a good strategy.”

Obama’s cynical rebuff was short-sighted and disrespectful to a large percentage of his supporters. After all, was it not this very same “online audience” that donated heavily to Obama’s Presidential campaign and ultimately carried him to the White House?

Second, as I’ve written previously in The Hill and elsewhere, the overwhelming popularity of the marijuana law reform issue — as manifested in this and in similar forums — illustrates that there is a significant, vocal, and identifiable segment of our society that wants to see an end to America’s archaic and overly punitive marijuana laws.

The Obama administration should be embracing this constituency, not mocking it.

Third, will somebody please ask the President: “What is it that you think is so funny about the subject of marijuana law reform?”

Since 1965, police have arrested over 20 million Americans for violating marijuana laws, yet nearly 90 percent of teenagers say that pot is “very easy” or “fairly easy” to obtain. That’s funny?

According to this very administration, there is an unprecedented level of violence occurring at the Mexico/US border — much of which is allegedly caused by the trafficking of marijuana to the United States by drug cartels. America’s stringent enforcement of pot prohibition, which artificially inflates black market pot prices and ensures that only criminal enterprises will be involved in the production and sale of this commodity, is helping to fuel this violence. Wow, funny stuff!

Finally, two recent polls indicate that a strong majority of regional voters support ending marijuana prohibition and treating the drug’s sale, use, and distribution like alcohol. A February 2009 Zogby telephone poll reported that nearly six out of ten of voters on the west coast think that cannabis should be “taxed and legally regulated like alcohol and cigarettes.” A just-released California Field Poll reports similar results, finding that 58 percent of statewide voters believe that regulations for cannabis should be the same or less strict than those for alcohol.

Does the President really think that all of these voters are worthy of his ridicule?

Let the White House laugh for now, but the public knows that this issue is no laughing matter. This week alone, legislators in Illinois, Minnesota, and New Hampshire voted to legalize the use of marijuana for authorized individuals. Politicians in three additional states heard testimony this week in favor of eliminating criminal penalties for all adults who possess and use cannabis. And lawmakers in Massachusetts and California are now debating legally regulating marijuana outright.

The American public is ready and willing to engage in a serious and objective political debate regarding the merits of legalizing the use of cannabis by adults. And all over this nation, whether Capitol Hill wants to acknowledge it or not, they are engaging in this debate as we speak.

Sorry Obama, this time the joke’s on you.

For example, the most popular question in the category “Budget” is: “With over 1 out of 30 Americans controlled by the penal system, why not legalize, control, and tax marijuana to change the failed war on drugs into a money making, money saving boost to the economy?”

Similarly, under the topic “Financial Stability,” most asked question is: “Would you support the bill currently going through the California legislature to legalize and tax marijuana, boosting the economy and reducing drug cartel related violence?”

Marijuana-related questions also top the “Green Jobs and Energy” category, and are among the top vote-getters on the site overall.

According to website, President Obama will “answer some of the most popular submissions live at WhiteHouse.gov” on Thursday morning. That means that we only have a few more hours left to contact the White House.

Please take a moment right now to log on the WhiteHouse.gov/OpenForQuestions and vote for the questions above, as well as others pertaining to the need to regulate cannabis. Let the President know that millions of American voters believe that the time has come to tax and regulate marijuana. Help us send The White House a message our elected leaders can’t ignore.