Should Marijuana be legal?

Marijuana prohibition cost tax payers billions of dollars a year to enforce, and accomplishes little or nothing beneficial in terms of economic benefit. Legalization of marijuana would not only save tax payers billions of dollars a year in unnecessary costs, but would jump start the economy to 100 billion dollars a year. Reports states that legalizing, taxing, and regulating marijuana would do wonders to reduce inflated budgets and generate new revenue streams. 

"[R]eplacing prohibition with a system of taxation and regulation [...] would save $7.7 billion per year in state and federal expenditures on prohibition enforcement and produce tax revenues of at least $2.4 billion annually if marijuana were taxed like most consumer goods," say the economists. "If, however, marijuana were taxed similarly to alcohol or tobacco, it might generate as much as $6.2 billion annually."