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The Economics of Pot Legalization

Thursday, 23 Aug 2012 | 4:39 PM ET

One argument made in defense of legalizing pot is an economic one: a boost in revenue from taxes, lower cost in fighting the war on drugs, and even a solution to the nation's energy problem. Kevin Sabet, former White House Advisor on drug policy, and freelance journalist Doug Fine, discuss the war on drugs in the U.S. and the economics involved.