Wednesday, October 21, 2015

Make Kentucky a free market mecca

A new Gallup poll suggests support among American adults for marijuana legalization is close to sixty percent. In Kentucky, it is probably higher. Kentucky still has a great opportunity to lead on this front by declining to join states attempting to enrich public coffers with marijuana revenue.

Marijuana is food and should be taxed as such. In Kentucky, that means no sales tax. Kentucky needs freedom and real economic growth far more than it needs another direct revenue stream for state government. Dismantling the black market for marijuana in Kentucky would improve public safety beyond that which has happened in other marijuana states by eliminating demand for black market dealers. This real price competition would create a magnet drawing in people from all over the country.

Marijuana legalization and the creation of a real free market for its distribution remains a great political issue for those who lead the way in making it happen.