04 September 20XX
SUMMARY: Economic Analysis, LLC contracted with the bi-partisan Committee on Legislative Initiatives to provide an analysis of the economics of legalization of marijuana. This summary presents the highlights of our findings. With regards the question - Should the Committee on Legislative Initiatives recommend passage of Senate Bill 5786, “The Legalization of Marijuana Act of 2017” - the answer is “yes.” This conclusion is made based on our economic analysis alone. We make no moral judgments. Milton Friedman summarized this issue best. By his estimate the current system of criminalizing marijuana results in 10,000 homicides a ...