Word: federales
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Legalization would also generate budgetary savings for state and federal governments, both by eliminating expenditures on enforcement and by allowing taxation of legalized sales. I recently estimated that the net impact would be a deficit reduction of about $20 billion per year, summed over all levels of government.
The ideal way to legalize marijuana is for the federal government to end its ban, while allowing each state to regulate and tax marijuana as it sees fit. This would circumvent the complicated constitutional issues that will arise if the California initiative passes, as federal law would still prohibit marijuana...
But California’s initiative is nevertheless a valuable step, since the federal government is not yet ready to legalize. The California bill brings attention to the issue and, if adopted, will encourage other states and the federal government to follow suit.
But in addition to the potential cutting of SEAS financial backing, some professors express concerns that federal support could dry up—a trend that affects some fields more than others.
Murray says the possibility that federal funding will stagnate presents a “real worry” for SEAS. Funding from NIH will continue to grow, but at a slowing rate, while funding from the National Science Foundation will also increase at a relatively slow pace, she says.