
“The decriminalization of pot also stands to remove a funding source for police: property forfeitures from drug dealers. Such funding is ‘going up in smoke,’ The Wall Street Journal reports. Of the $6.5 billion in asset forfeitures in drug cases from 2002-2012, marijuana accounted for $1 billion, the Journal says, citing data from the U.S. Justice Department. And while most cash generated from drug-related property forfeitures goes to the law enforcement agency that made the bust, tax money from legal marijuana sales goes to state and local governments. Police may get only a share of that money, or none at all.”
Related posts:
For Norway, Oil at $50 Is Worse Than the Global Financial Crisis
State seizes 11-year-old, arrests his mother for defending medical marijuana
States Put Heat on Bitcoin
China Goes Gold Crazy. Why Now?
JPMorgan CEO: Target breach is a wake-up call
Provo couple to travel world using only virtual currency
New York May Require 'BitLicenses' For Bitcoin Companies
Obama executive order to kill 110-year-old Civilian Marksmanship Program
Homeland Security worker charged with soliciting kids on Facebook
Google: Gov. requests for user information up 120% over four years
Judge Gives '5 Second Probation' In Widow's $21M Tax Case
Government Now Tracking Millions of U.S. Cars
Angela Merkel denied access to her NSA file
Population trends cloud Europe's post-recession outlook
Navy’s experimental X-47B drone successfully lands on aircraft carrier