(12)...that no Federal funds appropriated to the Office of National Drug Control Policy shall be expended for any study or contract relating to the legalization (for a medical use or any other use) of a substance listed in schedule I of section 202 of the Controlled Substances Act (21 U.S.C. 812) and tak[ing] such actions as necessary to oppose any attempt to legalize the use of a substance (in any form) that-- (A) is listed in schedule I of section 202 of the Controlled Substances Act (21 U.S.C. 812); and (B) has not been approved for use for medical purposes by the Food and Drug Administration....It's part of the Reauthorization Act of 1998, or what I like to call the "Drug Prosecutors Full-Employment Act." What do we receive for the billions spent, lives ruined as a result of criminal convictions and violence on the street because market share is determined through violence instead of commercial methods? Well, some drugs that would otherwise be available are taken off the market. Even the strongest opponent can't deny it. Logically, the next question is what percentage of drugs are kept off the streets? The answer may surprise you, but, using the most optimistic estimates, after all the time, money and resources are expended, less than 5% of drugs are confiscated. Unfortunately for Lil Reese, his stash adds to the amount seized. But are the streets safer and are drugs removed from the hands of kids? No one can deny that the answer to that is a resounding "No." Follow @RobertWeinstein This article was written by an independent contributor, separate from TheStreet's regular news coverage.
Why Weed Isn't Legal and May Never Be
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts