57% of Americans Think Marijuana Should Be Legal

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By Douglas A. McIntyre Updated Published
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57% of Americans Think Marijuana Should Be Legal

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As state after state approves the use of marijuana for recreational reasons, in some measure to raise tax revenue, ever more Americans think its use is just fine. According to Pew, 57% of Americans believe marijuana use should be legal.

The Pew news is not all good for state legislators who favor legal marijuana, nor for consumers. Some 37% believe pot should be illegal. This likely varies by state, which means the path to legalization is not easy everywhere.

According to Pew:

The share of Americans who favor legalizing the use of marijuana continues to increase. Today, 57% of U.S. adults say the use of marijuana should be made legal, while 37% say it should be illegal. A decade ago, opinion on legalizing marijuana was nearly the reverse – just 32% favored legalization, while 60% were opposed.

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And the support has broadened across all age groups:

Young adults have disproportionately driven the shift toward public support of the drug, though support is rising among other generations as well. Millennials – those ages 18 to 35 in 2016 – are more than twice as likely to support legalization of marijuana as they were in 2006 (71% today, up from 34% in 2006), and are significantly more likely to support legalization than other generations.

Support for marijuana legalization has also increased among members of Generation X and Baby Boomers (ages 36-51 and 52-70 in 2016, respectively). More than half of Gen Xers (57%) support legalization, a considerable jump from just 21% in 1990. A majority of Boomers (56%) also support legalization, up from just 17% in 1990.

Marijuana makes money, at least for states. According to the Tax Foundation:

A mature marijuana industry could generate up to $28 billion in tax revenues for federal, state, and local governments, including $7 billion in federal revenue: $5.5 billion from business taxes and $1.5 billion from income and payroll taxes.

With public support, tax collectors may just get there.

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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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