Delaware 37th in economic outlook report: Business Now Report: Wed.4.19.17

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April 19, 2017
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Del.  37th in economic outlook  report

Delaware's economic outlook rose 14 places, according to an annual report from the American Legislative Exchange Council. However, the state ranks only 13 places above the bottom position.

 

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Our View:  Marijuana discussion begins
Good morning ,  
 
John Carney will be on hand today for a workshop on legislation that would legalize possession of small amounts of marijuana.
 
Carney has not taken a formal position on the bill that is expected to raise passions among supporters and opponents. There are indications the measure has the votes required for passage.
 
Foes will argue that too little is known about the effects of the drug on driving and society in general.  
 
The laboratory for marijuana use and its impact is Colorado,  which legalized the drug in 2013 and remains nervous about a crackdown from the Trump administration and conservative Attorney General Jeff Sessions.
 
Taxes from legal weed have provided a big boost to the Colorado treasury. The impact would not be as high in Delaware, which has a largely illegal weed industry that is estimated to be worth  less than $41 million total.
 
Backers will point to tax revenues and the growing sentiment for legalization. A poll last year indicated that  a majority of Delawareans are now in favor. 
 
Perhaps the most powerful argument against legalization at this time is the possibility that Delaware could become a marijuana mecca and cause headaches for law enforcement. 
 
Neighboring states are just getting around to legalizing medical marijuana, although more distant states in the region, Massachusetts, and Maine, recently went the legalization route. 
 
Your thoughts on this issue and others are always welcome. If you would like to subscribe to our free newsletter, click here. - Doug Rainey, Publisher
 
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