Hemp is the far bigger economic issue hiding behind legal marijuana.
If the upcoming pot legalization ballot in California were decided by hemp farmers like George Washington and Thomas Jefferson, it would be no contest. For purely economic reasons, if you told the Constitutional Convention in 1787 that the nation they were founding would someday make hemp illegal, they would have laughed you out of the room.
If California legalizes pot, it will save the state millions in avoided legal and imprisonment costs, while raising it millions in taxes.
But with legal marijuana will come legal hemp. That will open up the Golden State to a multi-billion-dollar crop that has been a staple of human agriculture for thousands of years, and that could save the farms of thousands of American families.