Marijuana remains the fourth largest cash crop in America despite law enforcement spending an estimated $10 billion annually to pursue efforts to outlaw the plant. In many states, marijuana ranked as the top cash crop for farmers. United States marijuana growers harvested a minimum of 5.5 million pounds of saleable marijuana in 1997 worth $15.1 billion to growers and $25.2 billion on the retail market. Government crop yield estimates place the value of these 8.7 million harvested plants at approximately $26.3 billion to growers and a street value of $43.8 billion. The report based its findings on Drug Enforcement Administration marijuana eradication statistics, a survey of state police eradication results, and marijuana price reports published in High Times Magazine. NORML published previous reports documenting marijuana's national market value between 1982 and 1992.
Posted by phil at 20:01