Sir Richard Branson believes that the ideal way for Spain to get out of its current morass of national debt, savage austerity cuts, and social turmoil would be to legalize and tax marijuana.
The billionaire founder of the Virgin Group suggested at the opening of the world’s largest cannabis museum in Barcelona on Wednesday that this policy “would help get the country back on its feet.”
Branson is a member of the Global Commission on Drug Policy, a body “which includes five ex-presidents and Kofi Annan, the former United Nations secretary general, and which concluded last year that the war on drugs had failed and called for experiments in decriminalisation.”
Other members of the commission includeformer U.S. Secretary of State George Shultz and former Brazilian President Fernando Henrique Cardoso.
Branson was invited to Barcelona to receive the Cannabis Culture Award 2012 on behalf of the commission and in recognition of its ground-breaking report. In his speech, his praised the nearby town of Rasquera, whose inhabitants voted to rent land to a Barcelona cannibis-growers’ society as part of an “anticrisis plan.”
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Richard Branson says Spain can solve its economic problems by legalizing marijuana
By Muriel Kane
Now that is some out of the box thinking about heterodox economics.