Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

January 7, 2018 | Record 60+% Support Legalizing Marijuana in Two Distinct Polls

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
A record high number of Americans support legalizing marijuana in two recent polls by Gallup and PEW.

In response to Jeff Sessions Foolishly Targets Pot: 3 Reasons Measure Can’t Work, one reader mocked a reference to a poll showing 64% approval for legalization.

The poll is very believable. In fact, there are two such polls, by reputable pollsters. The only groups not in favor of legalizing marijuana are aging “Neanderthals” and self-righteous Evangelicals.

Let take a look at a poll by Gallup and another by Pew.

Gallup – Record-High Support for Legalizing Marijuana Use in U.S.

Gallup Republican Support

Pew – 61% Support Legalization

Pew Partisan and Age Gaps

There is nothing unbelievable about either of the polls although clearly one or the other is wrong about Republicans in general. But Pew has some further believeable breakdowns.

“Among Republicans and Republican-leaning independents, those younger than 40 favor legalizing marijuana use, 62% to 38%. Republicans ages 40 to 64 are divided (48% say it should be legal, 49% illegal), while those 65 and older oppose marijuana legalization by more than two-to-one (67% to 30%). ”

“Sizable majorities of Democrats and Democratic leaners younger than 40 (79%) and 40 to 64 (70%) favor marijuana legalization. Older Democrats – those 65 and older – are more divided (50% favor legalization, 42% oppose it).”

The aging dinosaurs will soon be gone.

The support for legalizing marijuana is large and growing. Going against such strong public opinion is outright foolish.

And of course the entire was on drugs was a colossal waste of taxpayer money. They should legalize them all.

Mike “Mish” Shedlock

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

January 7th, 2018

Posted In: Mish Talk

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.