Word: samper
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Dates: during 1970-1979
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...king, some businessmen are high on the idea of giving Mary Jane, the outlaw princess, a legitimate spot on the economic throne. A small but influential cadre of Colombians are campaigning to make the growing of marijuana legal in their own country. The movement is headed by Ernesto Samper Pizano, president of the National Association of Financial Institutions (A.N.I.F.), a well-regarded think tank that has completed an eight-month study on the effects of legalization...
...Samper, a lawyer and economist, contends that if growing had been legal, Colombia last year could have saved the $120 million it spent on trying to stop it and also collected taxes of $168 million on the huge amount of pot, worth an estimated $1.4 billion wholesale, that was smuggled out of the country. Further, Samper calculates that the estimated 30,000 grower families get only 8% of the earnings of the trade; the rest goes to smugglers and middlemen, most of them North Americans. Legalization, says Samper, would both spread the pot wealth better and rid Colombia of much...
...Colombia's estimated 26,725-ton illegal crop is exported for American use, any plan to legalize the growing of marijuana in Colombia would be politically unwise unless consumption was first legalized in the U.S. This kind of joint venture seems highly unlikely in he near future, so Samper's entire plan may indeed go up in smoke...