The Retirement Systems of Alabama (RSA) is advocating for the legalization of marijuana and sports gambling, according to its most recent newsletter.
Under the heading “LEGALIZE IT!” RSA lays out its case in the January edition of The Advisor for making those activities lawful in Alabama and taxing the proceeds.
RSA writes:
We all have our vices. For some, it’s a nightcap; for others it’s betting on sports while puffing on a joint. In what feels like a long time coming, American states are moving toward legalizing the latter. Ten states and Washington, D.C., have sanctioned medicinal and recreational marijuana use for those over age 21, and 33 more states allow medicinal use. Sports betting has been fully legalized in six states, with three more on the way, and 15 more with bills pending.
RSA is the public pension system for Alabama’s public school employees and state and local government employees. It has 358,000 members, according to the system’s website.
Tim Howe is an owner and editor of Yellowhammer News.
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