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Decriminalization Of Marijuana Essay

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Cannabis or better known as Marijuana, is one of the oldest psychoactive elements used by man. Marijuana is also known as weed, pot, ganja, Maryjane, and countless other nicknames. A little history on marijuana is that it is made from the cannabis plant which can grow up to sixteen feet tall and likely originates in Central Asia. There are hundreds of compounds in Marijuana but tetrahydrocannabinol, or THC is believed to be the cause of it psychoactive effects. The “high” that people get comes from the THC binding to brain regions responsible for pleasure, time perception and pain. This plant was first brought to America in the 1800s used for medicinal purposes as an extract and which was popular during that time. But it soon was discovered by Mexican who began to smoke it and shortly after it fueled the marijuana prohibition and by the 1930s marijuana was banned in twenty-four states. By 1937 congress passed the Marijuana Tax Act, which effectively banned marijuana except for a few medicinal purposes. Fast forward to this present day and time and we will see how things have changed with Cannabis and this economy. To begin looking at the impact, price, and prevalence, if it were to be decriminalized, you would need to estimate how demand would be effected. With the legalization of marijuana and other substances like it not only changes the …show more content…

Marginal Social Cost is the total cost society pays to produce another unit or for taking further action in the economy. The marginal social cost of legalizing this drug will largely be determined by whether consumption experiences an increase after the marijuana has been legalized. This increase probably would be minimal or nonexistent, and if the theory remains true the marginal social cost would not be drastic since consumptions relatively remains constant. But marginal social cost brings about the issue of the effect of marijuana on

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