Legalizing Marijuana Benefits

Illegal drug sales/trafficking is one of the greatest sources of income for organized crime, and will continue to be so as long as they remain in control of the drug market. By legalizing and regulating the sale of marijuana, this income stream for organized crime would be heavily impacted. Criminals rely on the massive profits produced by the low supply/high demand trend that is currently seen in the drug black market. Once legalized, there will be plenty of legal producers and suppliers, which would result in the price per unit of marijuana to dip significantly. Since legal suppliers will most likely have the resources to produce better quality product with better prices, the black market producers may not be able to compete.

Marijuana is a naturally grown plant that has beneficial properties and the ability to create textiles, paper products, and other goods. Marijuana is currently illegal in many states in the United States. The legalization of Marijuana will produce enormous tax revenue, reduce crime, give us a renewable resource, and give sick and suffering patients a new effective medicine. The legalization of Marijuana in the United States would both benefit the well-being of its citizens as well the economy.

To begin with, legalizing marijuana will have a positive influence on reducing crimes. Many people are convicted of crime for using marijuana. According to Brennan (2014), as referenced

One of the main benefits that is obvious from legalization would be an increase in safe legal use of marijuana, instead of buying from sketchy dealers or in shady situations. Having a steady, regulated, and legal supply of weed at dispensaries increases the supply in the market, and by doing so would help increase demand for legal safe weed. This is a simple principle of supply and demand we can attach to the idea of weed legalization (Pic. 1). We saw a huge increase in supply during the first year or so in Colorado due to it becoming a major commodity according to Julie Verhage of Bloomberg (2015). When the market opened up for serious business to jump in on the already high demand the market exploded and prices plummeted on driving demand

As shops for recreational and medical Marijuana open, more purchases of the product will be made which impacts the tax revenue. An example would be Colorado (a state that legalizes Marijuana) where “In 2015, Colorado collected more than $135 million in taxes and fee on medical and recreational marijuana” (Krishna, 2017). Arcview Market Research also predicts that “Sales in North America grew 30%, to $6.7 billion, in 2016, and is projected to increase to $20.1 billion by 2021”. The legalization of Marijuana will also provide many job opportunities since a variety of different jobs will be needed that relate to Marijuana. Investopedia.Com states “A RCG Economics and Marijuana Policy Group study on Nevada says that legalizing recreational marijuana in the state could support over 41,000 jobs till 2024 and generate over $1.7 billion in labor income. The ICF study estimates at least 81,000 additional direct, indirect, and induced jobs in California as a result of legalized marijuana sales. It also projects an increase in total labor income by at least $3.5 billion”. Another way legalizing Marijuana would impact the economy positively is that the government can save money spent on enforcing the law of Marijuana being illegal. Huffington post states “Inmates incarcerated on marijuana-related charges cost U.S. prisons $1 billion annually, according to a 2007 study, AlterNet reports.” and “The government would save an estimated $13.7 billion on prohibition enforcement costs and tax revenue by legalizing marijuana”.This low risk substance saves the economy a lot of money and support it

and at the U.S.-Mexico border, are greatly increased due to illegal selling and buying of marijuana. Drug disputes would also decrease tremendously, because when buying drugs in the streets if something goes wrong you can not call the athourittes or call a lawyer, you must take action and to your own hands and settle the dispute which increases the chances of worst crimes happening like murder. Legalization would logically end the need for such criminal behavior. Without the demand for the drug there would be no supply. The U.S. is one of the top consumers of marijuana. In a serve done in 2014, forty four percent of American adults admitted to using marijuana on a regular basis. Mexico is our number one supplier because of our touching borders. The mexican cartel is losing millions of dollars as a cause of the legalization of marijuana. The percentage of marijuana that is smuggled over to the U.S. has dropped by 13-14 percent. And the legalization is affecting all the way to the root. The farmers that grow the marijuana say that the price at which the cartel would buy from them has dropped by as much as fifty

According to the White House 's website with the act of legalizing marijuana will not affect the crime rates in the United States. The DEA reports that in 2011 they made 8,501 arrests and the seizure in excess of 42.1 million dollars of cultivator assets all from cannabis growing. This statistic is for all 50 states for busts of outdoor growing facilities. The White House states that Marijuana‐possession arrests under current laws in 2008 totaled

The economic impact of a legalized marijuana industry is often overstated by casual advocates. Some even make a ludicrous suggestion that it would pay off the national debt. Legal marijuana, just like any other solution alone, can’t fix our national debt. It was $16.4 trillion when it reached the debt ceiling on December 31, 2012. Nevertheless, there clearly are no perfect forecasts for determining the potential economic impact from the legal marijuana industry in the future. However, according to the available data, approximately 1 in every 10 Americans smokes marijuana at least once a year. Among them, about 24 million Americans smoke marijuana on a regular basis. CNBC offered a moderate estimate that a fully legal marijuana industry would generate $16-20 billion a year in taxes and $40 billion a year in sales. Clearly legal marijuana wouldn’t be the economic miracle as some people expect it to be, but it still represents a massive economic impact. As the former Senator Everett Dirksen reportedly once said, “A billion here, a billion there, and pretty soon you’re talking real money.”

In the article “ Economic Benefits of Marijuana Legalization,” Abbas P. Grammy argues that government will legalize marijuana to the result from economic benefits of marijuana legalization. The author claims that legalization of marijuana reduces the risk- premium on the production and consumption, it also has an effect on marijuana’s supply and demand. After legalized marijuana, there will have two periods of demand. The first period is a sharp increase of the marijuana demand, but it won’t take a long period. The second period of demand of marijuana may be a long- term, but the number of the consumer may gradually reduce. Grammy refers about Jeffrey Miron, Miron reports that there are many economists advocate legalized marijuana due

Cannabis or marijuana prohibition has a grossly negative effect on the economy. This impact continues to weigh heavily on the justice system. Not only does the prohibition require enforcement, processing and incarcerations which generates millions in costs to the government, it also causes millions of missed revenues because of its illegal status.

Marijuana legalization can help the economy grow and get better. Marijuana can help the economy by the money it would make from being taxed and can also be regulated like alcohol and tobacco products. Revenue from taxation on marijuana could reach up to $8.7 billion a year if it is taxed the same way as alcohol and tobacco (Drug Policy Alliance). Another form of marijuana that is also illegal is hemp which has a lower THC which is the cause of marijuana's effects but what hemp is more useful for is its fibers which can be used in rope and textiles (Hemp). This shows marijuana’s economic benefits by showing the possible revenue the U.S. could make from taxing marijuana. It also shows how legalizing another kind of marijuana plant, hemp,

Marijuana is a drug that is spreading all around the world and is now proven to be one of the most beneficial drug out there. United State should legalized marijuana because it would help with the economy growth, decrease crime rate and useful for medicine.

Marijuana is a drug that can be intaked many ways especially smoking. Marijuana is a plant that when you smoke it ,your senses are upped and you are usually in a state of pleasure. Marijuana is a drug that should be legal in all states because of the success rates and pleasure.

I think why they should not legalize marijuana (weed,pot,cannabis,hemp) because it is bad and it can cause people to get into car accidents. It could also cause someone who is unstable to hurt other people while on marijuana or while they are high. They could do an overdose and get so sick that they could die , and there are other permanent effects from marijuana that could really hurt them. Marijuana is also addictive and is very or could be very hard to get off or quit smoking it. You could get infections like HIV and Hepatitis. You could also get mental disorders from it like comorbidity. Why i think that they should legalize it is because some people use it as a stress relief , for medical purposes , and also because they are able to know

In 2010 police made a marijuana related arrest every 37 seconds. Since 2001 over 8 million people have been arrested for Marijuana, yet there have been more deaths from vending machines falling on people. Marijuana should be legalized in the United States not only for medical use but recreational use aswell as it has many medical benefits, waste of tax payer money trying to fight it and a safer alternative to commonly used substances.