Should Marijuana Be Legalized? Essay

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The purpose of this study is to examine the effects that the marijuana industry has had on the economies of the states which have legalized recreational marijuana use for consumers over the age of 21. Many predictions were made referring to the outcome of marijuana legalization, however, most predictions made did not foretell the actual outcome. The act of legalization in the state of Colorado has yielded many advantages in the field of marketing. With these advantages, however, come many disadvantages. This study will identify how marijuana legalization can affect the US market economy. This study will also identify the advantages and disadvantages of marijuana legalization on the state and federal levels. Marijuana Marketing: How Marijuana Legalization Can Affect a Market Economy A market economy is an economy in which decisions regarding investment, production, and distribution are based on market determined supply and demand. With marijuana, the supply is limitless because it grows from the Earth with only a little bit of sunlight and some water. So, in retrospect, if marijuana legalization has a high demand then it can be very beneficial to a market economy because marijuana has a limitless supply. There are countless other reasons why legalization positively affects our economies. “Marijuana is still illegal on the federal level which has led to conflicting state laws, restricting regulations, and endless problems for cash-only marijuana business owners and

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