The Economic Impact Of Marijuana Legalization Essay

The legalization of the drug marijuana is a hot topic nowadays. Many people want this substance to be legalized and regularly available like cigarettes. But what some people do not know are the serious health risks involved when using marijuana. There is a lot more to marijuana than just smoking it.

The topic of legalizing recreational marijuana in the United States has been a very controversial one. States such as Colorado and Washington have gone on the offensive and have legalized recreational marijuana and have enjoyed the high revenues brought in from cannabis sale. On the other hand other states have kept low profiles because they are wary of the possible negative outcomes of legalizing recreational marijuana and are using the states of Colorado and Washington as guinea pigs to see what their next course of action on this controversial topic should be. This is not only a highly debated topic among politicians, but also by the people. According to a poll conducted by the Pew Research Center 52% of Americans

The legalization of marijuana will lead to a boost to the economy. With the United States being trillions in debt, an increase in tax money would be a big help to lower the national debt. Colorado, one of the first states to legalize marijuana for recreational and medicinal uses, is showing valuable data of an increase in tax money, “In 2015, Colorado collected more than $135 million in taxes and fees on medicinal and recreational marijuana. Sales totaled over $996 million” (Krishna, Mrinalini). Now, Colorado is joined by seven other states, Washington, Oregon, California, Alaska, Maine, Massachusetts, and Nevada, in the full legalization of marijuana. With these states joining with Colorado, the United States is seeing sales “[grow] by 30%, to 6.1 billion, in 2016 and a projected 20.1 billion in 2021” (Krishna, Mrinalini). With that in mind, these sales are shared among only eight states, add another forty-two states and the rates could surpass the trillions. Considering the evidence, the act of not legalizing marijuana would be foolish.

Growing up everyone is always told “drugs are bad for you” over and over. As children, we have no perspective and do not fully understand the use of drugs. Drugs are always around us, especially marijuana. It is the most commonly used drug in the world. As much as we are told not to use this substance or be around it, many have encountered it in some way before. Marijuana being illegal in most states does not stop people from using the substance. Since this illegal drug is still used no matter the situation why not benefit from it and legalize it throughout the United States? Marijuana could have a positive effect on America in relation to health and the economy.

Gwynne, Kristen. “Five Reasons Cops Want to Legalize Marijuana.” Rolling Stone. Wenner, Jane S., 27 June 2013. Web. 12 March 2014.

Medical marijuana, like alcohol, cigarettes and other drugs, is significantly taxed, which generates governmental funding. Although the state of Colorado has legalized recreational marijuana as well as for medical purposes, a Time magazine article in September of 2015 reported that the collected taxes for the drug, in the prior fiscal year, more than doubled expectations, fetching more than $70 million for public coffers (Basu, 2015). Additionally, the previously-expended public funds saved by no longer policing the possession and use of marijuana have freed government currency to be used elsewhere. According to the Colorado Center on Law and Policy, the decriminalization of marijuana saved the state between $12 million and $40 million in 2013 (Way, 2013) It is indisputable that the legalization of medical marijuana, coupled with the decriminalization of recreational marijuana, would produce an almost immediate significant economic advantage for public

With all of the complex issues facing the nation today, it seems as if the legalization of marijuana is being set on the back burner of legislation. There are so many opinions, sides, and overall arguments for and against it that many vote seeking politicians and policy makers have put up a strong resistance to this issue. In this paper I will illustrate the reasons why I think marijuana should indeed be legalized and also the arguments from people who disagree and feel that it should stay an illegal drug.

Marijuana or Cannabis is one of the bused drugs in America and the rest of the world. Interesting accumulating evidence show that the significant negative impact of this drug outweighs the positive effects. However, the medical benefits of the drug seem on the process of chemical compounds as compared to the drug itself. Medical debates show that chemical compound in marijuana are the problem as compared to the plant. The said chemical compound affects the mental and physical health of the persons abusing this drug. There have been traditional efforts to control the use of marijuana through legislation laws, (Crick, Haase, & Bewley-Taylor, 2013). However, in the recent past the efforts and the laws are being lifted to relax the implementation of the same legislations and the population is responding fast in accepting the legalization of the use of marijuana. The aim of this paper is to discuss how lifting on the laws of the said drug indicate adverse tolerance of Cannabis among populations. The paper will also discuss impact of legalization marijuana on the safety, security and overall quality of human life. Also, the paper will analyses the effect of relaxation of the laws controlling this drug to other hard core drugs such as cocaine, heroin and meth-amphetamines among others.

Policy Relevance: The researchers used detailed administrative data on Washington state recreational marijuana sales, which became legal in July of 2014. Data found that marijuana retailers spread across the Washington-Oregon border suffered a 41% drop in marijuana sales as a result of the new recreational marijuana market in Oregon (Hansen, Miller, Weber, 2017). Washington also borders Idaho and Canada, but these places did not have the same decline as

After so many years, America still finds itself fighting a well-known and highly demonized "enemy". The enemy is not terrorism. It's an "enemy" that many Americans have dealt with face to face. This enemy is illegal drugs, marijuana in particular. Marijuana is the most widely used and criminalized drug in the United States. This highly sought after resource yields a black market price tag that creates a street economy all its' own. This is Marijuana by itself, it and all the other illegal drugs together combine to form the third largest economy in the world. This is because the demand for illegal drugs is so high. There can be benefits to a legalized drug trade that is certain. The following paper will defend that some uses of

Troy Detant, CEO of ArcView predicts in 2018 the U.S. legal pot market will be worth 10 billion dollars as states come on board. With many people familiar with marijuana and can be easily attracted and become a loyal customer to the businesses, I believe the Colorado Pot Industry is in the growth stage. The competition seems to be low with entrepreneurs filling in the gap of the necessities of the drug. Some are selling exclusive plants, rare medical plants, drinks, and edibles. With the many different ways of using marijuana the rivalry tends to be relatively low. The demand is increasing rapidly that some companies such as “Incredibles Edibles” shipping out 40,000 candy bars a month. They go through small portion of 500 pounds a month of marijuana and can’t keep up with the high demand of their

Legalization of marijuana is one of the most controversial topics in American society today. Surveys done by the US Government’s Substance Abuse and Mental Health Data Archive showed that 95 million Americans have used marijuana. There are two opposing sides that have strong stances on whether it should become legal or should remain illegal. We have one side that is anti-marijuana and the other is pro-marijuana. Each side provides valid and strong arguments supporting their views. The purpose of this paper is to carefully examine each opposing side and try to find some way to come to a compromise.

Marijuana, also known as Cannabis is the third most well-liked recreational drug, which only falls behind alcohol and tobacco, in the United States (The Whitehouse, n.d.). Marijuana is made up of dried leaves, plants, stalks, and pits from the hemp plant Cannabis Sativa, which comprises of the mind-altering compound delta-9-tetrahydrocannabinol (THC), in addition to other associated compounds. This plant substance can correspondingly be converged in a resin called hashish or an adhesive black fluid called hash oil. Efforts to legalize marijuana for medication treatment and recreational use in the United States have grown in current years. The Food and Drug Administration (FDA) states that marijuana may perhaps

There is no feasible way to completely abolish drug use in the United States. As with Prohibition of Alcohol in the earlier part of this century, the fight against drugs has backfired. The United States is spending billions of dollars a year to fight a war, which over the last 60 years, has shown that it cannot be won. So let’s use a little reverse psychology on the subject. What would happen if marijuana or other illegal drugs were legalized?

A number of movements to legalize marijuana have been gaining attention lately. Currently there are 14 states where marijuana is legal for medical use (medicalmarijuana). 41% of U.S. citizens believe marijuana should be legalized (drugpolicy) but others are still concerned about health damage. American society has lost the war against marijuana, and that's okay. We should stop wasting time and money trying to reverse history and instead legalize both medical and recreational use of this mild narcotic widely seen as no more harmful than alcohol.