The Legalization And Regulation Of Marijuana

This paper will look at the benefits and drawbacks to legalizing marijuana by looking in at Colorado.The state made forty million dollars by taxed marijuana in 2014 alone, also Colorado saved countless millions because of the extremely lower amounts of marijuana arrest and court cases. It is not clear how having new recreational marijuana stores opening will affect the cannabis market, or businesses expanding around them. Gov. John Hickenlooper says that the economy is thriving with record setting numbers of tourists (73.1 million). 49 percent of those tourist said that legal marijuana influenced their decisions to vacation in Colorado. The ER’s in Colorado have also seen a rise in numbers of marijuana related cases and those cases in non-residents have almost doubled. An unexpected situation that arose from legal cannabis was the amount of electricity that is being use to grow the drug. Some cannabusinesses have to go green with solar or wind power. There are many varying views on the effects of legal marijuana have developed in Colorado since marijuana became legal in 2014.

In the United States, twenty-one states have no laws on legal marijuana use, even for medicinal marijuana. Another twenty-one have legalized marijuana for medical use only. As for the other eight, those states have legalized the use marijuana for medicinal and recreational. The states that have fully legalized marijuana have seen a boost in the economy due to taxes from marijuana sales. Along with helping the economy, marijuana is proven to provide medical aid for illnesses, such as cancer and Parkinson’s Disease. The legalization of marijuana for medicinal and recreational use will be a benefit to society.

Another man, a resident from Georgia, who suffers from anxiety and alcoholism decided to make his stay permanent after realizing the constant marijuana use was able to help him stop his bad drinking habit. Accompanied by his son from North Carolina, who has previously been an illegal recreational user, is happy that his habits can now continue guilt free. Another source reported that Colorado has welcomed 36,284 people who have migrated from within the US in 2013 (source). That is 8,000 more people than 2012 due to the “go West” mentality of marijuana enthusiasts (source). If Colorado’s predictions are correct, they will receive an extra $100 million in revenue due to marijuana sales (Dickinson & Haglage). This money can be used for beautification, safety improvements, schooling resources and many other positive things that will make living in Colorado even more appealing.

There has been major news forming around the legalization of marijuana in Colorado. Medical marijuana has been effective in Colorado since 2000. Now marijuana is legal for recreational use for people 21 and up. Many rules and regulations follow the legalization of marijuana. Many people of Colorado fear this legalization, where others are totally for it and think it will help boost Colorado’s economy. I have found many

Colorado is one of the first two states in the U.S. to legalize marijuana. The legalization indicated a momentous shift in drug policy in the state, and nationally as well, since the federal government has yet to seek to override Colorado’s violation of federal drug policy. Beforehand, there were many predictions made on the economic and social impacts of the legalization if it occurred, and to date, many have not come true. Of course, with such a small data set to work with, and only a couple years of information so far, it is unwise to make broad generalizations about the effects of the drug being legal, as enjoyable as making those assertions may be for some people. Nonetheless, some data is in, and these paint a preliminary picture of post-legalization Colorado.

There has been major news forming around the legalization of marijuana in Colorado. Medical marijuana has been effective in Colorado since 2000. Now marijuana is legal for recreational use for people 21 and up. Many rules and regulations follow the legalization of marijuana. Many people of Colorado fear this legalization, where others are totally for it and think it will help boost Colorado’s economy. I have found many positives and negatives regarding the legalization of marijuana.

Legalizing marijuana would make the drug easily accessible, which could potential lead to abuse and potential health effects in adolescence and adults that abuse the drug. This law could potentially increase crimes and the number of arrests for driving under the influence of drugs, which puts the safety of our citizens at risk. States should consider their options in order to fight legalizing of marijuana in their states. This paper provides some concepts around the impacts a state could incur and encourages the state to look beyond dollars earned and to ensure the state understands some of the impacts associated such as higher accidents and fatalities, increased criminal activity and a higher number homeless people. This could be solved by maintaining the federal regulations on controlled substances by the federal government. It is encouraged that the state careful consider if this is a viable option for the state and consider enhancing the policies around medicinal marijuana

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

November,8, 2016 the ballots were dispersed and votes were submitted. Question four on the ballot was known as the “The Regulation and Taxation of Marijuana Act.” The numbers came in and beginning December 15, 2016 in Massachusetts, individuals above the age of twenty-one will now be able to legally purchase, possess, cultivate, and use marijuana, with limitations on quantity, for recreational and medicinal use under the statutes of the state laws. While the prohibition of marijuana in Massachusetts has ended, many new movements must now begin to maintain, regulate, and pursue a positive outcome. With other states that have already passed such laws, such as Colorado, Massachusetts will begin to piggyback off their models. Developing a system that will hopefully come to fruition of all the possibilities and benefits this new law has promised.

The legalization of marijuana is an issue that has divided many Americans. While some Americans call for its legalization, others are set on keeping the drug illegal. Recently, however, there have been changes in public attitudes about marijuana and its legalization. This has led individual states to enact marijuana laws that create tensions with federal law. This paper will examine the recent events of legalizing marijuana for medical and recreational purposes, and the conflict between federal and state marijuana laws.

To explore the economic benefits of marijuana legalization we must first look at the amount of marijuana that is purchased by users. The White House Office of National Drug Policy reported that between 1988 and 1995, Americans spent about 7 billion dollars on the illegal substance, averaging about a billion dollars a year (Prislac, 2009). This means that annually there is a billion dollars out there that is subject to no sales tax. The national average for sales tax is 5%, so if you calculate the billion dollars being spent on marijuana, this means there is approximately 50 million dollars in sales tax that our government never gets

With the legalization there will be more jobs to help the lower class of all areas looking for work. For those who can not find work, they will be the people forced to relocate. Besides the financial aspects of it, marijuana provides a medical value. It has had a history of medical properties that date back to ancient times and still finds use today with modern medicine. Pot is also a safer drug when compared to its counterpart in tobacco or even alcohol. With marijuana legalization, it could lead to the reduction of poverty and destitution among poor cities.

“Legalizing and regulating marijuana could bring the nation's largest cash crop under the rule of law; this could create jobs and economic opportunities in the formal economy instead of the illegal market” (Marijuana Legalization and Regulation, 2014). For example in Colorado after legalizing marijuana, first year sales rained in at $63 million in tax revenues with an additional $13 million for licenses and fees. Marijuana is such a debatable topic and brings so much confusion amongst society. While debating if it should be legalized there are different models and methods used in the framework of the legislation in regards to this topic.

Just as there have been many cases of negative consequences for the legalization of marijuana…there have also been positive cases. Over the years, the marijuana industry has developed rapidly and generated thousands of new jobs. After the legalization of weed over 18,000 full-time jobs were created and added roughly 2.4 billion USD (US Dollars) to the state of Colorado’s economy. Colorado also accumulated over 10 million USD in taxes from retail sales in the first four months (“7 Ways Marijuana Legalization Has Already Benefited Colorado In Only 8

Legalize, control, and discourage is a way to fix the problem. Evident by Colorado and Washington, “the legalization of marijuana can stop most of these possession arrests” (Levine). After the first opening of the first retail marijuana stores on January 1, 2014, Colorado had decreased crime rates, decreased traffic fatalities and increase in economic output (DPA). Since 2010, the marijuana possession arrest have went down 84% since its legalization. The tactic of legalizing, controlling, and discouraging has been proposed by the Economist, a weekly news magazine, in the late 80’s.