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Economic benefits for legalization of marijuana essay
Economic benefits of marijuana
How does legalizing marijuana decrease crime
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The legalization of marijuana will also benefit the economy through its effects on other industries. For example, the results of a study indicated that legalization would lead to approximately a 4% increase in marijuana consumption, while beer, wine and spirits consumption would fall by 1%, 2% and almost 4%, respectively (Clements). The reason is the “Substitution Effect”. Marijuana and Alcohol have similar effects on the human body. Therefore, some people would substitute alcohol with Marijuana. This shows that although the use of marijuana would go up through the legalization of the drug, the use of other drugs such as alcohol would go down. There are approximately 88,000 deaths attributable to excessive alcohol use each year in the United …show more content…
Government reports indicated that marijuana laws costs Americans $41.8 billion annually. Part of this comes from the arrests alone. The Uniform Crime Reporting Program of the Federal Bureau of Investigation reports that marijuana arrests make up 5.54% of all arrests. The Bureau of Justice Statistics states that total criminal justice expenditures in the United States in 2004 were $193 billion. So marijuana arrests cost taxpayers $10.7 billion annually. The other big part is from the loss of taxes. The Office of Management and Budget reports that the diversion of $113 billion from the taxable economy into the illicit economy deprives taxpayers of $31.1 billion annually. These statistics are all on a national level, but it is obvious that legalizing marijuana in Pennsylvania would benefit the state and the nation as a whole. Since the national government wouldn’t have to spend its budget on enforcing these laws and could spend in more constructive areas such as education. Some state specific statistics come from California. Their marijuana crop is valued at 13.8 billion annually. Nearly double the value of their grape and vegetable crops combined. California could easily collect between $1.5 billion and $4 billion annually in additional tax revenue if they regulated it like alcohol and tobacco. There is also the concern of importing marijuana. The Office of National Drug Control Policy reports that …show more content…
That is more than the corn, wheat, cotton, hay, and rice industry combined. Estimates are that marijuana is the nation’s largest cash crop. Currently the supply chain for marijuana is very inefficient and dangerous. Marijuana has to go from the field to the wholesaler, to the retailers, to the parking lots where it is sold to individuals. That assumes that the marijuana didn’t have to cross a border or two. Throughout this chain there are no quality inspections, and no knowledge of where the product is coming from. It is worse when it has to cross borders; smugglers put their product in some of the most unsanitary conditions to sneak by border patrol. This would all stop if businesses could ship and sell marijuana through legitimate
Observe, then, that an increase in the use of some drugs as a result of legalization might actually result in a net decrease in the independent harms of drug and alcohol abuse taken together” (Husak 112). Being that alcohol is currently legal, there’s a 99.9% chance that it won’t change soon. Some drugs are banned, but, alcohol is still being sold in stores. Marijuana is a nonviolent drug, whereas alcohol promotes anger and pure violence. By legalizing marijuana and making drinking alcohol illegal, there’s a chance that violence will decrease.
Today’s economy is struggling and it is in dire need of relief. As of 2013, the United State’s debt was $17 trillion, and if marijuana were to be legalized than it would help raise more money. It could be taxed and distributed for consumption sold like alcohol and tobacco. Taxes on cigarettes amounted to more than $43.3 Billion in 2012 (RJReynolds). The legalization of marijuana could possibly one day make that money helping to reduce this nation's debt. But, as the United States continues to prohibit the use of marijuana, it will make the taxpayers pay more money each year on the illegal usage of the drug. The marijuana prohibition costs both state and federal governments more than $20 billion a year (CATO Institute). One drug policy could change how much it wastes on the prohibition but the government has done so. A study by the CATO institute showed that...
Illegality has increased illicit production. “Despite continuing increases in the amount of cannabis produced domestically, much of the marijuana available within the United States is foreign-produced. Mexican drug trafficking organizations (DTOs) have relocated many of their outdoor cannabis cultivation operations in Mexico from traditional growing areas to more remote locations in central and northern Mexico, primarily to reduce the risk of eradication and gain easier access to U.S. drug markets.” (Domestic Cannabis Assessment).... ...
Marijuana while illegal on a federal level has been legalized in 18 states and the District of Columbia for medical use and also for personal use for anyone over 21 in Washington and Colorado. 48% of Americans admit to using marijuana according to a 2013 survey conducted by Scientific America. With the change in public opinion concerning marijuana the need to understand the effect and consequences associated with its use are vitally important. What are the effects on the brain and the rest of the body? Does it matter when you start using marijuana? Also what is the effect marijuana use has on a person’s life, to include school, work, family and friends.
The legalization of marijuana has been a highly debated topic for many of years. Since the first president to the most recent, our nation’s leaders have consumed the plant known as weed. With such influential figures openly using this drug why is it so frowned upon? Marijuana is considered a gateway drug, a menace to society, and mentally harmful to its consumers. For some people weed brings a sense of anxiety, dizziness, or unsettling feeling. Like alcohol, tobacco or any other drug, those chemicals may not respond well with their body. For other people marijuana brings joy, a sense of relief, and takes the edge off of every day stress. For those who are associated with cannabis, purposes usually range from a relaxant, or cash crop, to more permissible uses such as medicine, and ingredient to make so many other materials. We now need to look at what would change if marijuana were legal. Benefits to the economy and agriculture, health issues, and crime rates are three areas worth looking at. Deliberating on the pros and cons of this plant we can get a better understanding for marijuana. From there it will be easier to make a clear consensus on what is best for the nation.
Marijuana is a drug that can be consumed by either smoking or eating; this drug is typically used for medicinal or recreational use, however, in the United States it is the most popular illegal drug used on a daily basis by many users. Under federal law marijuana is classified as a schedule one controlled substance, also in this category includes heroin, LSD, and PCP. Marijuana has many street names such as Pot, herb, weed, Mary Jane, grass, and reefer just to name a few. Marijuana is considered a gateway drug and may lead to potential use of other hardcore illicit drugs. American’s spend roughly 100 billion dollars worth of marijuana a year, which is about thirty-two million pounds of weed, annually. Regardless if marijuana is legal or illegal people are going to continue using it. Legalizing marijuana brings much controversy; there isn’t much research available on marijuana to prove whether it would be beneficial to legalize. However, the government makes it very difficult for researchers to investigate the affects marijuana would have on our society, because it is prohibited. If American’s were educated on the use of weed, they would understand it isn’t any more dangerous than consuming alcohol. Marijuana prohibition creates an illegal economy, allows easy access to youth, and is costly to tax payers.
...ent size of the illegal marijuana market, the Office of National Drug Control Policy estimates that $33 billion is made on marijuana consumption annually. This is based on a street price of $185 an ounce and an annual consumption of 180 million ounces sold (Bernasek).
With an estimated twenty-five million active marijuana smokers in America that consume nearly thirty-one million pounds of marijuana each year, we are missing out on extreme revenue that this country cannot afford to go without for much longer (Krulick). Specialized government funded programs such as Women, Infants, and Children (WIC) cost around $7 billion and are in danger of being defunded to save money (Whitehouse). Marijuana tax revenues exceed $6 billion and would help less fortunate women in need of assistance when they are raising a child. On the state level, Alabama has a projected profit of $8.9 million in tax revenues alone from marijuana sales (Miron). States could increase pay or set up better retirement for police, firefighters, teachers, or any other underpaid public service.
In the last fiscal year alone, marijuana brought 70 million dollars in tax revenue in the state of Colorado. Colorado was the first state to legalize marijuana recreationally in the fall of 2012, and since then three other states and the District of Columbia have legalized the plant. Based off of sales in states that have legalized marijuana recreationally, if all fifty states legalized marijuana, they would bring in a combined 3 billion dollars in tax revenue yearly. That much money from sales of the plant alone could help to stabilize the suffering economy. Moreover, the American Government would be able to control the plant and distribute it how ever they see fit. The economic growth marijuana legalization could bring to the United States outweighs any argument against
The Effects of Marijuana Marijuana is a mood altering or psychoactive drug that has many nicknames, such as pot, weed, ganja, sensi, herb, and. others. The. It is an ancient drug that dates back to hundreds of years to the Asia. Many cultures have used it during meditation, religious.
Thies, C. F., & Register, C. (1993). Decriminalization of marijuana and demand for alcohol, marijuana and cocaine. The Social Sciences Journal, 30(4), 385-399.
You will be in amazement at how long our government has despised such a great thing. Let’s begin with the US revenue gains that would occur from legalizing marijuana. Marijuana Offers Extreme US Revenue Boost in several Different Ways. Shouldn’t we want to collect revenue due to taxation other than criminalization? Marijuana is too expensive for our justice system and should instead be taxed to support beneficial government programs....
In conclusion The Legalization of Marijuana would benefit the U.S government and it would be more effective in controlling the drug usage. The prohibition of Marijuana has only been costing taxpayers billions of dollars every year and it hasn’t benefited the Economy. The Education and treatment would be the effective way to address Marijuana problems, whereas The Legalization of Marijuana would benefit and boost our economy especially during this economic recession; therefore the Legalization of Marijuana may be the beginning United States Economy re-form; due to the fact that Marijuana Legalization would help subsidize our Economy.
The legalization of marijuana will have a huge impact on the economics of the United States to the point that I feel that government will assist in the continuation of these companies. If it is passed in the government the selling of marijuana could generate millions of dollars in tax revenue. Colorado is the latest state that has approved the selling of marijuana for recreational use. This topic has been tossed around by the officials for years now. Legislators in Colorado have “consider excise and sales taxes on marijuana of up to 30 percent combined” (Frosch, 2013). With the rapidly growing market and marijuana industry rules and regulations had to be put into place. Even this tax charge needs to be implemented and enforced. “These taxes are set high enough to finance the administration of new laws, but not so high that customers are driven back to the black market” (Frosch, 2013). There are many financial benefits as a state can help pay for the enforcement and other fundamental issues. One bad thing about taxing so high is that you can simply crowd out the regulated market. It is important to find the right balan...
Last year, a total of $7 to $10 billion was used towards arresting and processing marijuana. The big picture here is that 90% of those arrests were just for possession. It is crazy that as a country we spend most of our time trying to stop the biggest drug in America when it is just wasting our money. There are fewer arrests for violent crimes than marijuana charges combined. These “violent crimes” consist of assault, rape, robbery, and murder.