Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
The economic impact of marijuana legalization
Legalisiing marijuana
Legalisiing marijuana
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: The economic impact of marijuana legalization
Justin Burton Dr. Wayne Partridge English 1101 20 September 2015 “Pot crusaders’ mantra: It’s a business opportunity” In the article, “Pot crusaders’ mantra: It’s a business opportunity”, it is said marijuana is an illegal substance but the sales of it are in the billions each year. Medical and recreational sales in the states where it is legal are estimated in the billions according to Marijuana Business Media. All sorts and types of goods have been created because of the marijuana growing industry. There are many perks of making marijuana legal. It can greatly improve the economics of a state or country. Colorado has become a sort of “free market” for those who wish to make their fortune in marijuana. With vigorous front-end regulations …show more content…
Other states however, do not have such a lackadaisical stance on the growth and distribution of marijuana. Some states seem to be in competition of who can have the strictest laws. Illinois limits cultivation centers to 22, while Maine has a limit of only 8, specific only to non-profits. In New York, the limits are a meager 5, and states that though they can be either for-profit or non-profit, they can only manufacture medical marijuana which cannot be smoked. The National Organization for the Reform of Marijuana Laws, or NORML, believes some are trying to shift the public opinion of marijuana and want to alter their strategy to toward cultivating restrictions rather than total prohibition of marijuana use. Dispensaries have been controversial in Michigan; they were deemed illegal by the state supreme court, but some dispensaries remain in business in Detroit and other cities. There are nearly 100,000 registered patients …show more content…
This seems fitting since only female marijuana flowers produce cannabinoids responsible for the THC that marijuana smokers enjoy. Women are moving into the industry so fast that it could become the first billion-dollar industry that isn’t dominated by men. (24) Though the industry is still predominately male and employment statistics are somewhat hazy, the power and influence of women in the marijuana growing and distribution industry is definitely growing. In the past two or three years, marijuana legalization movements have been flowing through America’s states surprisingly fast. The article says that to date, 40 states and the District of Columbia have legalized marijuana use in some form or another, primarily for medicinal use. In four of those states and D.C., recreational marijuana use is allowed and anyone over 21 can purchase it. (26) Though the war on drugs is still being fought, it may be close to an end. “Breaking the Glass Ceiling” states that despite its illegal federal status, the marijuana business is one of the nation’s newest and fastest-growing industries. There were $2.7 billion in regulated weed nationwide revenue in 2014, up from $1.5 billion the year before. If this trend continues, in 2019 the marijuana sold in the states and
The series “High Profits” demonstrates the works and restrictions of the United States government regarding the issue of legalizing recreational marijuana. Breckenridge Cannabis Club business owners, Caitlin Mcguire and Brian Rogers, demonstrate both the struggles and profits of this up and coming industry. This series portrays virtually every viewpoint possible by including opinions from an array of political actors who discuss the influence of the government on this topic and the impact this topic has on the general public.
This legalization allowed anyone to smoke and possess up to an ounce of marijuana as long as you are over the age of 21. Colorado is not just making a difference for the people that need it medically but even a difference for the people that do not need it at all. Since they legalized the drug in Colorado, petty arrests have decreased from almost 6,000 yearly to 120 yearly. As an added bonus, Colorado made a profit of almost seventy million dollars in marijuana tax revenue . This money went towards improving schools and the community. The alcohol revenue earned grew and just under forty two million in the same year. 19.6 million will go to the education system for Colorado in comparison to the previous year when there was only 13.9 million going towards the education (Ryan). Not only did it create revenue for the community and school systems, it also created many open jobs for people of the area. It also helps provide information about medical marijuana and where it comes from .
Marijuana in America became a popular ingredient in many medicinal products and was openly sold in pharmacies in the late nineteenth century (“Busted-America’s War on Marijuana Timeline”). The National Institute of Drug Abuse defines marijuana as, “The dried leaves, flowers, stems, and seeds from the hemp plant Cannabis sativa, which contains the psychoactive (mind-altering) chemical delta-9-tetrahydrocannabinol (THC), as well as other related compounds” (“DrugFacts: Marijuana”). It was not until the Food and Drug act of 19...
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).... ...
Legalization or decriminalization of marijuana is opposed by a vast majority of American’s and people around the world. Leaders in Marijuana prevention, education, treatment, and law enforcement adamantly oppose the substance, as do many political leaders. However, pro-drug advocacy groups, who support the use of illegal drugs, are making headlines. They are influencing decision making thru legislation and having a significant impact on the national policy debate here in the United States and in other countries. The National Organization for the Reform of Marijuana Laws (NORML) is the oldest drug user lobby in the U.S.
Criminalization of cannabis causes a weakened economy due to taxpayers paying to financially support America’s inmates and all of the tax money available if marijuana was regularly taxed. Also, with lawful cannabis not available, crime rate and violence within city our streets continues to be an issue. Prohibition of cannabis in the United States sponsors extreme violence and corruption and fails to curb the availability to children ("Marijuana Legalization and Regulation”). With cannabis being criminalized, the United States is also losing the largest potential cash crop because of marijuana’s many uses and benefits.
There are benefits of legalizing marijuana, both for the government and society. One of these is that the marijuana market could be government run. The black market would be abolished, saving lives and redirecting the profits from the drug dealers’ Escalade’s new rims to the be...
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
Unlike a person who uses marijuana for medicine or entertainment, some people use marijuana as a means for income. Honestly marijuana sales is a very profitable business but the problem is that there is still a numerous amount of people who sell marijuana illegally. Usually with illegal sales of marijuana also comes other illegal activity. According to the DEA, “marijuana smuggling into the United States has occurred at consistently high levels over the past 10 years, primarily across the US–Mexico border, where more than a million kilograms of marijuana are seized annually.” With the availability of marijuana increasing there has also been an increase in use among young adults. The DEA also reports, “Use of the drug will likely continue to increase over the next decade; recent national-level studies indicate that use is most prevalent among young adults, with adolescent acceptance and illicit use increasing.”
People ask, “What good does legalizing Marijuana do? It is a drug for a reason.” Well, I, along with numerous others question, “What are those reasons? What good does keeping it illegal do?” One reason to legalize the “drug” is that it can save/earn the United States of America a great deal of money. “Nationwide, law enforcement officials made 1.5 million drug arrests in 2011, more than 40 perce...
Despite the 1976 ruling by the federal government that marijuana has “no acceptable medical use”, sixteen states have passed medical marijuana laws that allow for patient use o...
Marijuana is the third most common leisure drug in the United States after alcohol and tobacco. Millions of Americans smoke marijuana despite the strict laws against its use. Marijuana is less dangerous compared to tobacco or alcohol. Smoking marijuana can cause breathing problems and coughing just like cigarettes and some people get addicted after using for a while. Regulating and legalizing marijuana will bring Americas greatest cash crop under law, create economic opportunities and jobs in the formal economy as opposed to the underground market. Adopting a legally controlled market for marijuana will ensure that consumers buy the products from a safe and legal source. Marijuana has been approved in some states for medical uses to ease the effects of different health challenges. Colorado and Washington legalized m...
First of all, the consumption rate will increase dramatically, as consumer who didn’t use marijuana so far because they didn’t want to break the law might start using it.
Colorado is the latest state to approve the sale of marijuana for recreational use. This topic has been tossed around by the officials for years now. Legislators in Colorado have “considered 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.