The states that have legalized marijuana have seen many benefits due to the increased cash inflow that has contributed too many things
Some might argue that his appreciation of marijuana had a negative influence on society while others might oppose to such argument. A major factor of his lifestyle was smoking marijuana. No one in history has a major association with smoking marijuana or “herb”, as the Rastafarians called it than Bob Marley. The number has risen in today's society, as an increasing amount of persons tends to smoke marijuana. Despite him being an icon for smoking marijuana, he was also a major supporter of the meditational, the spiritual and the healing abilities of marijuana.
1) INTRO: The Somme Campaign is a series of battles that took place along the Somme Valley in France between July 1st and November 19th 1916. It was the first major Anglo-French offensive on the Western Front. A lack of context has allowed it to become one of the most controversial battles in history due to the immense number of casualties that it caused over a small area of little strategic importance, however, the Somme was simply an episode – albeit an integral one - in the larger military continuum of a war of attrition.
Executing a controlled government sale of marijuana will lead to copious job opportunities for Canadians, thus raising the economy and leading to a more profitable country. According to a study done at the University of Ottawa “1.5 billion dollars is spent every year
Southern Maryland Relief Dispensary also stated that the prices for an ounce will lower over time. Do you know another economic advantage of medical marijuana? It creates more jobs. This industry could provide many, many, many new direct and indirect jobs. Another advantage is that it could provide hundreds of millions of dollars in the economy.
In the state of Colorado in the U.S marijuana is completely legal for both casual and medical use. Many had speculations over if the experiment of legalizing the drug in a state would be a success, the doubters were proved wrong as it has been a huge success especially from the economic point of view. In 2014, retail cannabis sales raised some $76 million in tax revenue and fees, according to data compiled by the Colorado Department of Revenue (ARMENTANO, 2015). Marijuana sales in the past year totaled some $700 million (ARMENTANO, 2015). If marijuana was not legalized this revenue would have gone to the black market where most of the marijuana was being sold, but instead can be used to stimulate the economy and raise tax dollars.
Many people believe the legalization of medical cannabis will bring many jobs and economic opportunities. Although several job openings come with the legalization of this substance the hole that is punched in the economy counteracts the effect. As I explained before the legalization of medical cannabis increases state taxes by 30%. Counteracting the possible job openings that medical cannabis could bring. Some people may also say that medical cannabis is the only way to treat many terminal diseases such as cancer and epilepsy.
The legalization of marijuana in the United States has created a large impact on the economy. Ever since marijuana’s introduction to the U.S in 1611, there has been controversy over use and legalization of the drug. While few selective states currently allow marijuana production and distribution, the remaining states still question the harmlessness and usefulness of this particular drug; therefore, it remains illegal in the majority of the nation. The states who first started the movement towards legalization included Colorado, Oregon, and Washington. Marijuana dispensaries were set in place as stores for people to go and buy marijuana, almost acting like a grocery store but for pot.
Marijuana prohibition has left the cannabis market unregulated and allows for dealers to inflate the price, charging a risk premium, due to the illegal nature of the good. Furthermore, that the sale of marijuana is illegal is a barrier to entry — economic principles tell us barriers to entry give way to monopolistic markets. Simply put, because of the risk dealers take in selling illicit goods and the fact there is little competition (due to high barriers to entry) they can charge high prices and thus reap sizable profits. By allowing for the legal sale of marijuana, the government can siphon profits from sellers and pocket it as tax revenue — assuming that an effective tax system is implemented. This is an important detail as if prices fall, extra tax revenues would not be realized, defeating a core purpose for legalizing cannabis.
Another benefit from the legalization of marijuana would be the money going towards the government, instead of having it be sold illegally like it is now. The tobacco market makes 15.5 million dollars for the government every year. With the legalization of marijuana, if we spread it on a basis like tobacco, could bring in the same, or an even larger revenue to the government. Most of the money used to buy marijuana today, is all done illegally, and if legalized could make a huge difference in crime levels also. According to American Civil Liberties
Marijuana legalization, both recreational and medical, may positively impact the United States economy because of the taxes placed on the plant in several states, and instead of taxing the population, the government receives great revenue. The Marijuana Legalization and Taxes: Lessons for Other States from Colorado and Washington report by Tax Foundation describes the key findings of tax effects, Colorado and its effects tax rate totaling 29 percent, a projection of taxes in Colorado likely to exceed $140 million a year, Washington imposing a 37 percent excise tax, and many more statistics backing up the benefits of certain taxes and legalizations. The legalization of marijuana in present day clearly shows that the economy of the states where this “harmful” drug was legalized went straight up by a high percent in tax revenue. The United States must consider legalizing the drug across the country because not only will it raise the economy, it will also greatly reduce marijuana trafficking incarceration’s which proved to be a huge problem in the country. If the United States legalize marijuana, the crime rates and incarcerations will definitely
Legalization of Marijuana The benefits from the legalization of marijuana could benefit consumers, owners of dispensaries, and the government. Advocates of medical marijuana believe it should be covered like any other drug. Marijuana could help people get what they need at a cheaper price because a joint may only cost you $2 or $3. As far as paying for it, it could take the price of other medications that group benefits would pay for (Paterson 3-4).
Legalizing marijuana can benefit America in many ways, such as preventing crimes, helping with medical issues, and earning more tax money.
Marijuana was first largely recognized in the 1960’s where hippies were the main users. As time goes on, marijuana is being used more by youth and less by adults. Prime Minister Justin Trudeau is said to be legalizing the product in the upcoming months, and it would provide huge benefits to society. One of the first benefits would be the societal point of view of marijuana. It would not be a threat to society, and yet a substance that could help our society.
Other benefits from legalizing recreational use of marijuana is it would be easier for patients who have struggled with the permissible doctor's prescription they have had troubled receiving. Legalizing marijuana would be a safer environment from those underground marijuana “dealers” in which now buyers could be ensured that what they are purchasing is safe from the government's legalized sellers. Those patients which have a government-issued ID card can be excused from paying the state sales tax if recreational marijuana use became legal in all
