Since some states have made the decision on legalizing marijuana we the people/the country have been able to detect possibilities of the benefits. As Colorado was the first state to legalize marijuana there was a lot of test but as written in Christopher Ingraham’s article “The legal marijuana industry in Colorado created more than 18,000 new full-time jobs”(Ingraham). This all happened just within the first year of legalization, so if every state legalized and had those outcomes there will be more jobs for people to take on. The more jobs the state has the higher the economy is in the state. Marijuana has generated $2.4 billion in economic activity, in Colorado, just within the first year of legalization. There are more possibilities of
October 13, 2004 to August 1, 2006--Served as lead on Law Enforcement outreach activities for the Department of Health Services (DHS), Medical Marijuana Program (MMP) responsibilities included collaborating with DHS information technology staff and overseeing the design, development and implementation of five, automated systems, the Medical Marijuana Identification Card (MMIC) and the web-based system which was created exclusively for use by law enforcement patrol officers and the public to identify qualified
The issue of marijuana enforcement was first addressed over one hundred years ago by the British Indian Hemp Drugs Commission. The commission concluded that cannabis prohibition was impractical, and that the best solution was to tax the drug to the greatest extent possible. This statement was released after years of failed attempts to prohibit marijuana, and successful attempts to generate revenue by taxing the crop. By analyzing myriads of research I was able to determine approximately how the economy would be affected on several different issues. Some figures that would be affected are: employment, the demand for marijuana, taxation rates and potential government revenue, incarceration and enforcement costs, and social issues such as rehabilitation
Federal government has the power to control all the state local activities including the purely local that can have substantial effect on the interstate commerce. In the case of growing marijuana plant at home for personal consumption being for medical use, the federal government banning that marijuana sounds not right at first glance. The marijuana plants are grown within a state and the grower cultivates the plant for personal use and the situation sounds like no interstate commercial activities are involved or affected.
The patient is a 18 year old male who presented to the ED with depressive symptoms including: fatigue, tearfulness, weight loss, insomnia, irritability, and anhedonia. The patient denies suicidal ideations, homicidal ideations, and symptoms of psychosis. The patient reports obsessive cannabis use over several months.
There are many ways that marijuana would benefit the economy if legalized. An economy benefits when there is a healthy flow of monies within. This means internal spending by citizens on items of their choice. Citizen spending is what keeps the economy going. The use of citizen?s tax money would also be greatly affected. Tax money would be allocated more properly and used in more strategic ways. The taxation of items such as legalized marijuana brings a flow of money into the economy that would otherwise not be there. This increase of government funds would allocate more money to federal programs that are in financial need. Federal programs include public education, health education, treatment programs, etc. When the public?s way of
Many states have legalized cannabis, for example, Colorado has already seen many positive results. The economy has been in an upwards advantage with raising over ten million taxes from the retail sale of cannabis within the first four months. They will use the first forty million of the tax collection to better the public schools in the area as well as improving the youth campaigns about substance abuse. Marijuana had not only raised more money for the state is has also saved millions of dollar in a single year.
Beyond the economic growth through new jobs, taxes on marijuana will also provide the government tremendous revenue. With the legalization comes an increased demand for marijuana, which will allow the government to raise taxes. According to Jason Shubnell, “Colorado recently reported $2 million in tax revenue from recreational marijuana sales for the month of January.” Such a large sum of money collected in only a month of sale shows how profitable the legalization of marijuana in U.S. states would be. The possible heavy taxation, in combination with the economic gains from new jobs, is an adequate reason alone to legalize marijuana. Not only that, but the government will save a large amount of money because the amount of funding needed to hire police to enforce drug-related laws will no longer be as big of an expense. According to the Drug Policy Alliance, Washington state “is now
Lantern.com reports that the first day of the year, pot sales in Colorado were more than 1 million dollars and the tax rate was about 29 percent (Jackson). According to The Huffington Post, a state like Texas could double that amount (Jackson). A study from Cato Institute also revealed that legalizing marijuana would generate at least 8.7 million dollars in federal and state tax revenue annually (Jackson). If marijuana brings in millions of dollars we need to use this money for schools education and lunches. Not only could the government use that money for schools, but use that money for military and economic purposes. Marijuana can also open many jobs because of the dispensaries, and if there were a great quantity of dispensaries employment would rise. “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
For starters, the legalization of recreational use of marijuana would boost the economy. For the states that have already legalized weed, the tax collection surpassed expectations.
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
For a while now I have wanted to go to college and get a degree in botany. I gained this interest by exploring the varieties of plant life and falling in love with what they have to offer people. Specifically the cannabis plant, commonly known as marijuana, this plant has many benefits that have already been discovered. The medical aspects of marijuana have shown to treat many disorders and health issues including cancer.
Media outlets throughout the state are covering various efforts to convince Ohioans to vote for an Amendment to the Ohio Constitution to legalize marijuana in Ohio. The best publicized and financed of these efforts is by the cleverly named “ResponsibleOhio.” ResponsibleOhio has been touting a 13-page proposed Amendment to the Ohio Constitution that would legalize possession, use and sale of medical and recreational marijuana in Ohio. ResponsibleOhio almost certainly will have sufficient signatures of registered voters to place its proposed Amendment on the November 3, 2015 ballot.
"And this is only the first year. Expect to see even more revenue generated -- and more jobs created -- in the next few years.". With more evidence that can clearly show it would greatly help out in paying our debt off even to help with school closings. Legalization of marijuana would also help with unemployment, as the legal cannabis industry starts we could see a significant amount of jobs increase along with a booming amount of shops opening up this would allow for more business owners. These jobs are in addition to the medical cannabis jobs that were already in existence. There has been a vast literature development over the past twenty years examining the etiology and factors influencing marijuana. This shows there is a growing interest in the properties marijuana has to offer. Legalization is expected to greatly influence the monetary price people would have to pay to obtain marijuana. With the expected decline in price this is going to
Marijuana will increase Americans profits greatly. About half of all U.S legalized marijuana giving us true answers how it has benefitted. Legalizing marijuana gives us a big profit and giving people better jobs, Denver is a good test case. An article the Freedom Beat cited, “In February, 1938, Popular Mechanics called Hemp a 'Billion Dollar Crop.' It was the first time a money crop had a business potential to exceed a billion dollars if not more.” Legalize marijuana has and will boost the economy more and
In the current state of our society, there are many issues that have the ability to affect citizens on a daily basis. Some of these issues spark debates all the way up to presidential candidates, while others continue to hide in the shadows. A major issue in today’s society is the use of marijuana and other elicit drugs. Marijuana legalization has been a topic on many state house floors and senate meetings. Many states have legalized medical marijuana or some form of the two active ingredients: THC (tetrahydrocannabinol) or CBD (Cannabidiol). Few states have legalized recreational use, which allows citizens over 21 to purchase marijuana for personal use. I want to propose a study on the effects of recreational use of marijuana in the US and