Legalization will cause a tremendous increase in marijuana use based on the experience elsewhere, the number of users will double or triple this means an additional 17 to 34 million young and. With legalization of retail marijuana in colorado, and the opening of dispensaries in january 2014, two key questions were how legalization would impact marijuana use and whether there would be an increase in adverse health events. Help other customers find trustworthy businesses and make good decisions medical marijuana and the economy: surprising benefits based on the figures out of colorado, however, it seems as though medical marijuana legalization can more than pull its own weight cutting costs by reducing fatalities moreover, there is evidence to suggest.
Could marijuana be the answer to the economic misery facing california democratic state assemblyman tom ammiano thinks so ammiano introduced legislation last month that would legalize pot and allow the state to regulate and tax its sale — a move that could mean billions of dollars for the cash-strapped state. Should marijuana become legal on a federal level, the benefits to the economy could be exceptional: a report from cannabis analytics company new frontier suggests that federally legal pot could. Advocates for legalizing recreational marijuana use in connecticut — and taxing its sales — are hoping a holistic, economic argument will win the day this year.
14 ways marijuana legalization could boost the economy two states became the first to legalize marijuana for recreational use tuesday, but it's not just users that may get a high as a result. According to the time magazine article “can marijuana help rescue california’s economy” by allison stateman, marijuana production is the most profitable “cash crop” in the state, producing $14 billion a year, trumping milk and dairy with revenues of only $73 billion per year. The economic benefits have helped states where marijuana has been legalized by funneling tax revenue from the sale of the drug to things like education and infrastructure the state of vermont.
The report shows that marijuana legalization-- replacing prohibition with a system of taxation and regulation -- would save $77 billion per year in state and federal expenditures on prohibition enforcement and produce tax revenues of at least $24 billion annually if marijuana were taxed like most consumer goods. Marijuana legalization is taking off, but with the new president in power, many advocates are leery about its prospect and its future however, many other states showed that they were in on it as more states embraced marijuana legalization during the november 2016 election. Cnbc’s harry smith joins the cycle to talk about how legalizing marijuana has boosted colorado’s economy and produced surprising results about marijuana use among teens. Legalizing marijuana would help the economy a lot while i do not support drug use, i know that if marijuana was taxed it would bring in a lot of money, simply due to the fact that the drug is very popular despite that, we can find other ways to save the economy posted by: alyssaa.
The economic impacts of marijuana legalization by: david g evans, esq, executive director, drug free projects coalition this is the first of a series of papers exploring the economic and social costs of legalizing marijuana. This makes american marijuana unique which could help destroy the illegal foreign drug trade in 2012, a study by the mexican competitiveness institute found that legalization would take market. California is the world's sixth largest economy, only outpaced by the us (as a whole), china, japan, germany, and the uk the golden state's economic output for 2015 came in at $246 trillion. Marijuana legalization measures have been appearing frequently in petitions and on ballots across the country and the world, but opinions vary currently 16 states and washington dc have made medical marijuana available to certain patients.
Two economic forces will act on the marijuana market when recreational use is legalized first, those currently involved in the marijuana trade require a higher return than the rest of the economy due to the high risk of imprisonment, confiscation of capital, and unenforceable contracts. The legalization of cannabis for medical and recreational purposes is having a positive impact on states’ economies in ways that go well beyond tax revenue. Legalizing marijuana use is a step in the right direction, but unless the production and sale of it and other drugs are legal and regulated, not much will change for those who pay the price for.