The literature review revealed that it is postulated that legalization of Marijuan would reduce costs of patrolling, controlling, arrests, trials and housing of felons in relation to illegal sales. It will also accrue savings and taxes for the government of the order of $10 billion to $14 billion per year (Miron, 2005). …
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On the other hand, the costs in terms of increase in crime rates, health and mortality rates due to increased addiction to Marijuana and other drugs, loss of quality of life and social and psychological affliction are immense. The paper concludes with the understanding that legalization should only be limited to medicinal purposes and not completely just as a total remedy for providing the US economy a boost.
Marijuana has a long legal history in the United States and has always been in the centre of controversies for a long time. The debate related to marijuana stems from the lawful use of marijuana for medicinal purposes or as a recreation drug. During the early 1900s, marijuana became a prohibited drug in many states of America (Deitch, 2003). According to Deitch, after the formation of the Uniform State Narcotic Drug Regulation, marijuana was put under prohibition in all the states of the United States of America. After the 1970s, there was a wide uproar to remove the prohibition on Marijuana and legalize the sale of medical marijuana. This attempt led to a widespread debate among the different factions about the legalization of marijuana. Legalization of Marijuana was a subject of additional controversy after it was argued that with if drug is made legal; the economy of a state could flourish because of the excise duty that would be imposed on it. This sparkled further debate with regard to marijuana as it is very difficult to understand whether the benefits of legalizing marijuana would be higher than the negative effects that this legalisation may bring about. Hence, the legalization of marijuana has become a very controversial topic in the United States of America. This has resulted in two different schools of thought, the pro marijuana legalization group and the anti marijuana legalization group. The group that favours the legalization of marijuana include the Physician’s Association for AIDS care and the National Cancer Foundation as it comes in very useful to help the terminally ill patients. The Drug Enforcement Agency and the police force are against the legalization for marijuana for they strongly believe that there would be an increase in the crime rate, once this drug is legalized. 1.2 Problem Statement Will legalizing Marijuana in the United States will benefit the economy and society? 1.3 Objectives of the Study The aim of this study is to understand the impact of legalization of marijuana from an economic perspective. In light of the controversial and debatable process of legalization, it is necessary to understand the different pros and cons of each side of argument. This study would explore all different aspects that
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It is evident from the study that the health risks primarily already create a cogent reason for the avoidance of marijuana, but the myriad social risks should be taken into consideration as well. While the benefits of marijuana cannot be discounted, these benefits pale in comparison to costs and drawbacks of prolonged marijuana use over time.
Marijuana is a drug that has an intoxicating effect. Smoking dried leaves and flowering tops of the pistillate hemp plant initiates the intoxication effect. In several instances, marijuana consumption helps in reduction of pain and the related condition. Marijuana consumption is currently illegal in several countries, including the United States.
The same way, something as vile and seemingly useless as cow dung is employed as a fertilizer, which is extremely useful in improving crop yield and soil fertility. This shows that if one is able to look past the negative characteristics of a substance, they can find several positive characteristics in it, which can then be used to their advantage.
The judgments on Marijuana throughout the 70’s were much more perfect than it is now. The support of Marijuana by 27 states, new therapeutic studies, and its results show that it is an illegal drug in the world. Therefore, the United States of America is planning to reorganize its legalization in the matter.
The White House along with the past and present presidents of the country has always had a strong stance against the legalization of Marijuana due to the perceived ill effect the Cannabis plant can have on the health of people. Regardless of the official position of the White House though, 16 out of the 50 states have already legalized the use of marijuana within their borders to hugely positive results.
Somehow, the government has failed to realize that there is a huge untapped market for employment and tax revenue in the Marijuana growth and sales industry. The naysayers believe that Marijuana should never be declared a legal substance because of its addictive effects.
According to the essay, the most abused illicit drug is marijuana with 14.6 million drug users. Marijuana has been around for centuries, and according to infoplease.com, there are records of the use of marijuana that go back as early as 2737 B.C, but the same article also states that the 1960s and 1970s marked the boom of marijuana use.
Legalization of the drug is based on its impact to the society and individual health. States such as Colorado have already legalized marijuana and started feeling the impacts. Legalization of marijuana leads to both positive and negative consequences.
The sale of legal
In the United States the cultivation, possession, transportation and sale of marijuana had been illegal until recently when economists, legislators and, started the push for legalization of the stuff claiming that legalizing it will be more beneficial than criminalizing it (Martel 90). The proponents argue that the marijuana is harmless.
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