The economic impact of legalizing marijuana essay

Regardless, there is big opportunity. This paper though, is not intended to give a history lesson, nor belittle our government on the seemingly senseless criminality of this naturally grown substance, though you may get a little of both; no, Its real intent is to simply explore the hypothetical economic benefits that this country would receive if the substance were to be legalized.

The topic even comes to the extent that citizens in some states feel so strongly about the issue that they decided to defy the federal government and enact their own laws, allowing for recreational use of the substance.

Bottom Line Though the industry certainly has good projections, those might soon dampen if Jeff Sessions rescinds the Cole Memo, which guides prosecutors on how to prioritize marijuana laws.

Now if this simple, single plant, that has been around for centuries, is causing an uproar to the magnitude of the prior mentioned instances, there must be some extremely good reasons as to why. Impact on Tax Revenue Better than expected sales of marijuana in Colorado and Washington over the past year have resulted in buoyant tax revenues.

Our great country has dominated the economic landscape of the globe for nearly two centuries. In case of states like California and Nevada where such infrastructure already exists, the economic impact is more quantifiable as the sector matures.

Marijuana is such a controversial issue in the United States that it is nearly a guaranteed topic of debate, at some point, in every major political campaign. These would not only create jobs but also set the ball rolling for economic activity in the pot industry in these areas. Florida, Arkansas and North Dakota voted to allow medical marijuana while Arizona defeated that move.

Colleges have seminar sessions that bring together our best and brightest young minds and academics together to discuss the matter.

Delivered twice a week, straight to your inbox. This prohibition though, is not of a man made creation in the form of a beverage, no, it is of a plant that grows naturally from this earth, like a tree, or a flower.

The Economic Benefits of Legalizing Weed

The ICF study estimates at least 81, additional direct, indirect and induced jobs in California as a result of legalized marijuana sales. Trading Center Want to learn how to invest? Get a free 10 week email series that will teach you how to start investing.

Income and Jobs Setting up marijuana nurseries and dispensaries would be the first step for the states that voted in favor of medical marijuana. Recently, however, we have found ourselves in tough times.

Thus making possession or the transfer of marijuana illegal for the first time in the history of this country, igniting one of the longest lasting and surely most expensive conflicts between citizens and our government.

That is the carrot that dangled before many states.Essay about The Positive Impact of Legalizing Marijuana. Positive Impact of Legalizing Marijuana For many years, the United States government has prohibited drugs. Professor Tyler.

Managerial Economics. 5 December Economic Impact of Legalizing Marijuana. In the United States of America there is currently a longstanding prohibition going on that surpasses the economic consequences that were present in the country’s first.

The economic impact of the legalization of marijuana covers many aspects of the economy. In Mark Osler's "U.S. Should Honor States' New Pot Laws -", Osler discusses the conflict that arises from a state passing a law that contradicts a federal law.

economic impact of legalizing marijuana essay  ECONOMIC IMPACT OF LEGALIZING MARIJUANA GWENDOLYN CARTER PRINCIPLES OF MACROECONOMICS 4/21/ The history of marijuana and how it became illegal is interesting.

Marijuana Policy Group marijuana economic impact model. This new model can help voters, policymakers, and regulators understand how marijuana legalization impacts the state economy in terms of output, tax revenues, GDP, and employment.

I INDUSTRY S. 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.

The economic impact of legalizing marijuana essay
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