This is largely because there are two major reasons for the legalization of marijuana i.e. medical grounds and the potential revenues it could bring to the government. The decriminalization of the use of the drug can be a major point of governmental revenue through taxation of the sale of the drug. Secondly, as evident through history, the value of the drug to the medical field outweighs the disadvantages of its potential abuse in addition to its significance to both the paper and clothing industries ("Legalizing Marijuana," n.d.). The decriminalization of the use of the drug will be of huge profit to the government because of the huge amounts related to the average price of the drug. Through this initiative, entrepreneurs are likely to begin their own operations because of the noticeable huge profits made in the marijuana...
Consequently, the supply of the drug on the streets will increase significantly resulting in an increase in government earnings through the taxation of the growing operations of marijuana sales. The extra profits generated by the risk-premium from the increase in operations of marijuana through legalization of the drug can be transferred to the government. Moreover, marijuana is less harmful and dangerous than some of the other drugs that are legalized such as alcohol and cigarettes. The medical benefits of the drug even outweigh those of many over-the-counter and prescription drugs. With the increase in health-related problems, the legalization and increase in use of marijuana could help in lessening health problems.
Marijuana Legalization Marijuana, also known as marihuana, is a drug that is taken from Cannabis sativa, a hemp plant. It is one of the most frequently used and popular drugs in the world along with caffeine, nicotine, and alcohol. The United States of America is one of the world's leading producers of marijuana where it is generally smoked and is also referred to as weed or reefer by the citizens ("marijuana"). Marijuana
The state currently spends a great deal of money on detaining people on marijuana related offenses. Legalization could help to free up some of these resources which could then be used on more important programs throughout the state. When examining the economic benefits of marijuana legalization it is important to weigh the social costs related to outlawing access to goods, because such restrictions create black markets. Black markets are associated
Legalization of Marijuana Marijuana is one of the most popular recreational drugs in the United States, exceeded in popularity by only alcohol and tobacco. Recent research reveals that "more than 70 million Americans have smoked marijuana at some point in their lives, and that 18-20 million have smoked during the last year (NORML, 1999)." According to R. Keith Stroup, Esq., the executive director of National Organization for the Reform of Marijuana Laws
However, someone sitting inside their own home smoking marijuana for pleasure is an important use in itself and one which should not be ignored. "Like sex, alcohol, or cigarettes, marijuana is one of life's little pleasures for some people," and although it can be a vice, the recreational uses are a definite reason for legalization (Messerli 2006). People should not be told what they should and should not enjoy;
" Moreover, instead of spending billions of dollars on fighting the war, the Mexican government could channel this money -- which is significant for the Mexican economy -- into meeting the population's social needs, thus decreasing the incentives for Mexico's youth to resort to crime. Prohibition of marijuana, one might even argue, is the lead cause of violence in Mexico. It is the prohibition that drives the drug market to the
That compared with 19% for alcohol and a secondary drug; 12% for alcohol alone; 3% for smoked cocaine; 2.4% for methamphetamines; and 2.3% for heroin (Abrams). It is estimated that by 2010 there will be 35 million teens in America (Levinson). This is a significant demographic to be concerned about. There would also be an increased chance of illicit drugs falling into the hands of children, just like cigarettes and
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