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 with social costs because they assists in the perpetuation of that affects innocent citizens and communities. This violence takes place because gangs start to compete form markets and a natural outcome of black markets is a decrease in respect for established laws (Boyd). Additionally one aspect of the impact of the black market that is usually overlooked is the cost of production that dealers are able to lower (Boyd). Dealers on the black market do not have to adhere to labor laws and as such costs can be greatly reduced. Additionally, the author explains that Standard economic theory explains that taxation can be utilized as a tool to counterbalance some of the social costs associated with the black market (Boyd). Therefore as a result of legalization of marijuana the harmful impacts of the black market can be minimized (Boyd).
In addition the author explains that" there is no control on the quality of the cannabis sold in the black market. Its D-9-tetrahydrocannabinol (THC) content can vary in unpredictable ways, and minors can purchase it in the absence of age restrictions. The retail cannabis black market is also not separated from that for cocaine and heroin, so cannabis buyers may be offered other illicit substances (Hall & Lynskey)." Exposure to these other substances can be much more detrimental to youngsters than the ability to obtain marijuana legally. Any effort to keep marijuana illegal must take into consideration the aforementioned issues which can have grave consequences, particularly on the lives of young people.
Indeed the legalization of marijuana could benefit the economy as it pertains to the budget crises that many states are dealing with and in terms of social costs. On the one hand, the tax revenue realized from the legalization of marijuana could assist in offsetting the decrease in tax revenues. In addition legalization of marijuana could serve the purpose of decreasing the social costs associated with the presence of a black market. The black market for marijuana increases crime and disparity in certain communities. In addition the resources used to shut down the black market could be better used in the realms of education and assistance for those that are truly in need. With these things understood proponents of legalization believe that the legalization of marijuana could result in the development of communities that are safer and economies that are sustainable.
Still others argue that while marijuana has been prohibited thee has been a great deal of misinformation fed to the public concerning the health risks associated with marijuana. They argue that exaggerated claims about the adverse health effects of cannabis make young people skeptical about any health information they are presented with as it pertains to drugs (Hall and Lynskey). Those that support legalization of marijuana posit that when young people are told that the health related effect of marijuana use are as severe as those associated with heroin or cocaine, the benign experiences they have with marijuana may cause them to underestimate the more malignant health risks associated with the use of heroin and cocaine (Hall and Lynskey).
Lastly as it pertains to the arguments that support the legalization of marijuana, the medicinal benefits of marijuana must be discussed. Although some states, such as California allow people with a prescription to carry marijuana most states have no such provisions. In addition although the carrying of medical marijuana is permissible under state law in California, the possession of Marijuana is still a federal crime and can be treated as such. Hall and Lynskey report that laws against the distribution of marijuana prevent some individuals with chronic diseases such as cancer from having...
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