How legalizing weed would help the economy

Florida, Arkansas and North Dakota voted to allow medical marijuana while Arizona defeated that move. All told, more and more states are moving to legalize marijuana whether for medicinal or recreational use, or bothand the impact has already been tremendous. The legal changes have spawned a burgeoning industry of legal cannabis companies, including those which aim to research and develop cannabis-based medical products, those which are working to distribute and grow marijuana, and many others.

How legalizing weed would help the economy

Heck, Colorado has even been called a poster child for legal cannabis.

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Sales and Taxes The primary boost that people think of when it comes to legal marijuana is the boost in sales and taxes in those states. I wonder what that was due to.

How legalizing weed would help the economy

Saved Enforcement A hidden benefit that comes with legalizing marijuana is all of the costs saved in law enforcement and prosecution. Not only that, but it would severely reduce the prison population in the U.

How legalizing weed would help the economy

New Businesses and Growth By legalizing marijuana the government effectively creates a new industry. Marijuana has to be grown, processed, packaged, and sold.

Prison State.

Each stage of that process leads to new companies like us! Plus, the more products that are added onto the market pot brownies, cookies, etc.

By keeping it illegal the government pays billions of dollars on enforcement, and all of the money made on the sale is kept unregulated and untaxed. By legalizing marijuana it helps guarantee a safer product, and it allows people to purchase what they want, and to use it as responsible adults.

Yes... And no

And it can go a long way toward balancing the budget and increasing job growth.Legalizing marijuana on a federal level would provide economic benefits for the United States in the billions, precisely at a time when the federal economy needs a major boost.

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How legalizing pot could save America's economy Experts believe that over 1 billion dollars in revenue is accumulated annually because of the growth of this plant.

(note: ILLEGAL – here without papers) I, Tina Griego, journalist for the Denver Rocky Mountain News wrote a . The “Emerald Triangle” refers to an area that is located in Northern California.

Would legalizing marijuana help the economy? |

It grows and legally distributes cannabis in the state of California and has been doing so since the ‘60s. California Proposition 64, the California Marijuana Legalization Initiative, was on the November 8, , ballot in California as an initiated state regardbouddhiste.comters referred to the initiative as the Adult Use of Marijuana was approved.

When states legalize recreational marijuana, there's a surge in marijuana-related traffic fatalities and poisonings, especially among children.

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The Economic Benefits of Legalizing Weed | Investopedia