Can legalisation of Cannabis help US economy?

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Quote from: Juggy777 on September 07, 2020, 08:15:00 AM

According to former Senator Tom Daschle legalising Cannabis can partially solve US economy’s problems in the short term, and it can even help to stabilise the US economy in the long run.

The Senator has further claimed that Cannabis is an $16 billion dollar industry, and it has the potential to become a $75 billion industry in the long run.

Also he’s acknowledged the fact that Cannabis is approved in 40 states, and if it’s legalised in all the states then it could create much needed jobs, and even the government can benefit from the taxes levied on it’s sale.

Last in my opinion whoever wins the upcoming election will not approve this idea instantly, but what do you’ll think can legalising Cannabis can actually help the US economy in the short term?.

Source:

https://thehill.com/opinion/healthcare/515299-one-cure-for-an-ailing-american-economy-legalize-cannabis

Prohibition has proven to not work many times throughout history and in many cases creates a much wider disaster. We see the war on drugs has driven huge amounts of the most serious crimes in South America and it got worse every decade due to the battle over the lucrative drug trade. If it was legal and regulated, treated as a medical condition instead of a criminal act, then it would save so many lives - both of drug users and of all the people involved in the supply chain which has to operate underground. It would allow all the money to be legally taxed and potentially make drugs safer to consume. You're always going to have addicts, so better using education and intelligent approaches to warn people off than trying to banish it altogether.

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Improved relations between the public and the police are a rarely mentioned societal benefit of legalisation. Because of their fear of drug raids, many young people, in my experience, consider police as enemies. Legalization would eliminate the need for a significant percentage of otherwise law-abiding people who use recreational drugs to fear the police. This must be useful to society. If you merely have a medical ID, you can buy medicinal cannabis at some dispensaries in California, such as Kushagram Dispensary

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Quote from: BuNga_cute on November 11, 2020, 04:07:00 AM

I don't know if Cannabis demand in America are high or not, if the demand high it should be able to help the US economy.
But Cannabis is one of those dangerous to the health of the body if used in the long term, therefore in my opinion legalizing
Cannabis is not the best solution to help the American economy. Not because want to help the US economy, it is the American
population who is at a disadvantage, as we know there are many negative effects caused by Cannabis.

The same can be said about alcohol and yet it is legal, and that is because even when the US government tried to ban it at the end the will of the population won and they had to make it legal again in order to get taxes because the government was basically bankrupted, so I see a lot of similarities with what happened then and what is happening now, the US government does not have the resources to fight against the will of their people and as such they prefer to get some money out of it instead of spending money that they do not have.

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Quote from: Kavelj22 on November 16, 2020, 10:38:47 AM

Quote from: BuNga_cute on November 11, 2020, 04:07:00 AM

I don't know if Cannabis demand in America are high or not, if the demand high it should be able to help the US economy.
But Cannabis is one of those dangerous to the health of the body if used in the long term, therefore in my opinion legalizing
Cannabis is not the best solution to help the American economy. Not because want to help the US economy, it is the American
population who is at a disadvantage, as we know there are many negative effects caused by Cannabis.

Cannabis demand in any country is high and we all know that the criminalisation of cannabis didn't prevent people from using it either for medical purposes or for just having fun.

Legalisation of Cannabis becomes a wise policy to get control over the illegal traffic and to benefit from a big market with huge demand. I knew that some states already legalise it, so just compare their economic status before and after legalisation to see the impact.

I suppose one should look for the reasons why cannabis is prohibited in some states. The fact is that everything can be explained very simply, when the government prohibits something, then it illegally heads it. Legalizing cannabis and turning this "river" into a legal channel will do good to society and the entire state.

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Quote from: BuNga_cute on November 11, 2020, 04:07:00 AM

I don't know if Cannabis demand in America are high or not, if the demand high it should be able to help the US economy.
But Cannabis is one of those dangerous to the health of the body if used in the long term, therefore in my opinion legalizing
Cannabis is not the best solution to help the American economy. Not because want to help the US economy, it is the American
population who is at a disadvantage, as we know there are many negative effects caused by Cannabis.

Cannabis demand in any country is high and we all know that the criminalisation of cannabis didn't prevent people from using it either for medical purposes or for just having fun.

Legalisation of Cannabis becomes a wise policy to get control over the illegal traffic and to benefit from a big market with huge demand. I knew that some states already legalise it, so just compare their economic status before and after legalisation to see the impact.

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Quote from: uneng on November 15, 2020, 04:03:53 PM

This is the kind of idea which comes from people who want to destroy USA and see its demoralization and social collapse.
In no way legalization of cannabis will help anyone's economy. First because the *legal* cannabis will be more expensive than the *illegal* one, so the drug dealers will still exist and they will offer their product for a cheaper price. Second that with so many harmful effects to the brain, drugs users will need health assistance in the future, increasing the demand in health sector, what may force the government to spend more money on this sector to support these people. Third that by legalizing cannabis you are endorsing the usage of another drugs like crack (for the poorest ones), cocaine, heroine and so on... Increasement of homeless population may happen too.

Legalizing cannabis doesn't solve anything, it just creates another kinds of problems for the country.
And if you are still confident about how good this idea is, ask the enemies of USA to implement such thing on their country first, so we can have that as an practical example.

Everything is funny as long as it is happening to somebody else...

Agreed, legalizing cannabis doesn't gonna help with the economy upliftment of any country. As said when it is legalized for the medical needs automatically the market value for the same will be placed high, which will surely make people to go through illegal or other means to get it cheaper.

Few states have legalized the usage of cannabis. Maybe the revenue can be stabilized with legalized cannabis. People gets affected and for cure they go in search of retreat centers.

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This is the kind of idea which comes from people who want to destroy USA and see its demoralization and social collapse.
In no way legalization of cannabis will help anyone's economy. First because the *legal* cannabis will be more expensive than the *illegal* one, so the drug dealers will still exist and they will offer their product for a cheaper price. Second that with so many harmful effects to the brain, drugs users will need health assistance in the future, increasing the demand in health sector, what may force the government to spend more money on this sector to support these people. Third that by legalizing cannabis you are endorsing the usage of another drugs like crack (for the poorest ones), cocaine, heroine and so on... Increasement of homeless population may happen too.

Legalizing cannabis doesn't solve anything, it just creates another kinds of problems for the country.
And if you are still confident about how good this idea is, ask the enemies of USA to implement such thing on their country first, so we can have that as an practical example.

Everything is funny as long as it is happening to somebody else...

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Quote from: BuNga_cute on November 11, 2020, 04:07:00 AM

I don't know if Cannabis demand in America are high or not, if the demand high it should be able to help the US economy.
But Cannabis is one of those dangerous to the health of the body if used in the long term, therefore in my opinion legalizing
Cannabis is not the best solution to help the American economy. Not because want to help the US economy, it is the American
population who is at a disadvantage, as we know there are many negative effects caused by Cannabis.

Too much of things can be a disadvantage to the body and doing things to moderate is good for the body. I think legalizing cannabis won't help the US economy and on the adverse, it is going to affect the citizens since the country makes it an everybody business.

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Despite the money the government of US has used for the election that was just concluded that gave Joe Biden victory, caused a lot of money according to Donald Trump. I think with the things Donald Trump has put in place in the country can sustain the government till another person take over the seat in white house.

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Quote from: Febo on September 07, 2020, 01:38:29 PM

Quote from: Juggy777 on September 07, 2020, 08:15:00 AM

Also he’s acknowledged the fact that Cannabis is approved in 40 states, and if it’s legalised in all the states then it could create much needed jobs, and even the government can benefit from the taxes levied on it’s sale.

It is surprise to me that cannabis is a legal industry in 40 out of 50 USA states. It could take a decade to rebuild industry that was prohibited for over a century. But overall this cant be a saviour of USA economy. Many other much bigger things will have to go right for that.

How can legalizing Cannabis help 22 trillion $ USA economy. It can at best add a few billion dollars from here and there, not more than that. You can legalize it , if there are other benefits, but don't put economy as an excuse for legalizing it. The USA economy needs necessary reforms to put things in order.

It also needs a better trade deal with both China and India.

• U.S. goods and services trade with China totaled an estimated $634.8 billion in 2019.
Exports were $163.0 billion;
imports were $471.8 billion.
The U.S. goods and services trade deficit with China was $308.8 billion in 2019.

• U.S. goods and services trade with India totaled an estimated $146.1 billion in 2019.
Exports were $58.6 billion;
imports were $87.4 billion.
The U.S. goods and services trade deficit with India was $28.8 billion in 2019.

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Quote from: Vishnu.Reang on November 12, 2020, 12:14:14 AM

Quote from: iv4n on November 11, 2020, 08:59:30 AM

Vishnu.Reang thanks for explaining one of the facts about cannabis! Many people don't have a clue what cannabis actually is! Now I could talk about that for hours, but all the facts can be found on many places online, testimonies, videos, whatever you want, people just need to have a desire to learn.
I will just point out one fact, it's a plant! It's a seed that you plant in the ground and you get a beautiful product that can be used for many many things, and one of those things is pleasuring yourself and your mind!

Anyway, there is good news. This month voters in five states approved the use of marijuana - South Dakota, New Jersey, Montana, Arizona and Mississippi (only medical marijuana will be legal in MS). Also, voters in Oregon approved legalization of psilocybin (magic mushrooms) medical usage. It is good to see the voters approving these measures. No one gains anything by jailing hundreds of thousands of pot users, while those who kill tens of thousands with synthetic opioids spend their time vacationing in Maldives and Jamaica.

yeah exactly! it is high time to accept the fact that people need this legalisation a long time ago. and they are only spending money for these pot users. instead of spending money on them by jailing them, why not get money from them via tax. win-win situation for both parties. this legalisation will come a long way and we will see the effect in the next coming years.
am betting they will see positive results coming out of this, legalising both medical and recreational cannabis. MS will eventually legalise this recreational cannabis

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Quote from: iv4n on November 11, 2020, 08:59:30 AM

Vishnu.Reang thanks for explaining one of the facts about cannabis! Many people don't have a clue what cannabis actually is! Now I could talk about that for hours, but all the facts can be found on many places online, testimonies, videos, whatever you want, people just need to have a desire to learn.
I will just point out one fact, it's a plant! It's a seed that you plant in the ground and you get a beautiful product that can be used for many many things, and one of those things is pleasuring yourself and your mind!

Anyway, there is good news. This month voters in five states approved the use of marijuana - South Dakota, New Jersey, Montana, Arizona and Mississippi (only medical marijuana will be legal in MS). Also, voters in Oregon approved legalization of psilocybin (magic mushrooms) medical usage. It is good to see the voters approving these measures. No one gains anything by jailing hundreds of thousands of pot users, while those who kill tens of thousands with synthetic opioids spend their time vacationing in Maldives and Jamaica.

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Quote from: bitbunnny on November 11, 2020, 03:56:03 AM

Many countries are thinking to legalize cannabis, at least in certain forms, primarily for medical not economic reasons.
I don't think legalization and legislation would contribute to economy, especially not in country like US. To feel benefits on economy production and export should be very big and cannabis and cannabis related industry should become one of the top products and I don't think this will happen. The only who could benefit from cannabis legalization would be sick people who have troubles with illnesses where cannabis can bring them relief.

In order for such legalization to really help , we will have to raise the permitted THC content in such cannabis. If there will be only 0.2-0.5%, then nobody will buy it. People who previously purchased on the "black market" will continue to purchase where. The only difference will be that this black market will go into the gray zone.
You will be able to come to the store with completely legal cannabis and if you are "knowledgeable" then from under the floor they will sold what you really need and not these "children's" cannabis.
So that's exactly how it is - to seek the salvation of the economy in the legalization of even light drugs is not the best strategy, as for me.

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Well, in a, way it can. More productive citizens means more money into the system. And with a poeerful medicine as cannabis, most diseases not in cluding cancer, it poses great promise in rebuilding the future of these people afflicted with depression, and numerous others to the point that the government can once again rely to them. It's all give and take really.

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Quote from: shield132 on November 11, 2020, 02:30:48 PM

Quote from: jackg on September 07, 2020, 08:51:14 AM

It's a weird one based on the article. Also is cbd still legal (with a max of 0.1-0.5% thc)?

I think the police in the US are extremely overmilitarised, they may as well not be separate institutions from what I can tell based on the amount of legal favours the police have there.

Drug prohibition in general is just a way for most governments to prosecute the poor - if you're rich enough you're getting a drug dealer to come near your land: you're not meeting them in an alleyway somewhere. I think weed is much safer than cigsrretes too - and it smells nicer.

The $4bn budget as an argument doesn't sound much though, the US and UK spend about that funding weapons against isil (so they can fight their proxy war with Russia).

I agree with you, if you are reach and famous, then the government won't touch you. For example, let's take famous Hollywood stars and singers, celebrities in overall. Most of them use drugs, some of them are addicted and for example, Maradona, everyone knows that he uses but they don't get arrested because they are famous and they have money. And they say that law is a law for everyone? This is hilarious.
I think there will come a time when everything will be legalized like it was during the period when these drugs were first discovered, mostly during world wars.
Right now, this step will really help the economy but it's another task what kind of influence will frequent use have on people and do pros outweigh the cons? It's a thing of debate to my mind and they should seriously take it, not just because of economy.

Cannabis is one thing but I don't think all the "other" drugs will become legal at any point (at least in my lifetime). Cannabis is known to have medical attributes whereas most of the other schedule 1 drugs are manufactured using chemicals and ultimately destroy bodies. But legalizing cannabis is an overall good thing. Gives access to people who can benefit from it, state and fed gov recieve tax money and it will put shady dealers out of business and clear out some of the jail population issues.

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Quote from: jackg on September 07, 2020, 08:51:14 AM

It's a weird one based on the article. Also is cbd still legal (with a max of 0.1-0.5% thc)?

I think the police in the US are extremely overmilitarised, they may as well not be separate institutions from what I can tell based on the amount of legal favours the police have there.

Drug prohibition in general is just a way for most governments to prosecute the poor - if you're rich enough you're getting a drug dealer to come near your land: you're not meeting them in an alleyway somewhere. I think weed is much safer than cigsrretes too - and it smells nicer.

The $4bn budget as an argument doesn't sound much though, the US and UK spend about that funding weapons against isil (so they can fight their proxy war with Russia).

I agree with you, if you are reach and famous, then the government won't touch you. For example, let's take famous Hollywood stars and singers, celebrities in overall. Most of them use drugs, some of them are addicted and for example, Maradona, everyone knows that he uses but they don't get arrested because they are famous and they have money. And they say that law is a law for everyone? This is hilarious.
I think there will come a time when everything will be legalized like it was during the period when these drugs were first discovered, mostly during world wars.
Right now, this step will really help the economy but it's another task what kind of influence will frequent use have on people and do pros outweigh the cons? It's a thing of debate to my mind and they should seriously take it, not just because of economy.

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I think it is a stupid thing to do, the first role of the Government is to protect her people, the harm this is going to do is more than good. There is a reason why this has been illegal for forever until now, most of those championing this are enemy of the people and they want to keep people low for them to rule forever.

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From the American market, marijuana is freely traded, for example in a store located in the United States, precisely in Colorado. There are certain conditions for buyers, so it is not necessarily free to buy at will, including those aged 21 years and over, not more than 28 grams.
and I agree how there is a new breakthrough that marijuana has always been a drug. it's just not to be consumed on a large scale. A global perspective is currently being considered and there will be a lot of marijuana and archival links so that it can be legalized. Although there is a lot of controversy and repercussions for those who will take advantage of this situation. according to medical, many agree.

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Legalization of cannabis will surely have positive as well as negative impact over the country's economic growth. To my understanding cannabis can be legalized and can be distributed by the government for the respective person. This could eliminate the usage of cannabis for other purposes and stop illegal import of cannabis into the country.

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Quote from: Juggy777 on September 07, 2020, 08:15:00 AM

According to former Senator Tom Daschle legalising Cannabis can partially solve US economy’s problems in the short term, and it can even help to stabilise the US economy in the long run.

The Senator has further claimed that Cannabis is an $16 billion dollar industry, and it has the potential to become a $75 billion industry in the long run.

Also he’s acknowledged the fact that Cannabis is approved in 40 states, and if it’s legalised in all the states then it could create much needed jobs, and even the government can benefit from the taxes levied on it’s sale.

Last in my opinion whoever wins the upcoming election will not approve this idea instantly, but what do you’ll think can legalising Cannabis can actually help the US economy in the short term?.

Source:

https://thehill.com/opinion/healthcare/515299-one-cure-for-an-ailing-american-economy-legalize-cannabis

Look funny question when asking with Can legalisation of Cannabis help US economy and other country economic? I think if cannabis become legalization in any country have bad impact of using. It is possible that cannabis will not be used for the right thing, but on the other hand it will be abused if it is to be legalized. Will give chance for many people plant cannabis and take legal as benefit for selling to other country, I think if cannabis using for medical healthy is good because cannabis is kind of medicine how to give positive effect for to the patient to be sedated, will change take medicine for the patient if cannabis become legal.

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