Topic: Can legalisation of Cannabis help US economy? - page 4. (Read 1328 times)

Legalization of cannabis as a whole thing? Meaning that everyone or anyone can have a legal access on it? I think it would cause another trouble. Yes it might save up the US economy due to high demand of cannabis and the price value it have, surely it would help with regards to the financial problem of the economy but the consequence would be the other problematic one. This is all due because the effect of cannabis would take in place even for a short period of legalization. The financial problem would be resolved but another health related problem would arise concerning mental health for abusive usage and consumption once it become legalize. But if there would be certain regulation coming from the government on how clearly it would manage the legalization like it was only limited for health groups for it is said that cannabis have that certain composition helpful for the health. But if everyone would be accessing it openly, I think that would make trouble seriously.

I'm interested in this, because this is contrary to what I've seen.  Desire for alcohol didn't drop after prohibition ended and it became legal again.  Similarly, Colorado has legalized cannabis since 2014, and demand hasn't dropped off there either.  July was the biggest month yet for sales in Colorado, and that's despite the Coronavirus restrictions:  https://www.denverpost.com/2020/09/15/marijuana-sales-record-200-million/

Also, Oregon has also had legal cannabis since 2015, and set back to back sales records in March and April of this year, also despite Covid restrictions:  https://www.kgw.com/article/news/health/coronavirus/oregon-sees-record-breaking-89-million-in-marijuana-sales-for-april/283-fae5cbc4-0d25-4936-b749-bf049a408270

I think initially there is a huge spike in demand that might wane immediately after, but I don't see demand dropping to before it was legal.  Colorado and Oregon are two particular instances that suggests otherwise.

actually cannabis is a commodity that is in great demand by many circles ... but unfortunately too many abuse this object so that it needs to be limited and regulated by the Government by only being used in the health sector and the like. If indeed cannabis can make the economy productive, it will greatly help the US Economy. but the negative impact is no less troublesome for America

It's downright amazing how all these republicans who used to extol the dangers of cannabis have now come around and are advocating for legalization now that they stand to profit from it.  To be clear, Daschle is on the advisory board of Clever Leaves, a cannabis company.  He stands to profit personally from legalization.  So to recap, before he could profit off legalization, it was bad.  Now that he can profit off legalization, it's good.  This guy's a hypocrite specifically because the arguments that legalizing cannabis would help the economy and boost tax revenues was not persuasive to republicans before they all started getting on the boards of these companies, and now they're using those same arguments they used to not believe because it will enrich them personally.

A lot of studies have been done on this aspect, and it was found that legalization may cause an increase in demand for a very short period. However, after the initial euphoria is gone, the demand nosedives. And within a few months, the demand will decline to a level, that is lower than what they had earlier. You are right in saying that when something is no longer illegal, it loses its charm. 

But is the legalisation of cannabis across the US really going to bring a lot of new people to use cannabis? I would assume the people who want to take weed are already doing so today. You can buy it any big city even though it's illegal. Just look at the Netherlands for example, you have plenty of coffee shops across the country and only a few dutch people actually smoke. Most of the visitors are tourist. I believe that making cannabis legal would also make it less interesting for kids to try it, when it's not illegal anymore it loses it's charm.

Can reduce the crime rate for sure but it will reduce the working of the population as marijuana consumption reduces the working of the brain.
And this can also create marijuana addicts, people can always meditate rather than relying on a substance to keep them high.
Unless it's recommended i condone the use of marijuana.

One way or another, not only in the United States, but also in other civilized countries, soft drugs are sold and, no matter how law enforcement agencies interfere with the illicit traffic in cannabis, they still sell it, and demand is not only growing, but it is also stable. The fact is that kpnabis is not worse than alcoholic beverages, and this is a fact. I believe that with the legalization of cannabis, the state budget will receive a lot of money and this business will be controlled by the state, and not by criminal organizations.

I think legalizing marijuana can boost the US economy for a short period of time ONLY. And will not sustain economic growth in the long run.

Sure, it will have a lot of sales at first because whether we admit it or not, there are many people using it discretely for entertainment and leisure purposes. Another thing that will benefit from its legalization is the health sector since it is used for medication of various diseases. However, if it will be legalized, they can’t totally monitor where it will be used for. It can definitely be abused which is why it isn’t legal yet. Not just in US, but also in majority of the countries in the world.

It can have its small good impact for the economy of US for the time being it will be legalized, but it can also bring a lot of headaches and problems. The government can’t really regulate it fully because people can find ways to get what they want. If they can buy marijuana now it isn’t legalized yet, what more if it’s already legalized by the state. They can always make their reasons to escape a questioning.

Legalizing marijuana isn’t the best possible solution to bring back the glow of US economy, but the vaccine to mitigate covid-19’s local transmission. Strengthening the different sectors and industries, and providing answers to existing problems should be the priority to stabilize and boost the economic growth again.

Your points are valid. But then the topic is on how the legalization of weed can help in the recovery of the American economy. No one is claiming that this sector alone can rescue the economy, which looks to be in a very bad state right now. The COVID 19 pandemic was like the last nail in the coffin for the economy. The government was doing all that it could, to keep the federal debt under $20 trillion levels. But with the stimulus measures that were necessitated by the pandemic, it can easily go to 23-24 trillion USD by the time of the POTUS elections.

I think cannabis, similar to alcohol, tobacco, and gambling has a significant revenue (tax) potential for the country. It's just a matter of weighing pros vs cons and AFAIK cannabis is less harmful than tobacco and alcohol. That said, it should be fine if and only if the study (about cannabis health and safety) is correct.

Okay, let's stop on cannabis since other substance like cocaine and stuff are way more dangerous. IMO if tax benefit outweigh the addiction problem and reduce in productivity (because of addiction) or perhaps increase in productivity, cannabis should be legal.

People think that when you make weed legal it will suddenly be enough to cover all the expenses but in reality USA is in big trouble and just one more sector will not be solution to anything. Obviously it is money generated for the government, they tax it now instead of spending money to prevent it (which they still do in some states) which means not only they do not lose money on it, they make money on it, and this makes people think that many problems could be solved thanks to this move.

However reality is we are talking about over 20 trillion dollar debt and such a horrible inflation very soon, how could just weed sector handle such a huge task to overcome that much trouble? It can't, not alone, it is not possible but it is surely a small help for it.

It is too obvious that cannabis do really have a lot of consumer due to its benefits and it will surely become popular in the market.

There are a lot of people who are pushing, protesting, and rooting for Cannabis to be legalized and open to a certain country. The only thing that will possible make it put into place is its regulation to prevent addiction and illegal transaction in it. What matters the most is that, people who needs it medically will not have any hassle using and buying this whenever they need it and businesses will surely have an upward movement in its demand that can make the economy grow.

I am also not of the opinion that THC is a miracle cure. But at the same time, there should be freedom to chose between various options. Those who want to use painkillers from big-pharma companies can do that. But those who want to use cannabis oil as a painkiller should have the liberty to do that as well. Also, even if it is legal to grow the plant, I don't think that a lot of people would be doing it. Growing and harvesting the plant takes a lot of time and effort. Rather than doing that, a lot of the users would just purchase it from the shop for $10 or $20.

Buy who is going to buy weed from someoneelse when it is legal to grow your own? It doesn't make sense to me. I don't understand its medical aspect neither. I believe there are many alternatives to THC as painkillers.

I think it is too late many states have legalized cannabis already and the tendency is for this number to increase, an I think we are seeing similar tendencies all over the world, as such it is impossible to stop and while no market is big enough to completely erase the crash we suffered because of this pandemic it could help alleviate some of the worst symptoms of this crisis by creating new jobs in an economy desperate for them, however we need to be careful there are many that are pushing for an increase in the number of substances that are now illegal to stop being so and this is a dangerous attitude since there are drugs that are extremely addictive that should never be legal.

If the concern is just to help the stabilization of the financial sector to help the US recover from the great loss brought by this pandemic and what they can see as a way to deal with it is to legalize cannabis which will potentially make a big entrance of money, then I guess it would be possible to help the US economy but that would be just if the concern is about financial. But how about the sake and welfare of its people? Yes, it is also a must that people's health must be in concern for there is just a small composition of cannabis that is good for the health and improper usage of it would make a worst scenario of addiction. The problem could be solve with regard to financial but the health is at stake, then such action would be senseless.

Health is already something very important, it is very sad that everyone thinks weed is something that makes you high and that is it, there is really no downside to it when you compare to tobacco for example, and tobacco has been legal for a long time. Obviously you could make laws like "do not smoke and drive" type of situations which is important, however if people can drink beer or smoke tobacco and you think weed should be illegal you are really not well versed in weed itself. Some people even think that big drugs like heroin or cocaine is actually on the same class as weed which it is not.

The real sad part is, while weed is getting more and more legal, we have thousands of people in jail for selling weed back in the day when it was illegal, those people should be let go as well when it becomes legal.

The legalization of cannabis can obviously reduce the crime rate, as the business will move away from the street gangs. There may be some impact on the incarceration rate as well. It will have a minuscule impact on the government tax revenues. So I would say that the legalization may help the society, but I don't think that it can have a big impact on the economy.

Yes this is an easy quesiton, the legalization of Cannabis will certly help the economy of all the states. I believe in this legalization because in this way all the citizens will pay taxs on it and those will go to help the sanitary system, schools, events.