Topic: Can legalisation of Cannabis help US economy? - page 5. (Read 1417 times)

Legalization of Cannabis is not that easy to achieve especially if the government and its people is not open-minded to do it. It is true that cannabis can be abused because it is addictive, although its benefits in our health our really good and essential but we need to consider other factors such as addiction and crimes. I also want cannabis to become legalized and be regulated properly so that there will be no conflict towards it and its people. Also, cannabis will surely help the economy grow because as we are not seeing those people making transactions with it, there are people who are rooting for a legal transaction of cannabis in the market which is really hard to see in the future.

Commonsense doesn't work, when people who are brainwashed by radical religious views hold power. Ideally weed should have been legal all over the world. Not because more harmful substances are legal, but because it is the individual choice of a person to use it or not. Slavery to organized religion has made us to believe that for the betterment of an individual, the authorities should curtail his liberty and dictate the terms of his private life. 

I don't think it will solve the problem but it can help.

Legalization means less dirty product on the street, people not getting arrested for possession which means less time spent on chasing and processing them by the police. The police would be able to focus on real crimes instead of chasing kids.

I also don't think that alcohol is less addictive or unhealthy than weed. If alcohol is legal why not weed?

   
   I think that effects of smoking Cannabis is important here. People use it and we can't forbid people to use it, legal or illegal
people smoke pot. But why to be illegal, when if it's legal it will be better for everyone. Do you know how many non-violent
offenders there are? Instead, country to earn from legal Cannabis and everyone to be happy we have countries that arrest
people for smoking pot, and in that way they spend tax money for nothing.

I think it will to some degree but not completely.
Cannibis slows down the mind in long run if cannibis is consumed then it can lead to addiction for most people.
However US's economy really took a bad hit.

I don't think it's a good idea to legalize Cannabis to help the American economy. As we all know the psychological effects of Cannabis
can cause schizophrenia, which causes euphoria to hallucinations for the user. So it's very risky to legalize Cannabis, I think there are
many better ways to help the American economy than legalizing Cannabis.

Of course! It will be good in the sense that this business from the shadow and criminal business became an ordinary business (sorry for the tautology), and also related to medicine.

The legalization of drugs can reduce the transactions of darknet so the government will make taxes from the legal consumers and it will be okay if the approved amount to sell per person says below the amount to make someone addicted to it.IMO, I don't want these things to be legalized because it will pave way for lot of people to consume drugs with no issues and it may harm the economy in the long run.

not just in the short term, it could be a major future US industry. Marijuana is a non-addictive substance and it also doesn't harm our brain, it just helps us relax and doesn't get too stressed. Thanks to that, the cannabis can reduce many ingredients addicted to drugs or other addictive chemicals. Maybe the future canabis will have a huge effect and it will soon be legalized in the future in all countries. Americans are sure to make a lot in this new industry.

helping the US economy?  I think that's for sure even though it won't contribute much.  but for health, the benefits have already been felt..

Fat chance given the whole opioid crisis.

In fact, that's another thing playing into the cannabis industry's favor. Doctors are prescribing less and less opiates for pain treatment due to the addiction potential. Imagine if doctors get the green light federally to prescribe marijuana for pain, not to mention all the other conditions it's used to treat. That will bust the medical market wide open. Maybe we'll eventually see the federal government subsidizing cannabis prescriptions the way they do conventional pain meds, who knows?

This COVID definitely made many changes to the world we know.
The US actually was the one who imposed the marijuana ban on major countries and now, kinda funny.

ahhhh yyyeee!!! someone up there in the senate knows what everybody needs. ya all need to get high! theres no need for farms for marijuana, it can be reproduced indoors, there had been many plantation of marijuana indoors even in US actually.

market from canada and from the south will definitely keep US high all year.  maybe legalize the poppy plants as well while they are up there discussing about cannabis legalization.  its going to make money for sure, US may even import cannabis if there are countries out there also needs to get high.

That's actually true and having these big investments on the Agricultural Sector has made a big difference for them. They are able to sustain most of their farms and poultry businesses to strive more.

I'm also shocked that somebody thought of relocating farms. That is absolutely a no go idea because its not good to chop up trees just to have some farm or scout a plane area just to plant crops. Agriculture totally depends on climate because some researchers are now being funded to create a better crop producing equipment. Aquaponics is a real good help in this kinds of situations since those kind of things are easier to relocate.  

You clearly aren't a scientist and it doesn't seem like you've done much research on climate change. Climate change effects most countries and part of them the same.  Here in the United States sure we are a large country and have a lot of fertile land but if one are is devastated by climate change that doesn't mean you can just pick up and move somewhere else, that's not how it works.  The United States has also a very diverse climate so much is dessert of colder climates, that makes your logic not work.  Climate change can certainly be devastating to any size country big or small.  This will certainly have a big impact on all countries economies.

Hell yeah, it depends on the state in America. As far as I know Colorado already legalized it with reasonable extent, does it make the economy of Colorado wealthy? NO, it adds a market then adds to their state revenue not much in the whole America in general.

There are people who buys cannabis for good reason, best example is for short term treatment with diseases that isn't curable yet. I believe this will be good for the US economy to regulate the use of cannabis in every state. Strict regulations must apply!

What state are you talking about? Because I think it can change from state to state. Either way a few plants is probably more than you'd ever want as long as you smoke it yourself.


I didn't get your point. So will be good for the US economy or not?

Both, actually.

I'm invested in some pot company stocks so I keep a watchful eye on the market. Data consistently shows that as individual states legalize medical and recreational usage, demand surges. New markets being added every year has thrown the industry into hyper drive as consumer demand for cannabis keeps blowing away everyone's expectations year after year.

COVID-19 has added a new twist too. Months ago, I originally assumed a recession combined with the fact that COVID-19 affects the lungs, would be bad for cannabis demand. The opposite has happened. Huge growth is happening in this sector right now. It turns out that just like alcohol, cannabis is recession-proof. People need their vices, no matter what! And as they spend more time at home alone with little to do and nowhere to go to spend their money, more people are smoking pot now then ever before.

Combine that with the fact that tobacco usage is dropping significantly after years of cultural / media discouragement and sin taxes. A lot of that former usage is heading towards cannabis, which is being welcomed by states with open arms because of the tax revenue it will bring in. All signs point to a very robust legal industry in development. I wouldn't be surprised at all to see a $100+ billion legal industry inside 10 years.

As far as I know, there are limits on the amount of marijuana that can be grown at home, just a few plants. And the use is allowed in a certain amount, not exceeding the norm. Therefore, I think legalization implies an increase in the number of states in which it will be allowed, and not an increase in the amount for consumption.

Not a chance. It takes too much time and effort. It will always be only a small minority that does that. Everyone else will prefer buying it like any other consumable commodity. Do you see cigarette smokers growing their own tobacco? A few people do it, but the vast majority buy packs at the store.


They've already bought stakes in legal marijuana companies: https://www.latimes.com/business/la-fi-altria-marijuana-cronos-20181207-story.html

It may be a net negative in the sense that small craft producers will be squeezed out of the market and lots of informal workers will lose their jobs. In the sense of economic output (GDP) I'm sure it would be a net positive in the long run.