Topic: Is legalized marijuana good for the economy?? US Citizens might talk here.. (Read 658 times)

Well.. if you legalize marijuana, the following things are going to happen:

1. Mexican drug cartels will lose a large part of their revenue
2. Street crime will witness a decline
3. Sales of hard drugs will drop
4. The quality of weed will get higher
5. A large number of people will be legally employed

All these things are good for the economy.

the government banned the trade of marijuana because it certainly has strong reasons, imagine if marijuana was legalized there would be many dependents and many diseases that would arise, it resulted in swelling in health insurance. means that the tax burden will increase, I am more agreeing to the current trade war, because even though there is a negative impact but it can be tolerated, at least not to damage the next generation, because I'm sure marijuana will not only damage the health but also the mentality of its users

This is not a good idea because legalization of marijuana are not good for everyone especially for teenagers who already abused themselves from illegal drugs. There are only few people who needed marijuana because it is a herbal medicine but it doesn't mean it should be literally be legalized even you can make millions with it.

but there is one country that legalizes it, they think rather than spread throughout the city, it is centralized in one city. with supervision and compliance obeying the rules I think that is better

are you crazy? legalization of drugs will only make the younger generation destroyed, imagine when marijuana is legalized, how easy is someone to get that drugs? of course there will be many deviations in use, in a few years the country will be destroyed when drugs are legalized

Well its good point, its good for economy cause its just like make a new sector of industry and seems like the industry will going very well cause i believe so many people are love this type of drug and make them legal just make a new revenue for the goverment.

The US Citizen needs to talk about if they want to legalize marijuana or not, not the economy part. I mean I understand when you legalize there is a given boost to economy and there are weed companies that already made billions of dollars in valuation and a lot of money in sales but in reality the economy is so big that just couple states wouldn't change a thing.

You need to make it all states in order to give a real boost to economy. On top of that people do not vote for these types of decision based on if the economy will benefit from it or not, they vote based on if they want to use it, let people use it, or against others using it. So if a state says "yes legalize it" it doesn't mean "it will be good for economy" it would mean "I want some weed and no problem with cops".

Legalization of a drug that could actually help people is a good thing. Abusing it for recreation is another thing. But legalizing planting, processing, selling and using prescribed cannabis is way better than letting people have alcohol and be dependent on it. I mean i haven't seen a marijuana addict or died directly because of marijuana.

Definitely it will but it must be regulated and should not be available to all individuals who will just use the thing out of curiosity. The herb is actually has a lots of benefits to individual who some health problems but we know also that it could be dangerous when it will be abused.

This is a good decision. I do not think marijuana is more harmful than alcohol; moreover, many scientists have proven that it is useful for people with alzheimer's disease, epiliptic seizures, anorexia and sclerosis in medical doses. So why don't states start making money on this. I do not understand.

Why wouldn't it be? For years in history americans and whole world has been fighting against weed and yet people are still using it everywhere in the whole world. Now governments have two options ahead of them, one option is to keep it illegal and spend tons of money to "protect" people from weed users and sellers and try to capture and prison everyone who distribute it which costs insane amount of money and people still smoke weed and even die because they get some bad stuff.

The second option however is let it be and just legalize it and make sure health and safety checks the products on the legal places, this way you both make money and eliminate the bad products that kill people.

Everything that was illegally traded before and then the government legalizes the goods will give a good economic impact, each person will easily buy these items without having to worry about the risks that will be faced. Yep, marijuana is one of the items that are illegal in some countries, but now there are some countries who have legalized marijuana like the United States. Surely the price of marijuana will rise drastically if one government legalizes the use of marijuana, even more, it cost will rise to 100% before being legalized. And this will provide many benefits to the government and help the income of a country.

Above is an impact on a country's economic sector, but on the other hand there are some negative impacts that will be caused. If the price of marijuana rises drastically, there will be many people who have been addicted and they are very dependent on marijuana, but they don't have the money to buy it, so they will look for alternatives to marijuana, which have very dangerous health effects on users. cheap cost compared to marijuana.

This happened to my country, before the government had legalized bouse and made the price of bouse per bottle rise by 5 times. So as every drinking addict who doesn't have the money to buy it, they look for another alternative to replace it. Then there are some people who make things as an opportunity, they make an alcoholic drink that was very inappropriate to drink by humans like they made the drink from a mixture of gasoline and alcohol and were sold at very low prices and make many drink addicts buy it.

Each thing will have an impact, be it positive impact or negative impact.

I think it doesn't matter, as long as for positive interests and the circulation is limited and monitored, because marijuana can be a positive and negative commodity.

Its very good for the economy, if we are being specific. Medicinal Marijuana can bring in millions if not billions of dollars annually if properly managed and properly produced as a finished product. The medical advantages of this plant are plenty but let just throw in some statistics on the financial aspects and job creation:
Legalizing marijuana on the federal level could result in an additional $105.6 billion between 2017 and 2025, according to a new report from the cannabis analytics firm New Frontier. That figure includes projections for business tax revenues, payroll withholdings, and a 15% sales tax. Meanwhile, fully legalizing cannabis today would add 654,000 jobs and up to 1 million jobs by 2025.

I disagree, I know some types of drugs can be used for certain things, but not for public consumption right?
because in my opinion, legalization means the government allows anyone to use it, I think many people will abuse it...

I completely agree with what The Pharmacist said.


Even without considering whether or not legalising marijuana is really going to benefit the economy, I believe in the freedom of choice that people has when it comes to these substances. It does not cause any harm to the general community, and even if it was illegal, it's simply a futile thing to regulate as people are going to continue to cultivate and smoke the substance regardless of its legality.

Coming back to the economic impacts, there could definitely be tax revenue made from legalising marijuana, with less taxpayer money spent on trying to police the consumption of it (which is absolutely ridiculous imo). Also when you take into account that marijuana is probably less addictive than tobacco and perhaps even alcohol, it's more the reason to do it.

I do not refuse but do not agree that marijuana is legalized.

In my opinion it can damage the order of life that has been running because children from childhood are familiar with the cannabis environment, regardless of consuming or not. They can also be couriers or sellers with big profits making it forget the danger for everyone. Because they are forbidden to remain brave, let alone legalized more crazy

even young children understand if marijuana is harmful to health, then what is the reason to legalize marijuana? except for medical

Only drug addict are favor on this one,not because government will gain taxes on this illegal drug meaning they will accept it,no matter how much they will spend the important thing is they will continue the fight against this,and you didnt mention the damage that may cost when drug addiction becomes rampant because of legalization of this one.marijuana can be use as medicine for thos specific cases and thats the only thing this might possibly allowed by laws

We know what are the positive and negative effects. Marijuana in some countries are legal. We know how marijuana affects our own economy, but there are positive effects also. We know what will be the cause and effect of legalizing drugs.

Some people says that marijuana is good for our health and if it's really true then it's ok to make it legal. But many people can abuse using this if it will become a legal and I think that's not good because excessive marijuana use is not good in our health and maybe that is the reason why in other country marijuana is not legal.

 I'm not supporting the legalization of marijuana, but I can say that bitcoin and blockchain would be very useful for the country government, if they would be able to handle and regulate it.

I think if we would speak on the in terms of the community and economic positiveness, maybe it is it. But I'm concerned about the health of the people who gets an actual right to smoke.

legalize marijuana can indeed give a very big profit for a country, but will be many negative things that will happen in the country, maybe criminality will increase also because of the effect caused by consuming marijuana.
so the government must still limit and keep monitoring the circulation and consumption of marijuana in order to avoid something that is not in want.

Marijuana bole is legal, but there must be an agency that regulates the circulation of this item, because if marijuana is circulated by human who likes to criminal, it will be an extraordinary social problem
I am also monitoring the progress of this regulation, since the legalization of this marijuana

I think he was referring to the lost "war on drugs" that the US has been fighting for decades now, not that I would expect you to read this reply or understand it if you did.

Regardless of whether legalization of marijuana (or any other drug) would be good for the economy, I support people's freedom to ingest whatever chemicals they wish to--with restrictions like alcohol has.  I most definitely see the drawbacks of substance use/abuse, but the crime that has been manufactured because of drugs being illegal has harmed society more so than if they were legal.  Anyone seen any of those Mexican cartel torture videos?  That shit is brutal and is a direct result of US drug policies, and Mexico's as well.

As to economic effects, it certainly couldn't hurt.  I have a hard time believing the gain in tax revenue and jobs associated with the marijuana industry would be undone by its harm to health or society.  I think a lot of people have known that for a long time, but trying to get a government to change its idiotic ways is very difficult.

Yes, maybe legalization of marijuana might bring million of tax that can be used by the government in the nation building.  But how about if the people became addicted to it and the tax that the government will collect will just proceed to the rehabilitation of the addict.

 Legalizing marijuana might help many patients as well with an exceptional medical condition to ease their sufferings. So, it is a good basis for legalization. But I guess the government should look for the wider picture of this topic.  If this will gonna implemented by the government, strict rules and regulation must be formulated, observed and implemented.

I could not agree more with you. The war on drugs is a business, some people are profiting a lot with it, and that's only the major reason that we won't see legalization in some places at least for a long time.

for a country that takes taxes on marijuana, can be profitable. but for users and addicts, it is a big loss. because we know that marijuana is very expensive. and marijuana if in excessive consumption is also not good for health.

Legalization of marijuana not only saves the money of the government by fighting it, it also made money by opening new jobs, new businesses and such. I know people use marijuana as a recreational drug, but if the government is able to regulate it and be strict about it then it will not be abused (not that it's addictive, or so I've been told).

Canada has legalized it on a national level and reached a revenue sharing agreement with their provinces to split the tax revenue. Because of this, there has been an explosion of investment in the industry there and Canada will soon lead the world in this industry. Such a policy is creating new jobs and the legalization will free police and courts from enforcing or otherwise dealing with pointless and harmless violations. Republicans in this country are far too concerned with legislating morality (and doing a poor job at it for having stupid and arbitrary priorities) for the US to seriously consider following in Canada's footsteps and so is ceding the development of an emerging industry to other nations.

I think no because only the marijuana users will be happy for us innocent citizen we will push to deal with it.

Marijuana is illegal in my country, how come minors are still able to abuse it? It is a matter of choice of the person himself/herself if they are going to abuse marijuana be it illegal or legal. I think the only thing that changes when it becomes legal is the economy of it. It's actually a lot cheaper while it's illegal because once you've made that legal, people will be selling it everywhere and people will all be buying it. The supply wouldn't last and at some point, stores will be left nothing but high quality weed which is a lot more expensive than the usual ones. Funny how people be thinking that they can abuse drugs once it has become legal. The truth tho, it will be a lot more expensive.

Nonetheless, this will increase the overall collected tax. It's good for the economy of a country. People have another thing to consume and get addicted to just like beers, liquors, and cigarettes. Add a sin tax to that then bam! in a couple of years, the economy is booming. FYI, though, there wouldn't be as much casualties if people do get hooked on weed because it doesn't make you do bad things. It helps you relax.

After the legal sale of marijuana, not only can tax increase be increased, but also the employment rate can be increased. Legal cannabis factories produce sesame oil, sesame oil and the like (concentrated cannabis oil products without any taste).
Can also effectively prevent minors from exposure to marijuana, because marijuana is harmful to undeveloped brains.

In some counties that there are good possibilities that happened when they legalized the marijuana but not all the countries in the whole world. Why? Because its community some of them they abuse using marijuana. They using it a drugs and some them are minors.

Maybe depending on the country that you reside though because here its going to create another round of social menace for the society. As at today, there is nothing illegal about smoking cigarettes but the social costs is second to none even to someone who is not smoking and with the inscription of them being able to die young. Marijuana is even worse, people don't get high by smoking cigarettes the medical effects are there but marijuana combines the two to the extent that when you see someone misbehaving, destroying things he could not afford in a lifetime, the source of such energy is nothing other than marijuana.

If government should then start because of revenue then open the flood gates for people to bury themselves in marijuana, then they should start putting up rehabilitation centres for those who will be admitted there, insurance policies for the properties they will destroy when they are high, medical facilities to take care of those who will be exposed to social hazard etc. Its the worst decision any government can take without putting necessary infrastructures in place.

I think it has to do with politicians and there involvement in the community/state/county/area/company/industry they represent. If politicians earn't more from legalising "whatever" i am sure they wouldn't even hesitate!

Why not? People will get high,and do all the stupid things that they wouldn't have done while they weren't high. Things will change for the better. Population might increase rapidly for a while but things will go back to control once they realize it.
Jokes aside,obviously marijuana is not good for any economy, I don't know why Canada did it.

Really? People don't realize that they are high? Are you for real?
AFAIK people aren't dumb monkeys. They know that drinking alcohol will eventually make them drunk and that smoking weed makes you high. They also know when they are high, believe me. Also, there were several tests conducted on the influence of marijuana on people and some of them, like the high driving tests, can be seen on youtube. It's interesting that high people were driving quite well up to a certain point. Much better than drunk people would.
Legalizing is the most logical option.

In theory, marijuana is less harmful to individuals and societies than sugar, alcohol and cigarettes. It seems reasonable to legalize the legalization of sugar and alcohol.

The legalization of marijuana is the progress of mankind, and the legitimacy should be the product of the development of civilized society.

I think it's better to be legalized because lots of people already using it illegally. So why not to take tax from it and let it to be crime? 

The legalization of marijuana in the United States is more beneficial than harmful.

Legalising marijuana could be an industry that would crack down on drug dealers to create jobs and fill the coffers.

Legalizing marijuana not only can hit Mexican drug cartels, it can also stimulate domestic economic development, create opportunities and drive related industries around the country.

It is an effective palliative for the federal government, which is now constrained by congress.

I dont see any good from legalising marijuana, its a substance for making people high and can do thinga that they  dont realise when they high, and even if the marijuana bring a lot of money to the economic, but the country will need extra money to hire paramedic and police because people will do stupid things when they high, so I think legalising marijuana might not too good for the country reputation

Legalizing marijuana and other drugs seems like a no brainer from so many angles. It allows proper taxation which can generate tax revenue that can be put to good use, it controls consumption and can allow for addicts to get better help, it reduces drug related crimes, I could go on, there are few negatives that I can think of, mostly unverifiable claims that it would increase consumption.

Marijuana is a highly medicinal plant, but a lot of people have misused and abused it for another purpose. The USA is among the top countries which have several cases of under-age children  taking marijuana to 'get high' and you don't blame the government for putting a ban in it. Yes, there is a lot of money to be made from it but it's better to put a hold on it for the sake of some kids whom are still growing.

Economy? Yes. If marijuana in several other countries were to be permitted to be used as a form of a leisure drug, then fuck yeah, millions of dollars would be pouring out in just that sector, no doubt. There's tons of potheads around every country and so far, I haven't seen any reports about someone under the influence of marijuana hurt, abused, or killed anyone they came into contact with. Marijuana is nice, and studies show that it has more benefits in the body compared to other herbs that are legally being produced and sold. The thing is, some governments are corrupt to the core that they don't allow marijuana to be sold because they silently permit other dangerous drugs such as meth and cocaine to flourish since it is a bigger industry compared to the former.

this is somewhat at odds with the anti-narcotics propaganda that it would be possible that minors would use marijuana without the knowledge of others or their parents, not a way out to boost the country's economy for me, there would be better things that are more positive which can make the country's economy soar but in fact the profits from marijuana are enormous and abundant as the country that legalizes marijuana rapid economic development quickly and simultaneously reduces unemployment every year, I see many articles potentially marijuana many can be used as medicine, if only used medical reasons I think it's a bit plausible with limited inventory without free sellers.

I am not a us citicen but i belive the comercialization of marijuana will be in a field where the customers wont be absent. It is strange to make a public legal market for such drugs but hey, who am i to judge?

I watched the anniversary of marijuana smokers that was celebrated some days back with the amount of people involved with so much joy and happiness in their faces I felt concern for this generation and the law makers have equally disappointed the coming generation for promulgating that law. They make law about smoking marijuana for recreational purpose without considering other factors.

Economically,  the marijuana business is a huge one that could turn millionaire in a short while, an already available market, its own unique supply chain but the cost  outweighs its benefit from my own standpoint which ranges from the cost of ensuring compliance with the law to not exceeding the amount of grams to be consumed, to ensure that they are restricted to certain places to smoke without endangering the members of the public, the cost treating those who will have mental issues as a result of abuse and a whole lot of other non quantitative disadvantages.

Nope, I have no other opinions on this.  OP hit the nail on the head with his post.

The war on drugs that the US gov't has been waging for most of the 20th century to the present has not only been futile, it's had many negative effects.  It's put millions of people in jail, it's wasted money fighting it, it's stigmatized drug users, and it's facilitated the spread of lifestyle diseases like hepatitis C and HIV.  I still can't figure out what all this was in the name of.

And marijuana?  Please, that's almost funny.  So yeah, the legalization of it is a great first step toward reversing all of the damage that the gov't has done throughout the years.  Having it banned has had the same effects as Prohibition, and we all know how that worked out.  The tax revenues will certainly help the states and the federal gov't as well, if they ever wake up and start following suit.  It'll instantly cut down on crime, too, and that's probably most important.

It's good for the economy and a lot of other things, too.  Glad this all is happening.

Legalization is a better policy imo.

Legal weed with higher health and production standards decreases the degree to which marijuana can be tampered with. In cases where a person smoked weed and developed a case of anxiety(or other issue), it is likely the weed they smoked was laced with a hard drug of some type. Drug dealers sometimes lace weed with other things to get people addicted to other drugs. Legalization has the potential to cut down on these types of illicit practices. Over the long term, legalization also has a good potential to increase the production of weed which should decrease prices while competition and free markets enhance quality and potency.

The taxation issue could be the most attractive aspect for lawmakers. With debts and deficits becoming larger concerns, it is likely many states will legalize for the boost in tax revenue. There have also been claims of legalization diminishing the income for drug cartels, gangs and organized criminal groups which could be a bonus on top of everything else.

maybe yes. because if it is legalized it wont be underground any more. so government will be able to take taxes from marijuana trades. however it is not something ethic when government take advantage of those kind of addictive things.

This issue have brought both positive and negative impact and government and other sectors should continue weighing their options. It's long been researched, studied and claimed that it has been found to treat cancer and has helped for those who are sick. In that circumstance I think it is a good discovery. In fact, the Drug Policy Alliance is currently working on marijuana legalization campaigns in New Jersey, New Mexico and New York. In the end, I mostly believe that we need stronger regulations and specifically we need to pay attention and be responsible in using any forms of drugs (medicine), and not abuse its usage and recommendation.

Yes i think it is. Marijuana is a ain killer. Its a drug, a natural drug at that. The overuse of marijuana is the one that's need to be regulated. There is a need to control that in order to stop abuse and illegal usage. Only if you smoke too much weed can you make it really worth less than its supposed to be used. Openong its doors on its legalization will really bring the economy up.

I think as long as it is used for medical purposes, it should be fine. But the government might be concerned about illegal use and if they fail to control it they make such laws.

Actually some country  legalized marijuana, as a treatment or medicine prescribed by  doctor,but in  my own vision being a simple citizen in my own country,that this is illegal and probihited to use because  its a kind of drugs that can destroy the mind of the young people and the whole human race ,and can increase the crime rates because of this  effect of hallucination and destroy the sanctity of the humanity,thats why even its in U.S is talked about the legalization of this things because its gives the government an good tax money  but in my  own thought ,this is not  worthy to be used as legal and become a medicine.

Looks like gentle gesture for calling off the healthy life! I mean come on we are talking about the drugs here and in what sense it could be good for the healthy economy. I dont even understand the topic, they do have legalisation of this drug weed? I mean there was time once when these things where so strict that feds would do anything to make such people barred behind the jail walls and now here is the time its legal one. Dont understand the logic behind that. It will be far chaotic now onwards as everyone will be marijuanating themselves. Lolz. It will become so common that there wont be much value for it.

cannabis legalization can increase state taxes to about US $ 9 billion. In addition, the state budget is also reduced, especially on law enforcement budget posts in the fight against illegal transactions of buying and selling marijuana. Broadly speaking, the legalization of marijuana can reduce budget spending and increase tax uptake to 0.5%

What is clear if marijuana to the legal right, because from the beginning it has been in the wrong use by some people, who actually only needed for medical purposes, ahirnya future will damage the younger generation of the nation.
whether for any reason without medical permission, remains untrue, although the funds gained are quite large from legalizing the marijuana.

Legal production is always good for the country, as production pays income tax and the state earns on it.

are you a smoker?seems like youre smoking alot this days lol,though some medical breakthrough says marijuana is medicinal and cure to some sickness,it doesnt mean it will be needed to legalized,and even if how much government wasting to fight this drugs still its better to fight for peoples benefits than doing nothing at all

Totally agree with you! The fact is that if after the ban is immediately solved marijuana, then many will abuse it. People who have not used it before will want to try and mass promotion of marijuana will begin.

if discussing the overall economic problems in marijuana deals will gain enormous profits, it's just that the legality of marijuana is still questionable or even prohibited because the negative impacts of ganjja users will increase crime.

Legalization of marijuana should have limitations.Like its only allowed for medical purposes and not for everyone because as we all know the marijuana had a good and bad effects.Its too dangerous when they will not implement a strong restrictions coz for sure it will entirely affects individuals who abused to used it.

I think legalization of marijuana is good for the economy because of the tax revenue, but IMO the marijuana legalization law should be revised. For example, they should only sell it to people who will use it for medical purposes(even though some can still find a loophole but it will make things hard for those who are using it for recreational purposes). Even if that is said, as a state who might be suffering bankruptcy, it is a good move to get funds temporarily.

It's less of a boon for the economy than people make it out to be. It just moves production and retail out of the black market. Most of those jobs already existed. They're just taxing the shit out of it now. The growth from yuppie consumers is probably offset by the wholesale destruction of small business that legalization brings. The corporate model (companies like Medmen, etc.) means lower wages and higher prices as small guys get squeezed by taxes and competition from big boxes.

Ask any heavy weed smoker, or poor/working class smoker, or small cultivation/retail business how legalization has treated them. It's driven everyone's costs up significantly (with nothing to show for it), and the only people emerging on top are large-scale corporate behemoths. The McDonalds and Coca Colas of the world. It kills the culture, kills small business, drives costs up from all angles. All for that sweet, sweet tax revenue.

But yeah it's good for all these inefficient bankrupt governments. It'll keep them afloat for a while.

i think government should be firm about marijuana usage law. legalizing it does not mean that people are free to use it for no apparent reason. if misused use can even damage next generation of the nation

I don't know where side to  go a lot of news saying that marijuana is a bad influence such a drugs  but there's a lot of people who's telling  they got improve with their illness through the marijuana herbal if the government make it legalized  they  have  to implement a heavy law  to make the consumer  safe

I think any single thing which is good for sanity is always good for economy as well, because more people will interest for that.  I really wish my country has legalize marijuana and bitcoin,  it would be so awesome. But as my country was really complicated about the law, I don't think it's possible in here.

    by the way it is against the law and is even less in bitcoin regulation for the economy .and I really am talking about US citizens here does not really allow bitcoin because of my fact that bitcoin is not illegal and legally legal to everyone who wants to join it in bitcoin. And what the government thinks is illegal work in bitcoin just like they say they make a mistake because bitcoin is not illegal and there is a country that receives bitcoin so that bitcoin does not illegal online activity site by enternet.

Not for everyone, I think at least someone need to have certification or certified by government or university as a Marijuana practicioner since if the legalize usage of marijuana there is always a tendency that children will try it and become addicted.

And only certified people are allowed to plant and sell this plant though it is legal to plant and sell.

War has never been meaningless for governments because they know this is the best way to become more prominent and have a say in the world. In particular, the war would be a gold mine because the government could sell weapons for a fight at a high price.

 The legalization of marijuana has brought in millions (maybe billions?) in tax revenue to those states that have allowed it. Just imagine what each state and even the federal government could do with such extra money. Rather than wasting millions in tax money on a fight that can't be won ,right??

Or maybe you guys got another opinions??