Legal Marijuana Is A Boon To The Economy, Finds Study

Researchers discovered that legalization of marijuana had a positive impact on the economy of Pueblo County, Colorado. In a groundbreaking report at the Colorado State University Pueblo Marijuana Research Institute, researchers discovered that taxpayed and regulated cannabis industry contributed over $ 58 million. Denver Post, the regional economy

The legalization increased costs of approximately $ 23 million, including law enforcement agencies and social services, but the county ultimately brought net profit of more than $ 35 million.

According to CPR reports, research itself is covered by state and regional marijuana taxes. "Pueblo seems to work better in different ways than other similar communities in countries where marijuana is not legal in any way," said the report.

The authors of this study pointed out several hazards related to legalization, such as an increase in illegal cannabis cultivation strategies and confusion among police authorities trying to catch up with changing basket rules. However, this report is worth noting in order to eliminate some of the dangers normally attributed to legalization: evidence that legal cannabis caused an increase in homeless or an increase in adolescent smoking marijuana I could not find it.

Pueblo became headline news for scholarships funded by local marijuana consumption tax. Last year, the county provided scholarships of $ 42 million to 210 students. According to KOAA, the tax is expected to reach 750,000 dollars, so the number of scholarships in the county tripled this year.

According to a new report from Cannabis Analyst New Frontier, legalization of marijuana at the federal level may add an additional $ 105.6 billion between 2017 and 2025. This figure includes business tax revenue, withholding tax, and sales tax estimate of 15%. At the same time, full legalization of today's marijuana will increase 654,000 jobs and 1 million jobs by 2025.

It is clear that legalization of marijuana benefits regional economies with a strong regulatory framework. According to a local government survey in Colorado state, contrary to the concern that retail cannabis may adversely affect the value of real estate, it turned out that legalization actually increased housing value by 6%.

But legislators should be cautious about legalizing marijuana only for potential economic benefits. The first 'marijuana tizar' in Colorado State, Andrew Friedman is currently consulting on the legalization of the government, and he warned against repeat tax legislation.

As he told me in an interview in 2016, "The debate should not be about taxation in the end" Should we confine a few people to smoke marijuana? And does this place more burden on public safety? '- This is the focus of discussion. "

Fragmented legal means caused confusion between Canadians and users. But from an economic point of view, the legalization of cannabis will benefit the economy and cannabis startup. Since it is legal at the national level, companies that handle cannabis can use banks and stocks like any other business. They can also be sponsoring peer-reviewed medical research. According to estimates, the industry's annual turnover is expected to reach $ 6.5 billion.

It is clear that legalization of marijuana benefits regional economies with a strong regulatory framework. According to a local government survey in Colorado state, contrary to the concern that retail cannabis may adversely affect the value of real estate, it turned out that legalization actually increased housing value by 6%.

Legislation of marijuana is a concept that brings benefits to the people and the regional economy. The question of whether legalization of marijuana should be legislated is being discussed nationwide. The main consensus is that hemp is not only bad for your health but also dangerous for your community. These arguments are not true. Cannabis actually has health benefits that most people ignore. It is important to understand many of the problems of legalization of marijuana in order to better understand how legitimization of marijuana for medical purposes brings benefits to individual health and raises economic efficiency .