The Economic Benefits of Legalizing Weed

The presidential election was not the only vote in November 2016 - some major countries also voted for the destiny of marijuana. Taking leaves from California, Nevada, Massachusetts, Maine states - Colorado or Washington book - decided to use cannabis for entertainment purposes. Florida, Arkansas, North Dakota voted for medical marijuana, Arizona canceled its movements. Economic benefits of legalizing weeds may mean a strong driving force for the national economy and great expense for the state and federal government.

Last year, sales of cannabis in Colorado and Washington State exceeded expectations, tax revenues increased. In 2015, Colorado collected more than $ 135 million for medical and entertainment marijuana tax. The state's total turnover is over $ 996 million. According to Arcview Market Research, sales in North America will increase by 30% to $ 6.7 billion in 2016 and are expected to reach $ 20 billion by 2021.

This is a carrot that is collapsing before many states. According to a survey of ICF International in April 2016, California is far beyond Colorado State, with revenue of more than $ 15 billion and tax revenue of $ 3 billion. Massachusetts' Senate Special Committee estimates that cannabis sales tax is between $ 50 million and $ 60 million. (Reference: What does Jeff Sessions mean for the marijuana industry?)

The establishment of hemp seedbeds and pharmacies will be the first step to vote for states supporting medical cannabis. These not only create employment but also can lay the foundation for economic activity in the pot industry in these areas.

If infrastructure such as California or Nevada already exists, the economic impact will be quantified as the sector matures.

According to research by RCG Economics and the Cannabis Policy Group of Nevada State, legalization of marijuana for state recreation supports more than 41,000 jobs by 2024 and can generate labor income of more than 1.7 billion dollars.

According to the ICF survey, California has at least 81,000 direct, indirect, and inducted employment in California because sales of cannabis are legalized. It also expects total labor income to increase by at least $ 3.5 billion.

The industry certainly makes good predictions, but if Jeff Sessions withdraws the Cole Memorandum, it could be immediate suppression and the latter leads prosecutor on prioritizing cannabis law. In any case, I have a big chance

Although legitimization of marijuana has many advantages and disadvantages, it is told slowly that the pros and cons of opposing legalization of weeds is being questioned. Almost 13 states in the US are permitted to use cannabis for medical purposes. If the crop is legalized, California weeds will be legalized, and one of the states that can benefit more from the benefit has been debated for some time now. Voters rejected prepositions in the 2010 referendum, but supporters proposed another campaign in 2012. If this preposition is passed, citizens aged 21 and older can have up to 1 ounce of marijuana. It may also include clauses that allow citizens to raise plants with 5 feet by 5 feet of land. In this discussion let's look at a number of pros and cons for legalizing weeds in a general discussion.

Before continuing to understand the various strengths and weaknesses of legalization of weeds, it is important to know what weeds are and why weeds are illegal. Weeds and marijuana are flowers of cannabis that are dried and used for recreational and medical purposes. In some places, consumption of marijuana is thought to be mentally strengthened. Cannabis plant flowers are also used for the production of animal foods, chemicals, ropes. Weeds and marijuana were not regulated before the 20th century, but because research and research are related to violence and crime, allegations against marijuana are increasing and illegal.

Cannabis is currently the center of massive debate and public policy development in the United States. Supporters of cannabis want to legalize plants for medical purposes (marijuana is legal in many states), but opponents are at risk of weeds presenting serious health threats to users, addictive I assert that it is a portal drug. . But why do we have to weed first?

That is legitimization of marijuana. "Weeds" are currently used for various purposes. Both medical weeds and casual weeds are part of this world. For this medicine, the US government has fought this natural thing and has destroyed it. It turned out to be better than the world's alcohol and many others. Weeds as natural products have many advantages and disadvantages, but good weight is greater than disadvantages. Cannabis is harmless to it