Is legalized marijuana good for the economy?? US Citizens might talk here..

[ArcticCrawler]

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.

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[Gagah119]

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.

[Ridwan Fauzi]

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.

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.

[fasdorcas]

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.

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.

[aleksnutis]

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.

[jademaxsuy]

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??

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.

[squog]

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.

[Scompe_BTC]

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.

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".

[indrakusumaindra]

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??

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.

[iMark]

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.

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

[wahyu wida]

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.

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

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

[agentx44]

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??

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.

[bajingluncat]

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

[Wayan_Pedjeng]

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.