Can legalisation of Cannabis help US economy?

[bryant.coleman]

Cannabis legalization could help the U.S. economy because global climate change has had an impact on the U.S. The country's agriculture is in danger. Once known as the bread basket of the Middle East the country's farmers are now unable to cope with the changing climate and have resorted to cannabis cultivation to alleviate the economic woes. The government is trying to legalize cannabis considering the country's economic situation as it is possible to cultivate it in drought prone weather and relatively low water. since the cultivation of Gaza has not yet been legalized it will pose a great risk to them.

USA is so huge that climate change will not damage its agriculture much. They will just move it elsewhere, if on some areas will be to hot and plant there plants that need less water. Climate change will be devastating for smaller countries. Well not devastating. But will demand for them big changes to take.

Wow! Do you think that it is that easy to abandon established farms and re-establish them elsewhere? Most of the farms in the United States have seen heavy investments, in terms of equipment, precision leveling.etc. Not all of these investments can be shifted and some needs to be abandoned. It is going to be a very costly exercise. Also, if the farms need to be setup in the interior areas, a lot of the national parks and national reserves needs to be reclassified to make land available.

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[ampu]

Remember that to kill people, it is enough to eliminate schools and make people addicted to alcohol, beer, cigarettes, and drugs.
The legalization of cannabis will create a trend among the population. They will use more marijuana. In the long run, it will affect the health of the race, reduce labor productivity. And so is less developed.
Not to mention that the abuse of marijuana will cause detox organizations to sprout. Thus, the cost of social welfare will skyrocket.
The US economy is weakening, legalization of cannabis is only making the US economy worse.

[noorammak]

The legalization of cannabis has only increased drug-related crimes and other social problems such as robbery, drop out of school, illness, economic decline.
I realize that when it comes to legalizing marijuana there will be more harm than good. 100 billion dollars is big, but it's not as big as spending the budget to fix the effects of cannabis.

[shoreno]

of course it can help  . we already know that canabis is so indemand , legal or not but much more if it will be fully legal but it can also give bad impression to other because this can cause addiction if over used  . this is 50/50 and this can make or break one's country  so i dont recomend it to them . better if they think of other safer or more legal alternatives .  why u.s is so concerned on thier economy  , are they afraid to be left behind  . thats also not possible because other countries do also improve slower

[plvbob0070]

There are always two sides to this issue and if ever they will legalize it, of course, it may help their economy, but don't expect that it will give a huge impact on the economy since there are still a lot of people who oppose to this. This has been a debate for a long time because of its positive and negative side effects, it may have a good effect but people can abuse it once it becomes legal.

So for me, I would say that if they are just looking for something that could help the economy, why not just focus on other things aside from legalizing cannabis. But it would be fine legalizing it unless you trust the government enough that they will provide enough restriction and there would be no abuse of it.

[Silberman]

According to former Senator Tom Daschle legalising Cannabis can partially solve US economy’s problems in the short term, and it can even help to stabilise the US economy in the long run.

The Senator has further claimed that Cannabis is an $16 billion dollar industry, and it has the potential to become a $75 billion industry in the long run.

Also he’s acknowledged the fact that Cannabis is approved in 40 states, and if it’s legalised in all the states then it could create much needed jobs, and even the government can benefit from the taxes levied on it’s sale.

Last in my opinion whoever wins the upcoming election will not approve this idea instantly, but what do you’ll think can legalising Cannabis can actually help the US economy in the short term?.

Source:

https://thehill.com/opinion/healthcare/515299-one-cure-for-an-ailing-american-economy-legalize-cannabis

It will help without a doubt after all we are talking not only about an increase in the revenue of the government by legalizing this industry but we also have to take into account the reduction in the costs of police departments as they no longer need the resources to go against those selling cannabis if it is now legal, this could also have good effects for the prison system that is already overloaded as people that in the past were arrested for being in possession of cannabis will now not go to jail as it will be legal then.

[exstasie]

Why would it?

If it becomes legal, everybody would grow their own plant instead of buying it from someone else.

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.

Cig companies like marlboro will take a hit too.

Making weed legal would be a net negative to the economy actually.

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.

[yulchatar]

Why would it?

If it becomes legal, everybody would grow their own plant instead of buying it from someone else.

Cig companies like marlboro will take a hit too.

Making weed legal would be a net negative to the economy actually.

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.

[exstasie]

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.

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.

[mindrust]

As far as I know, there are limits on the amount of marijuana that can be grown at home, just a few plants.

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.

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.

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

[Twentyonepaylots]

As far as I know, there are limits on the amount of marijuana that can be grown at home, just a few plants.

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.

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.

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.

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

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!

[ChiBitCTy]

Cannabis legalization could help the U.S. economy because global climate change has had an impact on the U.S. The country's agriculture is in danger. Once known as the bread basket of the Middle East the country's farmers are now unable to cope with the changing climate and have resorted to cannabis cultivation to alleviate the economic woes. The government is trying to legalize cannabis considering the country's economic situation as it is possible to cultivate it in drought prone weather and relatively low water. since the cultivation of Gaza has not yet been legalized it will pose a great risk to them.

USA is so huge that climate change will not damage its agriculture much. They will just move it elsewhere, if on some areas will be to hot and plant there plants that need less water. Climate change will be devastating for smaller countries. Well not devastating. But will demand for them big changes to take.

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.

[mezzaluna]

Cannabis legalization could help the U.S. economy because global climate change has had an impact on the U.S. The country's agriculture is in danger. Once known as the bread basket of the Middle East the country's farmers are now unable to cope with the changing climate and have resorted to cannabis cultivation to alleviate the economic woes. The government is trying to legalize cannabis considering the country's economic situation as it is possible to cultivate it in drought prone weather and relatively low water. since the cultivation of Gaza has not yet been legalized it will pose a great risk to them.

USA is so huge that climate change will not damage its agriculture much. They will just move it elsewhere, if on some areas will be to hot and plant there plants that need less water. Climate change will be devastating for smaller countries. Well not devastating. But will demand for them big changes to take.

Wow! Do you think that it is that easy to abandon established farms and re-establish them elsewhere? Most of the farms in the United States have seen heavy investments, in terms of equipment, precision leveling.etc. Not all of these investments can be shifted and some needs to be abandoned. It is going to be a very costly exercise. Also, if the farms need to be setup in the interior areas, a lot of the national parks and national reserves needs to be reclassified to make land available.

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.  

[electronicash]

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.

[worldofcoins]

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.

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.

[exstasie]

maybe legalize the poppy plants as well while they are up there discussing about cannabis legalization.

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?

[Chrystora123]

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..

"As is well known, the opioid epidemic has increased in recent years," said study leader Nathan Chan, an economist at the University of Massachusetts, USA. The analysis found a 20-35 percent reduction in mortality from synthetic opioids such as fentanyl, the deadliest drug in the US. "The policy of legalizing the use of marijuana through pharmacies has led to a reduction in mortality [from opioids],"

[Krabby]

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.

[Findingnemo]

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..

"As is well known, the opioid epidemic has increased in recent years," said study leader Nathan Chan, an economist at the University of Massachusetts, USA. The analysis found a 20-35 percent reduction in mortality from synthetic opioids such as fentanyl, the deadliest drug in the US. "The policy of legalizing the use of marijuana through pharmacies has led to a reduction in mortality [from opioids],"

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.

[yulchatar]

As far as I know, there are limits on the amount of marijuana that can be grown at home, just a few plants.

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.

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.

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

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.