Can legalisation of Cannabis help US economy?

[Shasha80]

I don't think it's a good idea to legalize Cannabis to help the American economy. As we all know the psychological effects of Cannabis
can cause schizophrenia, which causes euphoria to hallucinations for the user. So it's very risky to legalize Cannabis, I think there are
many better ways to help the American economy than legalizing Cannabis.

[worldofcoins]

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

I think it will to some degree but not completely.
Cannibis slows down the mind in long run if cannibis is consumed then it can lead to addiction for most people.
However US's economy really took a bad hit.

[Bezobraznike]

-Seen

I think it will to some degree but not completely.
Cannibis slows down the mind in long run if cannibis is consumed then it can lead to addiction for most people.
However US's economy really took a bad hit.

   
   I think that effects of smoking Cannabis is important here. People use it and we can't forbid people to use it, legal or illegal
people smoke pot. But why to be illegal, when if it's legal it will be better for everyone. Do you know how many non-violent
offenders there are? Instead, country to earn from legal Cannabis and everyone to be happy we have countries that arrest
people for smoking pot, and in that way they spend tax money for nothing.

[pixie85]

I don't think it will solve the problem but it can help.

Legalization means less dirty product on the street, people not getting arrested for possession which means less time spent on chasing and processing them by the police. The police would be able to focus on real crimes instead of chasing kids.

I also don't think that alcohol is less addictive or unhealthy than weed. If alcohol is legal why not weed?

[bryant.coleman]

I don't think it will solve the problem but it can help.

Legalization means less dirty product on the street, people not getting arrested for possession which means less time spent on chasing and processing them by the police. The police would be able to focus on real crimes instead of chasing kids.

I also don't think that alcohol is less addictive or unhealthy than weed. If alcohol is legal why not weed?

Commonsense doesn't work, when people who are brainwashed by radical religious views hold power. Ideally weed should have been legal all over the world. Not because more harmful substances are legal, but because it is the individual choice of a person to use it or not. Slavery to organized religion has made us to believe that for the betterment of an individual, the authorities should curtail his liberty and dictate the terms of his private life. 

[Latviand]

Legalization of Cannabis is not that easy to achieve especially if the government and its people is not open-minded to do it. It is true that cannabis can be abused because it is addictive, although its benefits in our health our really good and essential but we need to consider other factors such as addiction and crimes. I also want cannabis to become legalized and be regulated properly so that there will be no conflict towards it and its people. Also, cannabis will surely help the economy grow because as we are not seeing those people making transactions with it, there are people who are rooting for a legal transaction of cannabis in the market which is really hard to see in the future.

[giammangiato]

Yes this is an easy quesiton, the legalization of Cannabis will certly help the economy of all the states. I believe in this legalization because in this way all the citizens will pay taxs on it and those will go to help the sanitary system, schools, events.

[Vishnu.Reang]

The legalization of cannabis can obviously reduce the crime rate, as the business will move away from the street gangs. There may be some impact on the incarceration rate as well. It will have a minuscule impact on the government tax revenues. So I would say that the legalization may help the society, but I don't think that it can have a big impact on the economy.

[SquallLeonhart]

Health is already something very important, it is very sad that everyone thinks weed is something that makes you high and that is it, there is really no downside to it when you compare to tobacco for example, and tobacco has been legal for a long time. Obviously you could make laws like "do not smoke and drive" type of situations which is important, however if people can drink beer or smoke tobacco and you think weed should be illegal you are really not well versed in weed itself. Some people even think that big drugs like heroin or cocaine is actually on the same class as weed which it is not.

The real sad part is, while weed is getting more and more legal, we have thousands of people in jail for selling weed back in the day when it was illegal, those people should be let go as well when it becomes legal.

[CODE200]

If the concern is just to help the stabilization of the financial sector to help the US recover from the great loss brought by this pandemic and what they can see as a way to deal with it is to legalize cannabis which will potentially make a big entrance of money, then I guess it would be possible to help the US economy but that would be just if the concern is about financial. But how about the sake and welfare of its people? Yes, it is also a must that people's health must be in concern for there is just a small composition of cannabis that is good for the health and improper usage of it would make a worst scenario of addiction. The problem could be solve with regard to financial but the health is at stake, then such action would be senseless.

[Silberman]

I don't think it's a good idea to legalize Cannabis to help the American economy. As we all know the psychological effects of Cannabis
can cause schizophrenia, which causes euphoria to hallucinations for the user. So it's very risky to legalize Cannabis, I think there are
many better ways to help the American economy than legalizing Cannabis.

I think it is too late many states have legalized cannabis already and the tendency is for this number to increase, an I think we are seeing similar tendencies all over the world, as such it is impossible to stop and while no market is big enough to completely erase the crash we suffered because of this pandemic it could help alleviate some of the worst symptoms of this crisis by creating new jobs in an economy desperate for them, however we need to be careful there are many that are pushing for an increase in the number of substances that are now illegal to stop being so and this is a dangerous attitude since there are drugs that are extremely addictive that should never be legal.

[mindrust]

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.

Buy who is going to buy weed from someoneelse when it is legal to grow your own? It doesn't make sense to me. I don't understand its medical aspect neither. I believe there are many alternatives to THC as painkillers.

[Vishnu.Reang]

Buy who is going to buy weed from someoneelse when it is legal to grow your own? It doesn't make sense to me. I don't understand its medical aspect neither. I believe there are many alternatives to THC as painkillers.

I am also not of the opinion that THC is a miracle cure. But at the same time, there should be freedom to chose between various options. Those who want to use painkillers from big-pharma companies can do that. But those who want to use cannabis oil as a painkiller should have the liberty to do that as well. Also, even if it is legal to grow the plant, I don't think that a lot of people would be doing it. Growing and harvesting the plant takes a lot of time and effort. Rather than doing that, a lot of the users would just purchase it from the shop for $10 or $20.

[AniviaBtc]

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.

It is too obvious that cannabis do really have a lot of consumer due to its benefits and it will surely become popular in the market.

There are a lot of people who are pushing, protesting, and rooting for Cannabis to be legalized and open to a certain country. The only thing that will possible make it put into place is its regulation to prevent addiction and illegal transaction in it. What matters the most is that, people who needs it medically will not have any hassle using and buying this whenever they need it and businesses will surely have an upward movement in its demand that can make the economy grow.

[beerlover]

People think that when you make weed legal it will suddenly be enough to cover all the expenses but in reality USA is in big trouble and just one more sector will not be solution to anything. Obviously it is money generated for the government, they tax it now instead of spending money to prevent it (which they still do in some states) which means not only they do not lose money on it, they make money on it, and this makes people think that many problems could be solved thanks to this move.

However reality is we are talking about over 20 trillion dollar debt and such a horrible inflation very soon, how could just weed sector handle such a huge task to overcome that much trouble? It can't, not alone, it is not possible but it is surely a small help for it.

[mu_enrico]

I think cannabis, similar to alcohol, tobacco, and gambling has a significant revenue (tax) potential for the country. It's just a matter of weighing pros vs cons and AFAIK cannabis is less harmful than tobacco and alcohol. That said, it should be fine if and only if the study (about cannabis health and safety) is correct.

Okay, let's stop on cannabis since other substance like cocaine and stuff are way more dangerous. IMO if tax benefit outweigh the addiction problem and reduce in productivity (because of addiction) or perhaps increase in productivity, cannabis should be legal.

[bryant.coleman]

People think that when you make weed legal it will suddenly be enough to cover all the expenses but in reality USA is in big trouble and just one more sector will not be solution to anything. Obviously it is money generated for the government, they tax it now instead of spending money to prevent it (which they still do in some states) which means not only they do not lose money on it, they make money on it, and this makes people think that many problems could be solved thanks to this move.

However reality is we are talking about over 20 trillion dollar debt and such a horrible inflation very soon, how could just weed sector handle such a huge task to overcome that much trouble? It can't, not alone, it is not possible but it is surely a small help for it.

Your points are valid. But then the topic is on how the legalization of weed can help in the recovery of the American economy. No one is claiming that this sector alone can rescue the economy, which looks to be in a very bad state right now. The COVID 19 pandemic was like the last nail in the coffin for the economy. The government was doing all that it could, to keep the federal debt under $20 trillion levels. But with the stimulus measures that were necessitated by the pandemic, it can easily go to 23-24 trillion USD by the time of the POTUS elections.

[AicecreaME]

I think legalizing marijuana can boost the US economy for a short period of time ONLY. And will not sustain economic growth in the long run.

Sure, it will have a lot of sales at first because whether we admit it or not, there are many people using it discretely for entertainment and leisure purposes. Another thing that will benefit from its legalization is the health sector since it is used for medication of various diseases. However, if it will be legalized, they can’t totally monitor where it will be used for. It can definitely be abused which is why it isn’t legal yet. Not just in US, but also in majority of the countries in the world.

It can have its small good impact for the economy of US for the time being it will be legalized, but it can also bring a lot of headaches and problems. The government can’t really regulate it fully because people can find ways to get what they want. If they can buy marijuana now it isn’t legalized yet, what more if it’s already legalized by the state. They can always make their reasons to escape a questioning.

Legalizing marijuana isn’t the best possible solution to bring back the glow of US economy, but the vaccine to mitigate covid-19’s local transmission. Strengthening the different sectors and industries, and providing answers to existing problems should be the priority to stabilize and boost the economic growth again.

[Arkann]

One way or another, not only in the United States, but also in other civilized countries, soft drugs are sold and, no matter how law enforcement agencies interfere with the illicit traffic in cannabis, they still sell it, and demand is not only growing, but it is also stable. The fact is that kpnabis is not worse than alcoholic beverages, and this is a fact. I believe that with the legalization of cannabis, the state budget will receive a lot of money and this business will be controlled by the state, and not by criminal organizations.

[worldofcoins]

The legalization of cannabis can obviously reduce the crime rate, as the business will move away from the street gangs. There may be some impact on the incarceration rate as well. It will have a minuscule impact on the government tax revenues. So I would say that the legalization may help the society, but I don't think that it can have a big impact on the economy.

Can reduce the crime rate for sure but it will reduce the working of the population as marijuana consumption reduces the working of the brain.
And this can also create marijuana addicts, people can always meditate rather than relying on a substance to keep them high.
Unless it's recommended i condone the use of marijuana.