Can legalisation of Cannabis help US economy?

[Mauser]

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.

But is the legalisation of cannabis across the US really going to bring a lot of new people to use cannabis? I would assume the people who want to take weed are already doing so today. You can buy it any big city even though it's illegal. Just look at the Netherlands for example, you have plenty of coffee shops across the country and only a few dutch people actually smoke. Most of the visitors are tourist. I believe that making cannabis legal would also make it less interesting for kids to try it, when it's not illegal anymore it loses it's charm.

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[bryant.coleman]

But is the legalisation of cannabis across the US really going to bring a lot of new people to use cannabis? I would assume the people who want to take weed are already doing so today. You can buy it any big city even though it's illegal. Just look at the Netherlands for example, you have plenty of coffee shops across the country and only a few dutch people actually smoke. Most of the visitors are tourist. I believe that making cannabis legal would also make it less interesting for kids to try it, when it's not illegal anymore it loses it's charm.

A lot of studies have been done on this aspect, and it was found that legalization may cause an increase in demand for a very short period. However, after the initial euphoria is gone, the demand nosedives. And within a few months, the demand will decline to a level, that is lower than what they had earlier. You are right in saying that when something is no longer illegal, it loses its charm. 

[jaysabi]

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's downright amazing how all these republicans who used to extol the dangers of cannabis have now come around and are advocating for legalization now that they stand to profit from it.  To be clear, Daschle is on the advisory board of Clever Leaves, a cannabis company.  He stands to profit personally from legalization.  So to recap, before he could profit off legalization, it was bad.  Now that he can profit off legalization, it's good.  This guy's a hypocrite specifically because the arguments that legalizing cannabis would help the economy and boost tax revenues was not persuasive to republicans before they all started getting on the boards of these companies, and now they're using those same arguments they used to not believe because it will enrich them personally.

[inoes]

actually cannabis is a commodity that is in great demand by many circles ... but unfortunately too many abuse this object so that it needs to be limited and regulated by the Government by only being used in the health sector and the like. If indeed cannabis can make the economy productive, it will greatly help the US Economy. but the negative impact is no less troublesome for America

[jaysabi]

But is the legalisation of cannabis across the US really going to bring a lot of new people to use cannabis? I would assume the people who want to take weed are already doing so today. You can buy it any big city even though it's illegal. Just look at the Netherlands for example, you have plenty of coffee shops across the country and only a few dutch people actually smoke. Most of the visitors are tourist. I believe that making cannabis legal would also make it less interesting for kids to try it, when it's not illegal anymore it loses it's charm.

A lot of studies have been done on this aspect, and it was found that legalization may cause an increase in demand for a very short period. However, after the initial euphoria is gone, the demand nosedives. And within a few months, the demand will decline to a level, that is lower than what they had earlier. You are right in saying that when something is no longer illegal, it loses its charm.  

I'm interested in this, because this is contrary to what I've seen.  Desire for alcohol didn't drop after prohibition ended and it became legal again.  Similarly, Colorado has legalized cannabis since 2014, and demand hasn't dropped off there either.  July was the biggest month yet for sales in Colorado, and that's despite the Coronavirus restrictions:  https://www.denverpost.com/2020/09/15/marijuana-sales-record-200-million/

Also, Oregon has also had legal cannabis since 2015, and set back to back sales records in March and April of this year, also despite Covid restrictions:  https://www.kgw.com/article/news/health/coronavirus/oregon-sees-record-breaking-89-million-in-marijuana-sales-for-april/283-fae5cbc4-0d25-4936-b749-bf049a408270

I think initially there is a huge spike in demand that might wane immediately after, but I don't see demand dropping to before it was legal.  Colorado and Oregon are two particular instances that suggests otherwise.

[panganib999]

Legalization of cannabis as a whole thing? Meaning that everyone or anyone can have a legal access on it? I think it would cause another trouble. Yes it might save up the US economy due to high demand of cannabis and the price value it have, surely it would help with regards to the financial problem of the economy but the consequence would be the other problematic one. This is all due because the effect of cannabis would take in place even for a short period of legalization. The financial problem would be resolved but another health related problem would arise concerning mental health for abusive usage and consumption once it become legalize. But if there would be certain regulation coming from the government on how clearly it would manage the legalization like it was only limited for health groups for it is said that cannabis have that certain composition helpful for the health. But if everyone would be accessing it openly, I think that would make trouble seriously.

[exstasie]

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.

It's downright amazing how all these republicans who used to extol the dangers of cannabis have now come around and are advocating for legalization now that they stand to profit from it.  To be clear, Daschle is on the advisory board of Clever Leaves, a cannabis company.  He stands to profit personally from legalization.

Daschle is a Democrat, but to be fair the Democrats have always been almost as anti-marijuana as the Republicans. Both parties have traditionally been in the pocket of drug companies who have every interest in keeping cannabis illegal.

Here is the important thing: he isn't just on the board of a pot company. Like most former legislators, he is a paid lobbyist. He's working for the pot companies through his law group at mega lobbying firm Baker Donelson. And that's the problem with the American legislative system. The whole system is a revolving door between lobbyists and legislators. If you want to change the law, you need to shell out massive payments to lobbyists like Daschle, who can grease the wheels through his legislator cronies.

So to recap, before he could profit off legalization, it was bad.  Now that he can profit off legalization, it's good.

That's how all legislative questions break down: who profits? Once you find your answer, you'll find who is behind the passage of the law. Cannabis companies are becoming a powerful lobbying and campaign fundraising force. The mainstream drug companies, at some point, won't be able to pay lobbyists and politicians enough to stop them. And that's how anti-marijuana politicians become pro-marijuana politicians. The supporters lining their coffers change.

[jaysabi]

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.

It's downright amazing how all these republicans who used to extol the dangers of cannabis have now come around and are advocating for legalization now that they stand to profit from it.  To be clear, Daschle is on the advisory board of Clever Leaves, a cannabis company.  He stands to profit personally from legalization.

Daschle is a Democrat, but to be fair the Democrats have always been almost as anti-marijuana as the Republicans. Both parties have traditionally been in the pocket of drug companies who have every interest in keeping cannabis illegal.

Here is the important thing: he isn't just on the board of a pot company. Like most former legislators, he is a paid lobbyist. He's working for the pot companies through his law group at mega lobbying firm Baker Donelson. And that's the problem with the American legislative system. The whole system is a revolving door between lobbyists and legislators. If you want to change the law, you need to shell out massive payments to lobbyists like Daschle, who can grease the wheels through his legislator cronies.

So to recap, before he could profit off legalization, it was bad.  Now that he can profit off legalization, it's good.

That's how all legislative questions break down: who profits? Once you find your answer, you'll find who is behind the passage of the law. Cannabis companies are becoming a powerful lobbying and campaign fundraising force. The mainstream drug companies, at some point, won't be able to pay lobbyists and politicians enough to stop them. And that's how anti-marijuana politicians become pro-marijuana politicians. The supporters lining their coffers change.

Ah fair point on the correction, my mistake on mistaking Daschle for a republican.  I was thinking of John Boener, who was anti-marijuana while he was Speaker and in Congress and now is a big advocate for legalization (surprise surprise, he's on the board of a MJ company) because he said he views have "evolved."  Read that as, he's now going to make a lot of money under legalization, whereas before he wasn't, and that's what we call "evolution."

[bitgolden]

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.

But is the legalisation of cannabis across the US really going to bring a lot of new people to use cannabis? I would assume the people who want to take weed are already doing so today. You can buy it any big city even though it's illegal. Just look at the Netherlands for example, you have plenty of coffee shops across the country and only a few dutch people actually smoke. Most of the visitors are tourist. I believe that making cannabis legal would also make it less interesting for kids to try it, when it's not illegal anymore it loses it's charm.

It is going to take a while that people get used to the fact that people could actually smoke weed right in the open and nothing will happen because it is legal, that will take some time in people's minds because there are still some 60+ year old white old ladies who will see some black teenagers smoking weed and they will all still think racist stuff instead of just couple of teenagers having some fun. Think about it this way, in 60's there was civil right movement and blacks tried to get same rights as whites and even today in 2020 there are riots about how cops kill blacks, these things take time to go away, sometimes never.

So, weed has a long way to go before it could actually be alright in the eyes of many, I am not sure if it could help but it will surely get better over longer period of time.

[barbara44]

That is true for sure, if the government should legalize marijuana and other weed stuffs, it’s going to benefit the economy in many ways, but I think the reason why they don’t want to legalize it is because they are trying to protect people from substance abuse. If they should legalize it it’s going to help the economy in so many ways and the first thing is that the cost of law enforcement will be reduced drastically, and instead of investing all those money in law enforcement, the government will then be able to invest the money in the other areas that’s going to help benefit the economy.

[bits4books]

The main question is about legalizing what kind of marijuana we are talking about. Still, we understand that it is bought in those varieties where the THC content is quite good and which has just the effect due to which cannabis has already spread.
No one will legalize cannabis with THC of 15-30% or more because it is clear to everyone that they will be behind this. They will cost very small amounts which in the end will not significantly affect the black market of drugs and will also create additional loopholes for corruption. Legalization is not bad of course but whether it should be considered as a salvation and panacea for the economy is the most controversial decision.

[Silberman]

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.

The problem we are facing is systemic and it is not only happening in the US since most countries are heavily indebted, meaning that sooner or later all of the creditors at some point will want to get paid and for the most part the only option from governments will be to sell most of their resources which will lead to the privatization of many public services and it will lead to inflation as countries find no other way to solve their problems but this will ruin the economy of the country for generations to come.

[romeojasmin13]

Of cause it can help in a short term just like it was in Colorado or Washington. There are numerous economic benefits of legalizing cannabis: increased tax revenues, job growth, and investment opportunities.

[int03h]

That is true for sure, if the government should legalize marijuana and other weed stuffs, it’s going to benefit the economy in many ways, but I think the reason why they don’t want to legalize it is because they are trying to protect people from substance abuse. If they should legalize it it’s going to help the economy in so many ways and the first thing is that the cost of law enforcement will be reduced drastically, and instead of investing all those money in law enforcement, the government will then be able to invest the money in the other areas that’s going to help benefit the economy.

Legalizing cannabis could make America worse and worse. A part of teenagers will be exposed to more marijuana sooner.
Race degradation, a high-risk health threat. The consequences will be seen in 50 years if they intend to do it now.
We must estimate the economic efficiency and welfare costs of cannabis addicts.
The majority of countries ban marijuana and drugs, they understand its harmful effects. This would be a controversial proposition.

[Maroons]

That is true for sure, if the government should legalize marijuana and other weed stuffs, it’s going to benefit the economy in many ways, but I think the reason why they don’t want to legalize it is because they are trying to protect people from substance abuse. If they should legalize it it’s going to help the economy in so many ways and the first thing is that the cost of law enforcement will be reduced drastically, and instead of investing all those money in law enforcement, the government will then be able to invest the money in the other areas that’s going to help benefit the economy.

Legalizing cannabis could make America worse and worse. A part of teenagers will be exposed to more marijuana sooner.
Race degradation, a high-risk health threat. The consequences will be seen in 50 years if they intend to do it now.
We must estimate the economic efficiency and welfare costs of cannabis addicts.
The majority of countries ban marijuana and drugs, they understand its harmful effects. This would be a controversial proposition.

Once they legalized the use of it a lot of people not only teenagers will be exposed to it and it will have a bad effect in the long run, in the short run we may see growth in job offers, taxes and more that will help the economy but imagine how many people will abuse using it, people's future might be in trouble or should i say the country's future might be in trouble, legalization of it may bear problems in the future that will trouble the government. Its has its pros and cons but we shouldn't always think about the pros, the cons will be heavier to deal with in the upcoming years if it happens to be legalize

[Salauddin1994]

It will usually depend on the government of the country to get legitimacy if the government supports it but it is better not to give legitimacy it is a kind of drug which will lead our youth to the path of destruction. It will not help the economy to improve but it will bring the economy down a lot without proper connection to the law the country will become a drug that's why i think legalizing cannabis helps the us economy but is a threat to other countries.

[Janation]

Of cause it can help in a short term just like it was in Colorado or Washington. There are numerous economic benefits of legalizing cannabis: increased tax revenues, job growth, and investment opportunities.

I am against this.

I know that this is a medical drug that can be used to patients but legalizing it as a recreational drug could open opportunities yes, but would affect the country as a whole. That might affect jobs, would potentially increase the crime rate and I am not just talking about an increase but a massive increase that could also affect the country negatively.

[Bitcoinenthusiasts23]

Definitely. Export prospects are good and this will help improve the deficit of the U.S economy.

[bryant.coleman]

It will usually depend on the government of the country to get legitimacy if the government supports it but it is better not to give legitimacy it is a kind of drug which will lead our youth to the path of destruction. It will not help the economy to improve but it will bring the economy down a lot without proper connection to the law the country will become a drug that's why i think legalizing cannabis helps the us economy but is a threat to other countries.

"Path of destruction"? Dude, you don't know anything about weed. Almost half of the world's population have consumed weed at some point. Did all of them got their lives destroyed? Weed is increasingly getting legalized all over the world, because the governments have realized that they are no more harmful than tobacco or alcohol. Infact weed as a painkiller is much more effective than all those synthetic painkillers available at the market.

[FlightyPouch]

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.

Thats will be the main problem when that time comes. Criminal activities will increase as this drug can be used anytime, as guns are so normal to own in US, it will be a good pair in my opinion.