Economic Benefits of the Legalization of Marijuana

The Economic Benefits of the Legalization of Marijuana

Crimes related to marijuana have gotten out of control in our society. With more than 750,000(MPP.org) people arrested annually on charges related to marijuana it's clear that a change needs to occur. A clear choice would be to crack down on the sale and manufacture of marijuana, but the smarter choice would be to legalize it.

There are many economic benefits to the legalization of marijuana. The economic benefits that producers and consumers would receive are numerous, the tax that could be placed on a product would make the government a main benefactor as well, as well as the money saved on the enforcement of marijuana prohibition.

The first argument for the legalization of marijuana would be that of the economic benefits that producers and consumers would receive. Farmers would be the most likely to start producing marijuana because it is easy to grow and maintain. One source estimates that "marijuana would currently cost on $1.35 lbs. to grow […]