There has long been immense controversy surrounding the legalization of marijuana, due to always being taught that marijuana is a drug of abuse. A number of states have already made the leap into marijuana legalization, but many sit back still most likely due to the fact marijuana is currently a forbidden medication in Schedule I of the Controlled Substances Act. Even though medicinal marijuana is considered a drug of abuse, medicinal marijuana should be legalized due to its various medical uses, the extravagant profit to be made, and the dramatic impact it would have on the Black Market drug trafficking area.
Firstly, medicinal marijuana has many useful medical qualities that would help to classify it as a medicine. With many HIV or cancer …show more content…
A recent finding in a paper from Harvard suggests that the government could save $7.7 Billion annually from just legalization. But if they were to tax marijuana like they do tobacco and alcohol, they could earn up to an extra $6 Billion of taxation profits. Thus bringing the grand total to $13.7 Billion of total savings annually from the legalization of a single plant. Colorado being the first to legalize recreationally, raked in $60 Million in marijuana taxes and licensing fees that would normally be allocated towards the fight against marijuana. The good thing about the taxation of marijuana is tax payers get to vote where they want each percentage of the profits from marijuana to go. The city of Denver, for example, received $128,586 after the profits were distributed between tax payers of the public. The monthly revenue of marijuana continues to increase as well from $3.2 Million to $7.6 Million in 10 months after legalization. All this profit AND voters get to choose where the money gets spent? What more could you ask for. Instead of paying outrageous taxes for government building or state construction for schools or roadways, we could just allocate taxation profits from marijuana towards it and spare tax payers some …show more content…
Contrary to popular belief, most heavy drug users began with not marijuana but with nicotine and alcohol before they were legally allowed to consume such items. Another hurting factor is again the Black Market. If younger adults had not been exposed to the illegal activity of buying or selling marijuana thus exposing them to other drugs, they wouldn 't do them. If you could legally buy marijuana from the state you wouldn 't be exposed to harder drugs as you would purchasing
Firstly, medicinal marijuana has many useful medical qualities that would help to classify it as a medicine. With many HIV or cancer …show more content…
A recent finding in a paper from Harvard suggests that the government could save $7.7 Billion annually from just legalization. But if they were to tax marijuana like they do tobacco and alcohol, they could earn up to an extra $6 Billion of taxation profits. Thus bringing the grand total to $13.7 Billion of total savings annually from the legalization of a single plant. Colorado being the first to legalize recreationally, raked in $60 Million in marijuana taxes and licensing fees that would normally be allocated towards the fight against marijuana. The good thing about the taxation of marijuana is tax payers get to vote where they want each percentage of the profits from marijuana to go. The city of Denver, for example, received $128,586 after the profits were distributed between tax payers of the public. The monthly revenue of marijuana continues to increase as well from $3.2 Million to $7.6 Million in 10 months after legalization. All this profit AND voters get to choose where the money gets spent? What more could you ask for. Instead of paying outrageous taxes for government building or state construction for schools or roadways, we could just allocate taxation profits from marijuana towards it and spare tax payers some …show more content…
Contrary to popular belief, most heavy drug users began with not marijuana but with nicotine and alcohol before they were legally allowed to consume such items. Another hurting factor is again the Black Market. If younger adults had not been exposed to the illegal activity of buying or selling marijuana thus exposing them to other drugs, they wouldn 't do them. If you could legally buy marijuana from the state you wouldn 't be exposed to harder drugs as you would purchasing