Economic growth and job creation have been some of the main arguments in favor of full legalization of marijuana. With billions of dollars circulating in the illicit cannabis market, it was to be expected that legalization would transfer some of that money into the legal economy. Let`s see how the different countries behave. The raids weren`t the only problem facing pharmacy owners: they also created the inevitable and complicated banking dilemma. State-regulated banks cannot work with companies that sell an illegal substance at the federal level. Most U.S. banks do not accept marijuana-related businesses, which is a major drag on the federal economy and state-owned enterprises, which still cannot accept credit or debit cards as payment. But talking about legalizing marijuana without mentioning the Netherlands would not be fair. There are even bars that are suitable for cannabis consumption like a restaurant. In the scientific field, there are conflicting opinions on the general trends in marijuana use after its liberalization. As we enter the era of legalization, it is also possible that delayed effects will manifest themselves while this is not the case in countries that have recently legalized cannabis.
Due to the absurd Dutch cannabis legislation, the economy does not receive a significant amount. Since it`s technically illegal to grow marijuana on a commercial scale, coffee shops secretly buy it from poachers. Therefore, they do not pay taxes on the purchase, although the coffee shops themselves pay income tax. This means that the Dutch government makes very little profit. In Uruguay, marijuana dispensaries and sellers have banking problems very similar to those in the United States, although it is a national program. Many U.S. companies work with U.S. banks to conduct international transactions, and many of them have been banned from selling cannabis due to U.S.
controlled substance laws. For this reason, there are few pharmacies willing to stock and sell marijuana. As in the United States, marijuana is only decriminalized at the federal level (it is not legal). As a result, the federal economy has little to gain. However, state economies have thrived thanks to the cannabis industry. One of the studies cited found that medical marijuana laws are associated with a 6% decrease in teen smoking and a 12% decrease in frequent teen tobacco use. Another study concluded that “the legalization of recreational marijuana is associated with a 12% decrease in tobacco demand.” We found several arguments in favour of legalizing marijuana, some for and some against. Therefore, socially and scientifically, there is a very deep debate about cannabis that we cannot ignore.
In a recent paper published by the National Bureau of Economic Research, economists D. Mark Anderson and Daniel I. Rees review dozens of studies examining the health consequences of medical marijuana laws. They are also evaluating the legalization of recreational marijuana (although data in this area is scarcer). Here are three of the main ways they conclude that legalization improves public health. However, even a year after legalization, all this is still not fully fulfilled. The black market continues to exist for dubious reasons: for example, some people don`t want to give out their full name and credit card details on a marijuana dispensary`s website. So far, however, Canada offers the best and most comprehensive legal framework for the reintroduction of cannabis into the market. Overall, marijuana legalization is having a huge impact on the world in many ways. Not only has it improved access to medical cannabis for those who can benefit from it, but it has also eliminated the need to acquire it dangerously and illegally. Marijuana is also helpful in combating two other very serious and widespread disabilities. Glaucoma is the second most common cause of blindness, caused by uncontrollable pressure in the eye.
Marijuana can control eye pressure and prevent glaucoma from causing blindness. The criminalization of marijuana has fueled black markets and gang activity, leading to an increase in violent crime. It is therefore not surprising that this article states that “The studies. They provide strong evidence that legalization reduces non-drug crime. Long-term use of marijuana can lead to addiction. This has a detrimental effect on social relations with family, work, school and entertainment activities. It causes insomnia, decreased taste, temperament and anxiety that make it difficult to quit smoking. Excessive marijuana use causes depression, anxiety, suicidal desires and schizophrenia. U.S.
states are expected to exceed $43,000 million in total marijuana sales by 2025. In short, legalization is proving to be very beneficial from an economic point of view for various U.S. states, and if the federal government legalizes cannabis, some of this revenue could be distributed across the country. The only group in Canada where marijuana use is increasing is adults over the age of 25. However, it is a phenomenon that has only been observed in the group that consumes it occasionally, not daily. On the other hand, heavy cannabis use can cause psychosis, especially in young people. Those who smoke marijuana on a daily basis are three times more likely to experience psychotic episodes, according to a study conducted at the European level in 2020.