What is the benefit of legalizing weed?
One motivation for legalization is the economic benefits that can come from the regulated commercial availability of marijuana. Increased tax revenues, job growth, and investment opportunities all are powerful incentives to push for legalization.
What are the benefits of legalizing drugs?
Drug legalization would benefit the United States in several ways: save Federal, State, and local governments billions of dollars a year; lead to reduced crime and safer neighborhoods; and enhance public health.
How will legalizing weed affect the economy?
The report also found that taxing pot at rates comparable to those levied on tobacco and alcohol could raise $6.2 billion annually. That's a total of $13.9 billion in savings and income.
What are the benefits of legalizing weed in Canada?
Legalization has resulted in the emergence of a multibillion-dollar industry, new jobs and tax revenue. There have also been fewer cannabis-related drug convictions among young people.
What are the PROs and CONs of drug legalization?
PROs: Eliminate the criminal activity and increase associated industry jobs and tax revenues. CONs: Likely to substantially increase drug sales and consumption, as well as public health and safety harms in the population as more people use it.
How would legalizing all drugs help the economy?
Drug legalization may increase the number of drug addicts by 25 percent, but the current dollar volume of the drug trade is estimated at approximately $100 billion a year and reducing the economic profit of drug dealing is necessary. Arguments against drug legalization are noted and countered.
How does weed help the environment?
Cannabis, the plant from which marijuana and hemp is derived, grows quickly without the need for excessive amounts of fertilizer or pesticide (it's a “weed” after all) and absorbs carbon dioxide like any plant engaged in photosynthesis.
What are the pros and cons of legalizing weed?
Pro 1. Marijuana legalization boosts the economy. ... Pro 5. Legalization of marijuana is phasing out black markets and taking money away from drug cartels, organized crime, and street gangs. ... Pro 9. Marijuana is less harmful than alcohol and tobacco, which are already legal. ... Pro 13. ... Con 4. ... Con 8. ... Con 12. ... Pro 3.More items...
Is the legalization of weed a social issue?
In recent years, the legalization of cannabis has become a controversial social equity issue, yet according to CNBC, marijuana may be one of the few bipartisan issues evolving in the U.S. today.
How did legalizing weed help Canada economy?
Furthermore, the adult-use recreational cannabis industry has created 98,000 jobs and put $15.1 billion into government coffer. The report shows that the industry adds around $1.09 to Canada's GDP for every dollar for revenue and capital expenditure.