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Your assignment is to prepare and submit a paper on legalize it or not. Positive Economic Effects of Legalizing Marijuana in the of Arizona Marijuana also referred to as cannabis sativais arguably the
Your assignment is to prepare and submit a paper on legalize it or not. Positive Economic Effects of Legalizing Marijuana in the of Arizona Marijuana also referred to as cannabis sativais arguably the most abused drug not only in the state of Arizona but the whole world in general. However, it is illegal in almost all parts of the world including the United States of America specifically the state of Arizona. Use of the drug has been illegalized due to the negative effects it may have on the people who uses it. In view of that the state of Arizona should look at the positive economic effects the marijuana might have on the state of Arizona.
Legalizing marijuana will increase the revenue collection of the state. This is because the illegal marijuana industry is very lucrative. It estimated that the marijuana illegal income in the United States of America is valued at between 20 billion dollars and 40 billion dollars (Abadinsky 75). This is a lot of money, but since using and selling of marijuana in the state is illegal, the drug dealers fail to disclose their income thus they do not file tax returns due to fear of being arrested. If the state would legalize marijuana, then it would be able to collect revenue from drug dealers hence improving the economy of the state.
The war on drugs is very expensive. For example, it is estimated the over the years the war on drugs has cost both federal and state governments close to one trillion dollars, (Benavie, 54). That is close to twenty billion per state. This is a lot of money which can be used for other things such as investing in infrastructure. If the state of Arizona government would legalize marijuana then it would save a significant amount of the taxpayer’s money putting it into other uses such development of the state.
A lot of people end up in jail as a result of using, selling or being in possession of marijuana. Most of these people are typically below the age of 40 years (Benavie 39). When in jail, these people are economically useless to the state and their society. If the drug would be legalizes in the state, these people who get arrested and jailed for either using or distributing would free thus providing a good work force to the state since they are young and energetic people. This will improve the infrastructure of the state as the young men will be employed by the state and development companies. Legalizing marijuana will also increase the states revenue since the government will tax the income of these people.
Legalizing marijuana will turn its market into a perfect competition market, where there will be no barriers to enter or leave the market. This will replace the monopolies set up by gangs who solely control the sale of marijuana. Hence, legalizing marijuana will decrease poverty in the state since people will be able to sell the drug which is used by a lot of people thus earning a living
Work Cited
Abadinsky, Howard. (2010). Drug Use and Abuse . A comprehensive introduction. Cengage
Learning, 2010. Print.
Benavie, A. Drugs: America’s Holy War. New York: Routledge, 2012.
