Medical Marijuana Case Study

Words: 1920
Pages: 8

The trade of drugs and trafficking is a considerable part of the black market economy around the world, which actually happened because of the relatively recent government bans and regulations regarding the preparation, distribution and also the consumption of drugs; especially the drugs that are mind altering in nature such as heroin, marijuana, and cocaine. Although the government and the supporters of such regulations and bans argue that drugs that have mind altering can cause worst health and social issues for people as well as communities, there are many opponents of such bans and regulations in the drug trade.
Economists point out that making the drug trade legal would help the government in regulating the black market for
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states made the marijuana’s medical use legal. This is due to the reason that most of the research contends that the drug contains a massive potential in treating chronic pain, posttraumatic stress, anxiety, depression along with quite a few other health problems. So these states were able to nullify the 1970s controlled substance act through arguing that medical marijuana does not fall under the category of Schedule I drugs since it is not intended for the mass …show more content…
where using marijuana has been made legal, and during the fiscal year 2014 to 2015 it raised $70 million in taxes earned from the selling of marijuana. (Sola, 2016). Moreover the Colorado state expects earnings of $135 million through taxes and permissions for the cannabis for 2015-2016s fiscal year. Overall, the portion of the legal U.S marijuana market was projected to have growth by $7.1 billion in 2016, Most of times it was because of the adult’s demand to use marijuana for recreational purposes (Sola, 2016).. Only four states within U.S. have legalized the use of marijuana for recreational purposes, these states include Washington Alaska, Oregon and Colorado (Sola, 2016).. If only these four states are representing such enormous amounts for tax revenue, throughout the country, the economic potential for legalizing the marijuana is