StudentShare solutions
Triangle menu

The Legalization of Marijuana - Research Paper Example

Not dowloaded yet

Extract of sample
The Legalization of Marijuana

"Advocates of marijuana prohibition argue that it reduces marijuana trafficking and use, thereby discouraging crime, improving productivity, and enhancing public health. Critics counter that prohibition has only modest effects on trafficking and use and causes many problems typically attributed to marijuana itself." By any rational analysis, marijuana should be legalized in a tax regulated market to produce billion in tax revenues, eliminate billions in government expenditures, treat patients suffering from illnesses, and reduce the violence concomitant with prohibition.
The latest survey data of the Department of Health and Human Services for 1991 indicates that nearly 10 million Americans are regular users; about 20 million are occasional users, and more than one-third of the population age 12 and over have experimented with the drug. The demand for marijuana has created a multi-billion dollar industry, and as of 1992, it is the nation's leading cash crop (Gettman 2007). Using conservative price estimates derived from federal surveys, domestic marijuana production has a value of $35.8 billion, more than corn and wheat combined, easily making it America's largest and most lucrative cash crop. Analyzing the size and scope of any black market presents of a number of difficulties in that participants have vested interest in obscuring their activities. The marijuana market is no exception. Activists on both sides of the issue may be quick to estimate the size of the market, yet the partisan nature of the debate calls into question the plausibility of the numbers. Consequently, these estimates should be used as baselines from which to assess the impact of possible policy prescriptions.
According to estimates by Harvard University economist Jeffrey Miron, replacing marijuana prohibition with a system of taxation and regulation would save between $10 billion and $14 billion per year in reduced government spending and increased tax revenues (Gettman 2007).12 Another researcher recently estimated that the revenue lost from our failure to tax the marijuana industry could be as high as $31 billion! Based on a retail price of $7.87 a gram, a pound of marijuana is worth $3,570 and the commodity is worth $7,871,480 per metric ton. At this price the annual supply of 14,349 mt of marijuana available in the United States is worth $112.9 billion. A more accurate estimation of lost tax revenue can be acquired through examination of current levels of government revenue as a percentage of Gross Domestic Product (GDP). The diversion of funds into the illicit market in marijuana costs government $31.1 billion in tax revenue annually (Gettman 2007). Local, state, and the federal government receive 28.7% of the GDP in tax revenue. If the money spent on marijuana were instead spent on legal goods, it would add $112.9 billion to the GDP, producing $11.6 billion in revenue to state and local governments, $7.2 billion to the federal government in social security and other social insurance premiums, and $12.2 billion in other federal tax revenue. Marijuana Prohibition results in the creative destruction of $31.1 ...Show more


Today, close to one-hundred million Americans admit to having tried marijuana and close to fifteen million say they have tried it within the past month. Marijuana is the leading cash crop in the United States, surpassing the value of corn and wheat combined…
Author : cheathcote
The Legalization of Marijuana essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"The Legalization of Marijuana"
with a personal 20% discount.
Grab the best paper

Related Essays

Legalization of Marijuana
Marijuana is a drug that has an intoxicating effect. Smoking dried leaves and flowering tops of the pistillate hemp plant initiates the intoxication effect. In several instances, marijuana consumption helps in reduction of pain and the related condition. Marijuana consumption is currently illegal in several countries, including the United States.
7 pages (1750 words) Research Paper
The Legalization of Marijuana and Its effects in the Economy
The paper used a review of literature related to the debate on legalization of Marijuan in the US and its impacts on the US economy and society. The research hypothesized that the costs related to the legalization of Marijuana outweigh any benefits that can be drawn.
30 pages (7500 words) Research Paper
How the legalization of marijuana would affect the economy
The White House along with the past and present presidents of the country has always had a strong stance against the legalization of Marijuana due to the perceived ill effect the Cannabis plant can have on the health of people. Regardless of the official position of the White House though, 16 out of the 50 states have already legalized the use of marijuana within their borders to hugely positive results.
5 pages (1250 words) Research Paper
Legalization of marijuana
Somehow, the government has failed to realize that there is a huge untapped market for employment and tax revenue in the Marijuana growth and sales industry. The naysayers believe that Marijuana should never be declared a legal substance because of its addictive effects.
7 pages (1750 words) Research Paper
The Legalization Of Marijuana for Medical Use
In this assertion, the legalization of marijuana should be enacted because it offers medical purposes, the cost effective principle, and the fact that it infringes on the rights of an individual. The first reason why marijuana should be legal
2 pages (500 words) Research Paper
Marijuana and its legalization

According to the essay, the most abused illicit drug is marijuana with 14.6 million drug users. Marijuana has been around for centuries, and according to, there are records of the use of marijuana that go back as early as 2737 B.C, but the same article also states that the 1960s and 1970s marked the boom of marijuana use.

10 pages (1750 words) Research Paper
The legalization of marijuana in the United States
large majority of population believes that society should seek to discourage casual use of cannabis because it is a gateway drug inducing one to try hardcore drugs later. The official authorities should concentrate on preventing its widespread use by general population and
8 pages (2000 words) Research Paper
How does the legalization of marijuana affect Americas economy and patients who need marijuana for medical purposes
It has for example been associated with economic and medicinal benefits that some groups have used to advocate for legalization of the drug. The debate on legalization of marijuana has further been
6 pages (1500 words) Research Paper
The Benefits of the Legalization of Marijuana in Colorodo and Washinton state
The law enforcement resources that could have been used in protecting the public safety are now preserved. The preservation of the resources decreases courts and corrections fine. The state governments are now acquiring new
2 pages (500 words) Research Paper
Drugs: Legalization of Marijuana
The topic about drugs is one of the major political issues in the United States today. This has been particularly in relation to marijuana use; whether to illegalize or legalize the use of marijuana in the country. Of course, in this critical debate there exist both the supporters and opponents of the legalization courses of the drug.
6 pages (1250 words) Research Paper
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation