Looking On The Bright Side of
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5 Benefits of Legalizing Marijuana
There have been many controversies surrounding the recent legalization of marijuana throughout different parts of the globe, especially in the US. In America alone, there have been numerous states that have legalized marijuana for medical purposes and some which even went to the extent of legalizing it for recreational use. If you look into UK as well, youll see that theyve been exporting cannabis and has become one of the most prominent exporter of it, despite the fact that the British government still views it as an illegal substance. In this page, youll be able to discover more reason or benefits that the government have and can experience with marijuana legalization.
What many may not be able to realize immediately, is that the government is one of the biggest beneficiary should marijuana be legalized completely. In fact, statistics show already, that America can generate millions of profits through the legalization of many states today. The government can put tax on cannabis and with the high demand that it can foster, it is undeniably going to help the government reel in profit in time. This could also happen just the same, if UK and other parts of the globe go for it.
Since the cannabis industry can be treated as new, should it become fully legalized, then theres no doubt that there will be demand of workers to take part in industry. There would be a new sector of the industry that could generate new jobs and this means lower unemployment rates as well. Even if countries with low unemployment rate apply it to them, this could only mean that they can diminish it further.
It is already established that if pot is legalized, then it is as if a new industry would be born in the state or even country which legalizes it. A new industry means new opportunities for investors to tap into, and this would mean that the stock market would have another sector to include on their ranks.
As long as marijuana isnt legalized, there would always be a considerable amount of task force or police force, assigned to combat its market. This would cost the government heaps of money, without having the full capability to eradicate the entire market. The government would be able to save more money and focus forces on other more important criminal cases, if marijuana is legalized.
The fact that cannabis has been sold in the black market for years, contributes to why its price is extremely expensive. People who are using cannabis either for medical or recreational purpose, will definitely feel more at ease if Marijuana is legalized, since the price of cannabis would surely go down when it is finally brought to the public market.