...Legalization of Cannabis Introduction Capitalism: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and distribution of goods that are determined mainly by competition in a few markets. This unique system allows for a merchant to market just about any product to the masses dependent on a public opinion of the commodity, legality, availability, and profitability. Some commodities, although carrying high demand are regulated heavily and sometimes even ban from the market place for reasons pertaining to public safety. Others, however, showing to be a health hazard are still allowed to remain on the market. This definition is according to Merriam-Webster.com. This paper will focus on the economics of cannabis and how by its decriminalization, or legalization, it can be a profitable commodity in the marketplace by the following. Providing an overview of cannabis and how political games have caused an unearned negative public opinion on the commodity. Listing arguments that support the claim that by legalizing this commodity not only crime rates in general, but violent crime rates, will drop noticeably if not substantially providing a savings in the cost of enforcing and prosecuting such crimes. And, that by decriminalization, the federal government can regulate this commodity much like alcohol and tobacco providing new sources of tax revenue. A History of Cannabis The...
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...Despite the high rate at which the states are legalizing marijuana, there exists only little scientific evidence to support such laws. According to Bostwick (2012), most of the state cannabis legalization policies are based on ‘political ideologies and gamesmanship’. Lack of existing medical evidence on the benefits and effects of marijuana is seen as a satisfying factor that encourages its continued use. The little research done in the mid-20th century indicated that the cannabinoids presents in cannabis can be used in curing various illnesses. After the establishment of the Controlled Substance Act, the scientific research on marijuana became more difficult due to the existence of several federal barriers. The restrictions have made it difficult...
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...Marijuana, also known as cannabis, is a form of the cannabis plant. In 1923, marijuana was added to the Confidential Restricted List as a prohibited drug in Canada. However, many Canadians believe that marijuana should be legalized because it can play a significant role in the medical industry. However, others hold the opposite attitude toward Marijuana legalization. This serious controversy has lasted for many decades. Canada’s neighbor, the U.S. government, has forbidden this drug since the early 1900s. However, this implementation didn’t produce a satisfactory result. (National Prevention Strategy, 2011) Marijuana should be legalized in Canada because its advantages outweigh the disadvantages. These advantages are likely to promote the Canadian economy, eliminate social issues and benefit the health of its residents. In terms of the economy, legalizing marijuana could conduct not only negative effects, but also positive effects. In the past decade, underground trade of marijuana has caused harm to Canada’s income. Werner Antweiler, the UBC professor, believes that the marijuana market is sizable. (2013) In B.C., the estimates show that Canadians consume at least 3 billion dollars in marijuana products annually. (Barmak, 2013) Other data from The International Journal of Drug Policy indicate that the retail value of marijuana consumption in B.C is between $443 million and $564 million. In addition, further estimates point out that marijuana legalization is likely to help the...
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...Industrialized Hemp: A Revolutionary Idea PHL 354 Dr. Ozar Decmeber 16, 2010 Abstract: This paper will focus on the potential benefits that legalizing and producing (or “large-scale production of”) industrialized hemp could have on the environment and possibly the economy of the world. I shall argue that the United States should set a precedent and legalize industrialized hemp in order to hopefully spur on similar actions by other countries and world powers across the globe. I will begin by explaining a few of the beneficial uses of industrialized hemp in order to strengthen the case that will be presented in the latter part of the paper. Although the production of hemp has typically been looked down upon, it could in fact be the very thing we need to solve the ecological problems we currently face. I believe that allowing for the growth and sale of industrialized hemp could revolutionize the world and could ultimately save the environment and benefit all of the environmentally unfriendly industries across the world. I will examine the use of hemp to create textiles, renewable fuels, biodegradable plastics, paper, health foods, medicine, etcetera. The legalization of hemp cannot move forward unless we are willing to reexamine and reformulate our societal values. The modern system of agriculture has caused more problems than it has solved over the past few decades. Thus, I will be examining the legalization of hemp in the context of a postmechanistic concept...
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...not (Smith 1). There is a battle between the Supreme Court and federal government regarding enforcement as state law allows production and consumption of the drug while the federal law prohibits such activities. When a state officer finds marijuana on the persons of a Colorado resident, there is no charge; however, when a federal officer finds marijuana on the persons of a Colorado resident the extent of the penalty could be arrest and incarceration. Due to conflicting enforcement policies, America is forced to examine the issue and come to a consensus between the policies to ensure homogeneity between the two lawmaking bodies. One means of analyzing the issue is through an economic perspective. As economics is the study of “how society manages its scarce resources” and the manner in which a society makes decisions, the economics behind a controversial policy can help determine acceptance or rejection of the proposed law (Mankiw 1-1). Based on fundamental economic concepts, historical evidence, global data, and future forecasts, the effects of legalizing marijuana will be analyzed. After analyzing the economics of the legalization, a decision can be made. Brief History of Cannabis From the beginning of time, the Cannabis plant has been cultivated and exported around the world for its material, medicinal, and spiritual uses. The first recorded instance of the cannabis plant being valued in society was in 2900 BC when Emperor Fu His claimed it held the powers 1 of yin and...
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... MEDICAL PURPOSES FOR MARIJUANA 3 Abstract In the medical field there are many uses for marijuana, scientifically known as cannabis sativa. The main psychoactive chemical compound in cannabis is tetrahydrocannabinol (THC), the plant is known to contain about sixty cannabinoids; however, most of these “minor” cannabinoids are only produced in trace amounts. Besides THC, another cannabinoids produced in high concentration by some plants is cannabiniol (CBD), which has been shown to block the effect of THC in the nervous system. (wikipedia.org) Many research teams from the United States to Madrid have reported findings of the beneficial use for cannabis. Clinical trial studies have proved that the use of cannabis in patients with HIV/AIDS, cancer, and patients that suffer from chronic pain has significantly improved their quality of life. (Ellis et al. 2008 op. cit.) Although clinical studies have proven medical use of marijuana, the United States federal government has not been convinced yet. On the state level, fourteen of the fifty states have enacted the “Medical Marijuana Law.” Each state has implemented their own policies that reflect fees for identification cards, possession limits and home cultivation. Patients in all states must provide proof of residency to be considered a...
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...What is cannabis? Cannabis: A plant used to produce hemp, fiber, and also as a mild psychotropic drug. Charas/Marijuana: A mild psychotropic drug Cannabis is a weed, in the literal sense a weed. It grows wild and all over the hillsides. It hampers cultivation of other crops. It is thrown away and burnt in regular places where other crops need to be cultivated. USES OF CANNABIS One can derive several benefits from the various parts of a cannabis plant. The help from the stem is used to make strong ropes, shoes known as pulas and paper. From the seed, one can extract oil, make medicine or use it in local cuisine. The resin from the cannabis leaves can be rubbed to get Marijuana that is charas. Each of these derivatives has a commercial value and the locals have been selling these extensively. The livelihood for many depends on selling these derivatives. Ban on cannabis: In 1985, the US has pressurized us into following its footsteps and banning cannabis cultivation in India. The result of which was the NDPS act. Narcotic drugs and psychotropic substances act: has constitutionally banned cannabis cultivation and consumption since 14th November, 1985. It brings mild drugs such as charas and marijuana under the same category of hard drugs such as cocaine, heroin and LSD. Reasons for the ban and expected outcomes… The resin from Cannabis leaves were being extracted to get marijuana. People started associating cannabis synonymously with marijuana when actually marijuana...
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...In the article by W.E. Messamore from Independent Voter Network titled “Marijuana Legalization Is Decreasing Violent Crime in Border States,” it mentions that the Uniform Crime Reporting Program discovered that, “ . . . marijuana laws have correlated with a 12.5 percent decrease in violent crime homicides, aggravated assaults, and robberies in states that border Mexico,” (Messamore). In short, crime has decreased in states along the U.S.-Mexico border as a result of legalizing marijuana. If legalizing cannabis helps the crime issue in border states, certainly it can help with the issue across the rest of the country, which is why every state should legalize the drug. In the...
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...Con Side of Debate Summary BCOM/275 - Business Communications and Critical Thinking December 4th, 2014. Willetra Brittian Con Side of Debate Summary Medical Cannabis use is a controversial topic for many people, despite its multiple benefits; people against its medical use will find the way to prohibit it in the United States. Individuals against medical cannabis have concerns regarding its risk in the immune system, pulmonary problems, hormones, mental health, and the risk of bacterial, fungus, or viral infection (National Academy of Science, 1999). Even though any patient has not confirmed this hypothesis, Scientifics investigation suggested that cannabis has no significant good or bad side effects. In addition, the use of marijuana has been shown to have a short term effect on the ability of people to think, learn, reason ad perform tasks. It is not clear if cannabis has any long term effect on the mental state or mood (Post Media News, 2011). Marijuana effects are related with drowsiness, dry mouth, and headache; can impair psychomotor skills. HIV patients are the largest group who report using marijuana for medical purposes. Medical marijuana and its active ingredient THC have been shown in some studies to decrease immune function risk of progression to AIDS in HIV-cero positive patients and to increased mortality in AIDS patients (Kebler & Dupont, 2012). Prescribe in high amounts can increase risk of heart attack within one hour of use. Medical marijuana is not...
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...Marijuana legalization would have an abundance of positive effects for not only the U.S. but for the world as well. Cannabis is not a deadly plant. However some choose to argue that the crime rate would rise as of a result of the legalization of marijuana. However legalization of cannabis would lessen the prison population, allow marijuana to be table and create billions of dollars that would be used in the United States and other countries. Marijuana legalization would allow cannabis to become it’s own industry. Marijuana legalization would reduce the impact of gangs in the streets. Cannabis would be become more effective and better for ones health because the Government would be in control of regulation. The Alaskan Association of Chiefs of Police Inc. posted an article against the legalization of marijuana stating numerous preconceived cons against the cannabis plant. The statement in the article I didn’t agree with was “After medicinal marijuana became easy to get in Colorado, seizures of smuggled marijuana quadrupled in roughly 4 years as legal marijuana was diverted to other markets. No comparable studies have been found addressing this problem in Alaska, but if legalization in this state results in a similar increase in diversion trafficking, more than 75% of Alaskan police feel they will not have sufficient local resources to combat the potential impact in their community (AACOP, 2011).” The reliability, credibility, and validity of the data being used by this author...
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...They decided to start chemo and they tell you he probably won’t live. Two months later of chemo and your sons doing well, and then you notice he is becoming sick. He just sits there throwing up then he can’t walk because he developed neuropathy (weakness or pain) in his legs. You are told by a friend to look into medical marijuana so you do so and you find Stanley brothers in Colorado. They are growing a plant very different from your average cannabis it’s a cross-bred that reduces the THC and increases Cannabidiol or CBD. Cannabidiol is a compound that provides the medical benefits(CNN). Besides helping cancer patients, legalizing marijuana in the United States would have a beneficial impact on individual health, economy, and...
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...disadvantages of Cannabis Legalisation in Australia. Dennis, M.L. & W White (1999) ‘The Marijuana Legalization Debate: is There a Middle Ground’. In JA Inciardi (ed), The Drug Legalization Debate. Sage Publications. Ferguson, D.M.. & L.J. Horwood (2000) ‘Does Cannabis Use Encourage Other Forms of Illicit Drug Use?’, Addiction, 95(4): 505-520. Gerber, R.J. (2004) ‘History of Demonizing Drugs’. In Legalizing Marijuana: Drug Policy Reform and Prohibition Politics, Westport, CT: Praeger, pp. 1-16. Hall, W. (1997) ‘The Recent Australian Debate About the Prohibition on Cannabis Use’, Addiction, 92(9): 1109-1115. Hall, W. (1998) ‘Cannabis Use and Psychosis’, Drug and Alcohol Review, 17: 433-444. Hall, W. & R.L. Pacula (2003) ‘Policy Alternatives’. In Cannabis Use and Dependence: Public Health and Public Policy, Cambridge: Cambridge University Press, pp. 183-226. Himmelstein, J.L. (1983) ‘From Killer Weed to Drop Out Drug’, Contemporary Crises, 7(1): 13-38. Sarre, R. (1990) ‘A Review of the Cannabis Expiation Notice Scheme in South Australia: Research Note’, Australian and New Zealand Journal of Criminology, 299-303. MacCoun R.J. and P. Reuter Drug War 'Heresies: Learning from Other Vices, Times, & Places', Cambridge, Cambridge University Press. McGeorge, J. & C.K. Aitken (1997) ‘Effects of Cannabis Decriminalization in the Australian Capital Territory on University Students’ Patterns of Use, Journal of Drug Issues, 27(4): 785-794. Cannabis has had a long...
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...(Norml). The herb is called marijuana also known as pot, cannabis, weed, and God’s medicine in today’s society (Norml). Marijuana is a cannabinoid which is a chemical compound that naturally affects the immune and nervous system of humans and animals. It has been used for centuries as a natural therapeutic substance. This mysterious plant combats nausea, cancer, leukemia, and many other variants that still cannot be cured with prescription drugs. No one knows where this plant comes from, but findings of this plant’s DNA reach up to Northern China, thousands of years ago. For many decades this plant has been looked down upon. Media analysts and government officials in the United States give it a negative approach which allows the public to think negatively about it. Many people assume that weed is deadly because of what authority wants the public to believe, but what many do not know is the positive scientific evidence and facts that proves how effective it really is. The social policies regarding marijuana have changed throughout the years in the U.S. Although, several states have legalized marijuana for medicinal purposes, the issue still stands because federal officials have not yet legalized weed in all fifty states. The outcome of legalizing marijuana will be positive, but it’s up to the citizens to take action against the social policy and get it legalized by acting together. I believe the legalization of cannabis will decrease deaths related to...
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...discovered and put to test to give out to the ill. Cannabis is one of the numerous restorative plants that has been found to regard conditions, such as glaucoma, cancer therapy symptoms and many more. As wonderful as it sounds, this plant is federally illegal throughout the United States -except for the 28 states who have legalized it under certain conditions. If this plant can contribute to medicine why is it still illegal? Thus, cannabis should be legalized across the nation so to reveal its numerous obscure therapeutic advantages for a healthier society; “The term medical marijuana refers to using the whole, unprocessed marijuana plant or its basic...
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...Economic Benefits of Cannabis Legalization * Excise Taxes $2.2 - $6.4 Billion * Sales Taxes $0.2 - $1.3 Billion * Enforcement Savings $6 - $9 Billion * Hemp Industry $6 - $10 Billion * Others: Spinoff industries, Reduced hard-drug and alcohol abuse untaxed free market In an untaxed free market, cannabis ought to be as cheap as other leaf crops. Bulk marijuana might reasonably retail at the price of other medicinal leaf herbs, around $.75 -$1.50 an ounce. Premium grades might be compared to fine teas, which range up to $2 per ounce, or to pipe tobacco, which retails for $1.25-$2.00. High grade domestic sinsemilla might however cost somewhat more, due to the relatively lower yield of cannabis compared to tea and tobacco, and the high level of U.S. labor costs. Cultivation expert Ed Rosenthal estimates that domestic labor costs could be as high as $5 per ounce. Advertisements from medical catalogs indicate that cannabis cost about $2.50-$5 per pound in 1929-30. [01] Adjusting for inflation, this works out to $1.20-$2.40 per ounce, a breathtaking 100- to 300-fold reduction from today's illicit prices, which range from $100- $200 per ounce for low-grade Mexican to $400- $600 per ounce for high-grade sinsemilla. Abstract: Marijuana legalization offers an important advantage over decriminalization in that it allows for legal distribution and taxation of cannabis. In the absence of taxation, the free market price of legal marijuana would be extremely low,...
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