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In: Economics

Write 3-4 paragraphs The Economic Cost and Benefits of Legalizing Weed?

Write 3-4 paragraphs The Economic Cost and Benefits of Legalizing Weed?

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Expert Solution

There's also a steady stream of concerns regarding legalization, such as what might happen with adolescent access if there were a sudden proliferation of legal weed, or how driving-under-the-influence laws could be impacted. Though there are numerous marijuana breathalyzer prototypes in development, there isn't that line-in-the-sand regulation for driving under the influence with marijuana as there is with alcohol, which poses a challenge.

But there are a laundry list of economic reasons why legalization might make sense. If we were to look at marijuana from a purely dollar-based standpoint, here are five compelling reasons why legalizing cannabis is attractive.
Where would these job opportunities come from? We'd obviously see immediate demand from jobs that put workers in direct contact with the cannabis plant: farmers, processors, distributors, and retailers. Basically any business directly involved with the cannabis supply chain.

Another reason to consider legalizing marijuana in the U.S. is that it could help put investors on track to retire comfortably. To be clear, marijuana isn't the only fast-growing industry at the moment, and I'm certain it'll encounter its own set of growth hiccups, as any other industry does over time.


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