Economic Effects of the Legalization Of Marijuana
ECONOMIC EFFECTS OF THE LEGALIZATION
OF MARIJUANA
Prepared for
MGMT 2200-014
Written Business Communication
Prepared by:
April 14, 2013
Table of Contents
Executive Summary 3
Introduction 5
Background 5
Purpose 5
Findings 5
Economic benefits of legalization 5
Economic detriments of legalization 6
U.S. comparison to other countries 7
Conclusions 8
Recommendations 8
References 9
Appendix A 10
Appendix B 11
Executive Summary
Groups such as the National Organization for the Reform of Marijuana Laws (NORML) have created models that show how marijuana legalization would positively impact the U.S. economy. Additionally, groups such as the RAND Corporation have done counter research showing the inaccuracy of these numbers and how marijuana legalization would negatively impact the U.S. economy. Comparison of these numbers and a combination of pertinent ideas may show a common ground in creating a viable option to satisfy both agendas.
Extensive secondary research was done by reviewing a comparison between the U.S. and countries such as the Netherlands, where marijuana has been legal for an extended period of time. Furthermore, a comparison of the crime rates of these countries pre legalization and post legalization was undertaken to find the impact legalization has on an economy.
The results of the research are as follows: Marijuana legalization could be a way to boost U.S. income if approached in the proper manner. Many of the current models that advocate for or against marijuana legalization are contradictory of one another and seem to have skewed numbers to fit a certain agenda. To create a model that would show all possible positive and negative outcomes, a combination of both advocates and anti
OF MARIJUANA
Prepared for
MGMT 2200-014
Written Business Communication
Prepared by:
April 14, 2013
Table of Contents
Executive Summary 3
Introduction 5
Background 5
Purpose 5
Findings 5
Economic benefits of legalization 5
Economic detriments of legalization 6
U.S. comparison to other countries 7
Conclusions 8
Recommendations 8
References 9
Appendix A 10
Appendix B 11
Executive Summary
Groups such as the National Organization for the Reform of Marijuana Laws (NORML) have created models that show how marijuana legalization would positively impact the U.S. economy. Additionally, groups such as the RAND Corporation have done counter research showing the inaccuracy of these numbers and how marijuana legalization would negatively impact the U.S. economy. Comparison of these numbers and a combination of pertinent ideas may show a common ground in creating a viable option to satisfy both agendas.
Extensive secondary research was done by reviewing a comparison between the U.S. and countries such as the Netherlands, where marijuana has been legal for an extended period of time. Furthermore, a comparison of the crime rates of these countries pre legalization and post legalization was undertaken to find the impact legalization has on an economy.
The results of the research are as follows: Marijuana legalization could be a way to boost U.S. income if approached in the proper manner. Many of the current models that advocate for or against marijuana legalization are contradictory of one another and seem to have skewed numbers to fit a certain agenda. To create a model that would show all possible positive and negative outcomes, a combination of both advocates and anti