One Big Mother-Budding Problem
Legalization of marijuana is huge; it’s legal now everywhere in the United States of America! That sentence is something I just made up, but it is indeed what we all dream of. The issue of legalizing marijuana has always been a hot topic for debate, but has recently been included in political campaigns as it continues to grow in in popularity. Presidential candidates, governors and many other Americans are now beginning to support the idea of legalizing marijuana. This recent growth in support has many people believing that marijuana will be legalized sooner than later. While two states recently after the 2012 election, have legalized marijuana for a recreational basis. I believe America is finally starting to understand. Soon every state will be legalizing marijuana for recreational use. The impact of legalizing the drug would greatly help the United States right away. Sooner is absolutely better in the case of making marijuana legal, and due to its current support, this will become the reality in the near future. The legalization of marijuana would benefit America in a wide variety of ways. The first of which would be a much needed boost to the economy. The United States is currently in its worst economic state since the great depression in the early nineteenth century. This makes it obvious that something needs to be done to help boost the economy and help cut down the amount of debt that America is currently in. Marijuana could be just the boost that America needs. Legalizing the drug could produce a very high amount of revenue for the United States. Both the state and federal government would be positively affected if marijuana would be legalized to be grown. Currently, according to the USDA (United States Department of Agriculture) the top two crops, in terms of revenue each year, in the United States are corn and wheat. Combined they generate an estimated 30.8 billion dollars of revenue (USDA). However, research analysts and pot farmers such as Harvard Lee say marijuana’s estimated revenue value is over 5 billion dollars more than the other two crops combined. This makes marijuana the highest grossing cash crop in the United States. If the government were to tax marijuana at an average rate of 5-10%, they would potentially be able to bring in an annual amount of somewhere between 1.8 and 3.6 billion dollars but, marijuana is a product that has multiple uses, other than just smoking (Lee). Being that it can be produced into many products, the government would be able to tax it more than once and could produce even more money. Even though a several billion may not seem like a lot of money compared to the total amount of debt, over time the amount of revenue from taxation would increase. If marijuana was legal everywhere and it was taxed like a normal consumer good, the money made by the government could greatly affect the national debt. The next way that the legalization of marijuana would help the economy, would be by creating a large amount of jobs. According to public data from the U.S. Bureau of Labor Statistics the current unemployment rate in America is at 7.9% which is equivalent to about 12.1 million people. Danny Gutridge from the Daily Finance thinks if marijuana were legal it would create a high new demand for workers. Everyone should obviously agree to that, mostly by creating a new sector of jobs in America, the unemployment rate would noticeably decrease. Hundreds of thousands, if not millions, of jobs would be available making it possible for people who were previously unemployed to find a stable job (Guttridge). Creating jobs would ultimately benefit the economy in two ways. The obvious fact is that more jobs would be available so the unemployment rate would go down dramatically. The other positive more jobs creates, is the fact that more money would be spent. If more citizens have jobs, then more citizens have money to spend, and be taxed upon, which...
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