Legalizing Marijuana

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Should Marijuana be legalized?
Caitlin Skinner
April 6, 2011
Elizabeth Terranova

Should Marijuana be legalized?
Since marijuana's first recorded use dating back five thousand years ago, it has never gained much popularity until the last century with prohibition and antiwar movements. Now, more than ever, propositions to legalize this plant have risen and been subject to controversy and heated debate. Marijuana is the most widely used drug in the United States and considered to be the most harmful by the government with its anti-marijuana stance and laws aimed at limiting its use. Marijuana has the potential to solve many problems if it were to be legalized; The United States national debt could be helped, the search for seemingly “incurable” diseases could end, and the use of tobacco and alcohol could reduce.

The main reason marijuana is currently outlawed is the economy’s money. Basic research will show that legalizing marijuana will have benefits on our country whether you smoke it or not. A simple lesson in supply and demand will show that by legalizing this plant it would create a significant drop in price due to the elimination of the risk factors of growing and also selling paraphernalia. Licensing, taxing, and fees that would come from marijuana would help our economy generate up to 7 billion dollars more a year. Not only would that help with some of our economy’s money issues, but the taxes on sales of paraphernalia, recreational establishments, and new industries also would generate more money each year. California and Washington have put out official analyses of the likely revenue that would be generated from marijuana legalization. The California State Board of Equalization determined a marijuana legalization and taxation bill would result in $1.38 billion in new revenue, meaning about $37 per person. The Washington State Office of Financial Management determined that the state would generate about $180 million in state revenue,...
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