The Pros And Cons Of Marijuana Legalization

Throughout the literature, it is generally agreed that legalization of cannabis considers to be a crucial issue in the whole world. Nevertheless, it faces several difficulties and challenges which are mentioned by Shanahan (2016) that the drug user’s future could be affected by the initiation of marijuana use. Experts on this topic (T Ter Bogt et al., 2006) argue that the use of marijuana appears to be regulative in most developed countries, such as some European and North American states. This view is best illustrated by Leyton (2016) that Portugal, as a first country which decriminalized all drugs, seems to have reduced problems related to the drug use. Furthermore, according to Goltz (2016) there might be some advantages in financial sector
In addition, Fischer (2017) has provided ample evidence that incorrect regulations may lead to the creation of public health problems. Moreover, as Kalant (2016) points out prohibition is might be suggested to diminish the illicit market. Additionally, research by Asbridge (2016) suggests that legalization of marijuana for recreational purposes can be based on the experience of alcohol and tobacco use, mainly considering the fact that government monopolies used it for revenues, so the same situation can happen with the use of pot.

While previous literature has investigated various aspects of legalization of cannabis, economic consequences of legalization of cannabis for recreational purposes should be observed. As Werb (2012) claimed, domestic illegal marijuana trade is likely to be worth hundreds of millions annually. However, according to Potter (2011) interprovincial trade policies and a legal market are likely to generate lower retail prices. The existing literature admits that there can be high financial costs from taxation losses and prosecution and imprisonment of the users and dealers of marijuana. At the same time, new tax revenues may appear because of the lack of exact