March 6, 2014
Legalization of Marijuana
The Legalization of marijuana is slowly working its way into the United States. California was the first state to adopt this policy in 1996 when they issued Proposition 216, which legalized the sale of medical marijuana to certain patients. Legalizing marijuana has many financial and medical benefits.
Despite being illegal in almost all states, marijuana is proving to be a money making product in the few states it is legal. Colorado is selling medical marijuana at a tax rate of 2.9% to medical patients, and is charging a tax rate of 25% when people purchase recreational marijuana. Colorado reports having made over $109,182,002 in the first quarter of marijuana sales. Five million of this money coming in the first week of marijuana being sold recreationally. Colorado plans on using a percentage of this tax money to help public education, and construct new schools. A plant once looked down upon is now providing insane amounts of money to help further our living. Seeing how much money could be made with the sale of marijuana many states are hoping to follow in Colorado’s footsteps.
While many states are looking to reap in the benefits over the sale of marijuana many people actually need it for medical purposes. Medical marijuana has been scientifically proven to help patients suffering from diseases such as cancer, AIDS, and also conditions such as anorexia. Individuals suffering from conditions such as anorexia, and patients suffering from the dangers of chemo therapy report an increase in appetite and a decrease in pain. Patients who have also been diagnosed with MS, or multiple sclerosis, report when they intake marijuana tremors are reduced to almost none. Another reported benefit of marijuana intake is the ability of THC to reduce stress, and anxiety. Stress affects almost every human being. Other prescription drug companies have created synthetic drugs to combat...
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