Marijuana should be legalized(TBM)

15 05 2011

“…marijuana is one of the safest, therapeutically active substances known to man.” – Judge Francis Young (DEA) In my opinion,  growing and selling of marijuana should be legalized in Canada, in other words, marijuana should be treated as same as tobacco and alcohol. Marijuana would be good for the Canadian government. The government would be able to collect the extra revenue from marijuana industry while patients can benefit from this drug.

There is definitely a market failure for marijuana. Patients have access to marijuana through illegal actions. It’s so bizarre that other countries such as China, India, the Middle East, South East Asia, South Africa and South America have used marijuana for medical purpose since 6000 B.C. But Canada  has prohibited trading marijuana due to the government’s thought that growing marijuana is producing drugs. Look at what happened to Mr. Mernagh, the government filed a lawsuit against him just because he was growing marijuana at the back of his yard instead of taking his current health condition into consideration. Given that marijuana can help AIDS patients to relieve pain, half of the patients reach the satisfaction of reducing nerve pain with no side affects which is pretty amazing since opioids and other pills can only reduce pains up to 30% but come with drowsiness and confusion as side effects. AIDS patients aren’t the only case that marijuana can be used as medicine. Doctors recommend marijuana for various diseases, such as anxiety, epilepsy, migraines, glaucoma, Crohn’s disease, chronic pain, multiple sclerosis and inflammation. Besides this, some may say that marijuana is more lethal to human beings than alcohol which is why marijuana is outlawed by government. However, a study by London Imperial College found out that the most dangerous drug in the world is alcohol and heroin. Alcohol is ranked as No.1 the Most dangerous drug on earth. Alcohol can not only cause severe health problems to drinkers but also causes tremendous grief to the people around them. Statically speaking, alcohol not only kills over 2.5 million people annually worldwide but also kills over 75,000 Americans each year and shortens their life expectancy up to 30 years. There is definitely a negative externality, alcohol has created adverse impact on bystanders, mostly relatives and friends. Alcoholism also leads to many car crashes which caused 40,933 deaths last year. It isn’t just about car crashes, 95% of crimes involved alcohol. Economic productivity has been lost, a recent study stated that, an estimated $119 billion loss related to alcohol problems in 1995. Alcohol also causes people to be ten times more likely to be late for jobs, reducing productivity by 33%, and 4 times more likely to get into job related accidents which all contribute to lowering corporations’ profit.Alcohol even affects school performances can be affected by alcohol. Drinking has an influence over children’s brain developments, drinking slows down the brain’s action of responding learning and thinking which contributes to the growing number of skipped, dropped out students with lower grades which affects their futures as well. This is what alcohol has done to us but it’s still public qualified for trading. However no one has ever died from marijuana. Clearly, marijuana isn’t as lethal as alcohol. In this year, most countries have suffered from the recession which started in the United State. Increasing unemployment rate hits its 25-year-high in the U.S who just put trillions into financial market. And Canada even has a 7.8% of unemployment rate. Governments can do something just to help reducing unemployment rate. Legalizing marijuana can be one of the things that government can do to get people who have been unemployed to go back to job market. If government refuse to legalize marijuana, a lot of people not only who are related to marijuana industry but also people who are in other industries that are interconnected with the marijuana industry can be affected which is a classic example of negative externality, especially under today’s economy. On the black market, sellers set their own prices due to no regulation of prices. People take risks of growing, moving and selling it. In the end, buyers have to buy the fluctuated prices simply because they have to. No need to worry about running out of business! Without legislation, marijuana industry is already profitable; 25 million people use marijuana annually. Given that after legalization was approved, the demand will increase. Supply will also increase because it has become legal and to buy and sell marijuana does not come with any risks attached to it anymore. Likewise, the quality of the drug will improve with it being less dangerous to buyers due to more money being put into the research and development of better quality marijuana. Given that on the black market, an estimated sale of $4 to 5 billion on selling marijuana occurs annually.The government could gain tax revenue between $2.4 billion (tax rate is different from normal goods) to $6.7 million (by using the same tax rate as alcohol and tobacco). Which government could resist taxing this figure? I wouldn’t.  If our government could gain revenue out of this giant accumulated income, more welfare, public goods government can provide to more people who desperately need it. The stable society would be on the way to come true due to legalization of marijuana. Moreover, GDP doesn’t take revenue from black market. But if marijuana was legalized, our GDP would increase and look healthier. Not legalizing marijuana can result in negative externality. The number of people arrested for marijuana has increased since 1937. The cost of running prisons over the last five years has risen to $2.1 billion for people who are charged with possession, selling and growing marijuana is attributed to it. Arresting these people or retain more people who just sell, buy and grow marijuana could make the available space of jails become smaller along with rising cost. However, if government would have put this $2.1 billion on other social welfare, we could have a better living as a result. If marijuana was legalized, the costs of prison could be lowered and government could generate more tax revenue and they can use this money to assist unemployed people. Like I mentioned before, the quality of marijuana would be better which is good for the users’ health.

Why not legalize marijuana? It can benefit smokers, patients and government together. People can feel better off by smoking marijuana without danger. Our society can have more funding to support us for a bright future by collecting more money to change and shape our country in a positive way.

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2 responses

23 05 2011
susanyinshan

After reading your post on why marijuana should be legalized, I felt that your extensive use of statistics and the many different forms of sources that you utilized in your writing (such as quotes and graph) miraculously enhanced your main argument. An example of this would be the quotes that you used in the beginning from Judge Francis Young and the graph for comparing dangers of popular drugs which was embedded in the middle of the response. Also, I found that you had interesting facts, such as the one where Cannabis was used since the 6000 B.C in China, in which I was more than astounded when I first read it. Some suggestions that I have for improving your response would be to format the current response into shorter paragraphs with sub-headings to enhance the view of the response, as oppose to one long paragraph; and fix some of the spelling mistakes that you made. Overall, you have a very detailed response that utilized the benefit of different sources.

19 06 2011
Susan – ISP « The Blog for WLMac Economics

[…] Comment 4 […]

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