Marijuana has a lot of benefits if it is legalized. In this blog post, we will discuss the social, economic, and medical benefits of Marijuana and why all countries should legalize it.
Marijuana is often beaten up by people for causing accidents and health problems. Little do they know, that marijuana is not to be held accountable for such incidents; instead, the ones who decide to consume marijuana in unhealthy doses are the real culprits.
Everything should be consumed in appropriate amounts, especially marijuana. Banning marijuana isn’t going to affect the number of accidents or arrests. But legalizing it can make huge differences.
Marijuana has been legalized in several places but there are still many places that deem it illegal to smoke marijuana freely. In this blog, we will shed light on why and how marijuana can help the nation make strides and affect the health of people positively.
Let’s get started!
Reasons For The Legalization Of Marijuana
We can list down a lot of reasons for legalizing marijuana however we will be sticking to a few significant ones. There are many reasons in favor of the legalization of Marijuana ranging from social, medical and to economic ones. Some of these are mentioned below:
Medical Reasons
The legalization of Marijuana for its medical use is considered most favorably among many Americans. The medical benefits of Marijuana come from its compounds like cannabidiol (CBD), which is thought to help your brain function better and have anti-inflammatory effects on the central nervous system; some of these benefits include:
- Chronic Pain Relief
It helps relieve chronic pain such as migraine, endometriosis, and arthritis because of its chemical compounds, which modifies the perception of pain in your brain.
- Mood lifter
Marijuana is thought to have endocannabinoid compounds that help in treating depression and other such mood disorders in a person by steadily alleviating their moods.
- Fights Cancer
A number of researches show that Marijuana is also very useful in fighting cancer, especially in combating chemotherapy effects like nausea and vomiting.
Social Reasons
The prohibition of Marijuana on a state level takes away the liberty and the freedom of choice of individuals. Above all, it can help in various social aspects. Legalizing Marijuana can benefit society in the following ways:
- Domestic security
The majority of the population believe that Marijuana can increase the number of car accidents as its effects will exert an influence on the driving skills of a person. But the latest research has proved that Marijuana isn’t similar to driving under the influence; instead, its legalization can help in decreasing the accidents caused due to DUIs.
- Clear Criminal Records
There are many people whose records have been damaged just because they smoked Marijuana; having a criminal record can affect a person’s whole life, from career to personal. However, once Marijuana is legalized, innocent people who have criminal records because of Marijuana can get access to more jobs opportunities and wouldn’t be ashamed in the society they live in.·
- Reduced Crime Rates
The legalization of Marijuana, as demonstrated from law enforcement statistics and several studies, can assist in decreasing the rate of crimes dramatically. In addition, the resources spent on marijuana-related court cases and arrests are considerable; these resources can be utilized for the right cause after the legalization of Marijuana since there will be no more court cases and arrests.
- Decreases anger issues
No one can deny that Marijuana is a “feel-good” drug, so smoking marijuana can be beneficial when it comes to releasing stress — that might have been causing mood swings and frequent tantrums — which calms down a person. It is a proven fact that Marijuana keeps negativity at bay. However, consuming Marijuana in substantial amounts may result in the opposite effect and may induce a sense of paranoia.
Economic Reasons
- Effect On Tax Revenue
Marijuana sales in Colorado and Washington have been higher than predicted in recent years, resulting in increased tax collections. On medical and recreational Marijuana, Colorado in 2019 collected more than $302 million in taxes and fees. As per a report by Arcview Market Research and BDS Analytics, In 2019, the sales in the U.S. reached $12.2 billion, and according to estimation, it would be $31.1 billion by the year 2024. Also, the local reporter advocates this vision as well.
- Income And Jobs
The states that support medical Marijuana would now set up marijuana nurseries and dispensaries. This factor will create job opportunities and play a vital role in kick-starting the economic activity in the marijuana business in these areas. The economic impact of such infrastructure in regions like California and Nevada, where it already exists, has become more quantifiable as the sector has evolved.
According to research by RCG economics and marijuana policy groups, legalizing recreational Marijuana in Nevada may support over 41000 employment and create over $1.7 billion in labor income by 2024. In addition, according to the ICF analysis, legalized marijuana sales will result in at least 81000 new direct, indirect, and induced jobs in California. It also anticipates a $3.5 billion increase in total labor income.
- Investment Opportunities
On a local and national basis, legal Marijuana has the potential to be a huge boon to the economy. It may also aid in the protection of clients’ financial portfolios across the country and beyond. Unfortunately, while Marijuana remains illegal on the federal level, investors are finding it tough to profit from the industry’s expansion.
Marijuana companies can easily list their stocks on U.S. exchanges if this product becomes legal on a national basis, increasing liquidity and allowing access to a large pool of investors.
Wrapping up!
If all nations started legalizing Marijuana, they would be helping the people living in their country and doing themselves a huge favor. Marijuana is an excellent medicine, but as we all know, “Anything in excessive quantities can become poisonous.”
Consuming Marijuana in appropriate amounts is the best thing marijuana smokers can do for themselves and those around them. It’s about time that the benefits of Marijuana overshadow the exaggerated drawbacks that people acknowledge.
