Legalizing recreational marijuana has proven to be lucrative. The researchers are beginning to understand how legalizing all that weed has affected the world.
People in the present-day world have started to know about the marijuana culture and have also realized the potential health and commercial benefits of marijuana. They have now created a strong opinion that it should be removed from the criminal justice system and should be regulated just like alcohol and tobacco.
The debates and discussions over marijuana legalization are just one of the many ways the political landscape would change as the world comes to terms with drug and criminal justice policies.
Let’s have a look at the 7 ways the legalization of marijuana has affected us lately.
1. An Influx of Tax Revenue
Better than expected worldwide sales of marijuana over the past year have resulted in buoyant tax revenues. Marijuana's legalization has helped increase at least $132 billion in tax revenue nationwide and more than a million new jobs across the United States during the next decade.
2. Creates Income and Jobs
Setting up marijuana dispensaries and nurseries have created a lot of job opportunities. This not only helped create jobs for people around the world but also helped in establishing the economic activity in the marijuana industry.
In many states, such infrastructure already existent and the economic impact seems to be more quantifiable as the sector matures.
It is estimated that at least 81,000 additional direct and indirect jobs have been produced and there’s an increase in total labor income by at least $3.5 billion.
3. Provides an Alternative to Opioids
Millions of people across the globe are now addicted to opioids. Whether they are taking the drug as a result of an occupational accident or a constant medical issue, patients are finding it difficult to escape from using opioid products in their day-to-day lives. Medical marijuana represents a great alternative to these opioids. Miami marijuana doctors believes that the states with legalized marijuana have fewer opioid-related deaths.
4. Cuts Off Supplies to Drug Dealers
Criminal enterprises often produce and distribute marijuana for revenue. Legalization of it allows regulation of the supply chain. Marijuana legalization cuts off the supplies to drug dealers and protects the consumers.
5. Decreases Healthcare Costs
Research shows that states where medical marijuana is legal, see a significant reduction in medical costs per individual. The health benefits of marijuana are quite massive. The impact of growing autoflowering cannabis for medical use has been most `arfavorable in the legalization process in some states. This has also served as a major reason for changing the perspective of people about marijuana.
6. Easy Access for Patients
Medical marijuana has been saving lives and improving the quality of lives around the world. Even where it's legal, medical marijuana still has an expensive cost and is available only to some.
Cannabis can help treat Alzheimer’s disease, post-traumatic stress disorder, inflammation, stress, cancer, etc. A CBD dosage for pain is said to be really helpful for people suffering from chronic pain.
The availability of marijuana doctors throughout the world have made it easier for patients to gain expert opinions and consultations regarding the use of marijuana for medical purposes.
7. Removes Restrictions on Hemp Production
Hemp is an eco-friendly and sustainable herb which is a variety of the Cannabis sativa plant species. Hemp consumes less water than cotton to produce the same amount of material. And hemp isn’t just used for making fabric and paper. Hemp-based plastics are quite impressive as well.
Millions of people have now been experiencing the direct and indirect benefits of marijuana legalization.
About the Author -
Kathy has been closely studying the cannabis industry trends from quite some time. Intrigued by the booming growth of this sector, she takes interest in penning down her views providing quality insight on current marijuana trends, particularly medical cannabis.
Thank you to Erik McLean for our blog cover pict