Question by E M: Any studies on the economic benefits of medical marijuana legislation?
I know of the economic benefits of legalizing marijuana, that’s pretty well documented. But I haven’t been able to find any information on, say, the positive (or negative) impact that legalizing medical marijuana has had on, say, California’s economy. Anybody have any information or resources on this?
Answer by Pfo
The studies that I’ve seen estimate the amount of black market trade that takes place, applies a tax rate to that sum and declares that to be what we should expect if we legalize it.
This is unrealistic, because marijuana is a weed that grows in nearly every climate. If legalized, it would grow easily, supply could boom and price would come down. Seeing as how it can be grown easily, it’s feasible that most wouldn’t pay taxes on it and the tax would not be enforceable.
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