Marijuana legalization would produce revenues that could be used for the country’s development. This is possible when an assumption is made that marijuana will be taxed similarly to tobacco and alcohol. Another assumption made is that the income received by producers of marijuana would be taxed as sales and income tax (Yoruk & Yoruk, 2011). It is important to note that taxes are not the only revenue source from the legalization of weed. The local and state governments could save a lot of finances that they presently use in regulating the use of marijuana. Appropriate examples to explain this case is looking at the two states that have legalized marijuana use, Colorado and Washington. About 18 nations have made the use of marijuana for medical reasons legal and other 10 are presently considering the process of legalizing marijuana. However, opponents of marijuana legalization hold that the social impact (crime, social disintegration, and violence) outweigh the economic advantages (Caulkins, 2013). But, a majority of people support the legalization of marijuana.
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Therefore, marijuana is better to in terms of its effects to human body that most of the legal substances and thus its use should be legalized.Legalization of marijuana can assist in reducing its price and thus promote the economic positions of the users.
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