Benefits of Marijuana
The marijuana industry is gradually growing due to laws to promote its growth and sale in nations like Canada, Mexico, and the USA. Marijuana is currently legal in several US states, and more states are promising to legalize marijuana by the end of the year. There is a significant reason for every country to legalize marijuana, with the main reason being that legalization has a positive impact on the general economy.
In the US alone, the cannabis market of California has positively affected the economy. The cannabis industry in California is worth billions which is significantly higher than the most significant agricultural fairs in the state.
According to recent investigations, the cannabis market of California is the biggest in the world, and this has given the opportunity for more innovative entrepreneurs to start a business in the state. When the cannabis was established in California, they were only allowed to sell medical marijuana, which later resulted in low sales.
But when recreational cannabis was made legal in the state of California, the income from the cannabis market doubled significantly over a relatively short period and is forecasted to triple within the next two years. It is projected that the cannabis market of California will be worth about $6.5 billion by the end of the year 2020.
The income received from the legalization of marijuana for adult use will be shared between the public and the private sector. The government will gain billions of dollars in taxes collected from the marijuana industry. Other areas where the government will profit from include taxes from the cultivation of marijuana and taxes on the sale of marijuana.
In the state of Colorado, most revenues from marijuana originate from the sale of recreational marijuana which made the cannabis industry in Colorado to grow significantly between the year 2014 to 2015. Furthermore, the legalization of marijuana also reduced the activity of the black marijuana market.
Thus, it’s no surprise that the Colorado cannabis industry has surpassed the growth of important sectors such as the construction of sports complexes and performing arts venues, and this happens during the period of legalization.
The legalization of marijuana will promote more studies and research on the plant to prove the rumored advantages of the herb. It’s essential to research marijuana because it is amongst the most underrated drugs worldwide. If sufficient research is conducted on marijuana, it will lead to the establishment of different medicinal benefits and draw in more investment and innovation on the plant.
The nation of Israel is currently the leading nation in the world regarding marijuana research. There are about an excess of 100 research studies which are now being conducted in Israel to determine the impacts and safety of cannabis use for various medicinal conditions. Research on cannabis in Israel has attracted exponential foreign and US investors who have invested millions of dollars in marijuana research. The highest amount of marijuana investment goes into start-ups, delivery services, and patents, and it’s expected that investment in marijuana will increase by 2020.
Nevertheless, with the legalization of medical marijuana in 28 states and legalization of recreational marijuana in 8 additional states including Washington DC, the USA is slowly gaining momentum in the marijuana industry. The growing cannabis industry has given rise to many economic benefits in the form of jobs, making the cannabis industry one of the highest employed sectors, employing thousands of people and more.
Marijuana legalization worldwide could create more job opportunities since the marijuana plant can lead to the creation of different industries such as delivery services, cultivation, edibles sector, accessories sector and more.
Apart from the tax returns that are received from producing and selling marijuana, cannabis-derived items are also another good source of income. The state of Colorado is making enough profits from the collection of excise and sales tax for marijuana.
The marijuana industry also leads to the creation of other beneficial sectors. For instance, the legalization of marijuana has resulted in increased demand for services including web designers, writers, accountants, security personnel, electricians and cashiers.
The creation of new marijuana retail outlets will create spaces for new tenants in deserted warehouses, therefore, boosting the commercial real estate sector, and the building companies will profit from the building new retail outlets, dispensaries and grow warehouses.
On October 17th, the Canadian government legalized the adult use of marijuana. This decision was taken after Canadians spent billions of dollars on marijuana in 2016. Canadian marijuana companies such as Aphria is set to increase its operations to about 1 million feet of growing space to produce 20,000 pounds of marijuana per year.
The expansion of Aphria’s growing space is to meet up with the demand that will come from the legalization of marijuana for adult use. Currently, dispensaries in Canada are witnessing increased demand for marijuana buds, mainly because it’s used in the production cannabis oil.
The legalization of cannabis has created both individual and public health benefits that should wipe out potential harm. One of the main advantages of legalizing marijuana is that patients who utilize the plant for therapeutic reasons will be free from legal sanctions.
North America is facing a lot of problems from addiction and death relating to fentanyl, oxycodone and other opiates. Research has proven that the fall in opiate-related deaths is linked with medical cannabis legalization and the availability of dispensaries. Recent studies show that cannabis as a treatment for chronic pain is safe and that patients frequently utilize it as a substitute for other dangerous drugs, like opiates, NSAIDs (nonsteroidal anti-inflammatory drugs) and alcohol. Physicians are worried about the way professional societies are minimizing the health of patients by requiring a higher standard for prescribing of cannabis in contrast to prescribing of opioids.
Cannabis legalization would eliminate restrictions in research relating to the study of cannabidiol. CBD contains antiseizure, antianxiety and antipsychotic properties. Furthermore, it’s not associated with a “high,” and it’s not addictive.
The legalization of marijuana has led to the creation of a new tax revenue stream which encourages the growth of entrepreneurs and creates employment opportunities. States that have legalized recreational cannabis such as Colorado, California, and Oregon are currently witnessing outstanding growth in the economy due to the booming marijuana industry.
The marijuana market has also given rise to the edibles sector which is fast growing and is set to compete against several agricultural industries such as the grape and dairy sectors.
The legalization of marijuana in Canada has been projected to bring about $5 billion from the sale of marijuana and the collection of tax each year.
The Legalization of marijuana has also facilitated the need for more research on the effects and safety to implement sufficient dosage, therefore promoting the establishment of cannabis research facilities and testing laboratories.
All these economic benefits mentioned above show that marijuana should be legalized. Thus, we can certainly say that the legalization of marijuana will bring a lot of benefits that will boost the economy of the nation and decrease the activity of the black market.
Fun Facts about Weed
Fewer people become addicted to marijuana when they consume it for the first time in contrast to people who take cocaine and heroin for the first time which tends to have a higher rate of addictive properties.
The rate of marijuana consumption by teenagers in legal and illegal states is relatively equal.
The word “canvas” originates from the word “cannabis.” This is because hemp was historically used to produce canvases.
The rate of marijuana-related arrests in the United States increases per year. But not all marijuana-related arrests lead to convictions and the inmates in state and federal prisons who are charged for the possession of marijuana are less than 1%.
Bob Marley was buried with his Bible, his guitar, and bud of marijuana.
According to scientists, some compounds in marijuana can decrease and stop the flow of some kinds of dangerous cancer.
The two U.S presidents who grew hemp on their plantations were Thomas Jefferson and George Washington. The queen of Britain also permitted colonists to grow the plant.
DMHP is a more industrialized category of marijuana. DMHP is an effective drug that was created in 1949 by the U.S. military.
Former U.S president Barack Obama was a member of the “Choom Gang,” when he was in college. This gang of boys loved playing basketball and smoking pot.
The marijuana industry has been rapidly rising across the U.S since 2015. If the United States legalizes weed nationwide. The marijuana industry is projected to become larger than the organic food market.
Indians use marijuana as the main ingredient to produce a traditional milkshake called “Bhang.”
A bag of marijuana was the first product sold on the Internet 40 years ago. Students at Stanford University used Arapnet (an early form of the Internet) to purchase marijuana from their colleagues at MIT.
The most popular illegal drug in the United States is marijuana. Studies have proven that millions of Americans have attempted marijuana at least once in their lifetime, and about 25 million people smoked marijuana in 2017.
The word marijuana originates from a Mexican slang term for cannabis and reports state that it came from the Spanish pronunciation of the names Mary and Jane. (Both names were also popular slang terms in the Mexican military for a prostitute or brothel.) During the late 1800s, marijuana was recognized as a name for cannabis in the U.S.
In the U.S, men have a higher probability of consuming marijuana than females.
The use of marijuana in the United States is three times higher than the global average. But the percentage of marijuana utilization in the U.S is similar to other countries in Europe.
Scientists have proven that both alcohol and cigarettes are more dangerous than marijuana. Cannabis is not harmful when compared to other “hard” drugs like cocaine and heroin.
The leading producer of cannabis in the world is Paraguay.
According to the Rastafari religion, marijuana is among its main sacraments.
Canada was the first country on the planet to prescribe medical marijuana to patients suffering from chronic pain in 2003. And it became the second country in the world to legalize the adult use of marijuana.
When Tupac Shakur died, members of his record label combined the ashes of Tupac’s body with marijuana and smoked the concoction.
Marijuana has other names including reefer, pot, herb, ganja, grass, old man, Blanch, weed, sinsemilla, bhang, dagga, smoke, hash, tar, and oil.
According to scientists, chocolate generates similar brain reactions as marijuana.
- Bob Marley was buried with his Bible, his guitar, and bud of marijuana.
- 42% of people that live in the US have tried marijuana at least once.
- The word “canvas” is related to the word “cannabis.” Historically, canvases were made of hemp.
- The first recorded use of marijuana as a medicinal drug occurred in 2737 B.C. by Chinese emperor Shen Nung. The emperor documented the drug’s effectiveness in treating the pains of rheumatism and gout.
- California was the first US state that banned marijuana a century ago.
- In the U.S., a sentence of life in prison without the possibility of parole was given for trying to sell $10 of marijuana to an undercover officer.
- The first recorded use of marijuana was in China over 4700 years ago.
- Marijuana absorbs nuclear radiation. In 1998, the Ukraine’s Institute of Bast Crops planted industrial marijuana to help remove contaminants in the soil near Chernobyl.
- The name marijuana comes from a Mexican slang term for cannabis and is believed to have derived from the Spanish pronunciation of the names Mary and Jane. (The two names were also common Mexican military slang for a prostitute or brothel.) Marijuana came into popularity as a name for cannabis in the U.S. during the late 1800s
- From 1850 to 1942, marijuana was listed in the United States Pharmacopoeia as a useful medicine for nausea, rheumatism, and labor pains and was easily obtained at the local general store or pharmacy
- In 1996, California became the first U.S. state to legally allow medical marijuana for patients with a valid doctor’s recommendation.
- The woman who made cannabis brownies famous by baking and distributing them to AIDS patients was actually called Mary Jane.
- There is a difference between hemp and pot. While hemp plants are the same species as marijuana plants, they don’t produce the psychoactive ingredient (THC) that is in pot.
- After Tupac Shakur’s murder, members of his music group mixed Tupac’s ashes with marijuana and smoked the concoction.
- Spiders high on marijuana built messy webs, were easily distracted, and gave up easily. Spiders high on LSD, on the other hand, spun highly geometric webs, even more so than when they were sober.
- The temperance movement of the 1890s suggested marijuana as an alternative to alcohol consumption. This was because alcohol abuse increased the risk of domestic violence, while marijuana use did not