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Economic Impact of Cannabis
The economic-themed article chosen for this paper is from Forbes, and it takes a position that would have been considered controversial, even outrageous, just a few years ago. The writer asserts that marijuana is considered the "best start-up opportunity" for entrepreneurs in 2015. This paper will present a review and critique of the article. At the end of the bibliography the link to the story is provided. Marijuana can become a huge boost to state's economies, and in time, according to the article, many states will benefit economically.
Why Legal Cannabis Is 2015's Best Startup Opportunity
Journalist Carol Tice, who covers entrepreneurship issues and startups for Forbes, explains that helping develop the legal marijuana industry is a smart way to launch a business in 2015. Twenty-three states now have legal marijuana for medical purposes, which means with a doctor's prescription (and a state ID in many cases) a person can legally purchase small amounts of pot....
She doesn't go into what maladies medical marijuana is prescribed for, but she does explain that while buying marijuana is only legal in two states at the present time (Colorado and Washington State), two other states (Alaska and Oregon) will have legal marijuana for sale over the counter later in 2015. In fact Alaska's new law goes into effect later in the month of February, Tice notes.
"It's just a matter of time before more states get on the bandwagon," Tice explains, and that spread of legalization will "open up huge new markets," and startups that get launched this year will be fully ready to profit from this new demand that is on the horizon (Tice, 2015). She doesn't explain how a startup in a state where marijuana is illegal would be able to grow the cannabis in anticipation of being able to sell large quantities of various strengths in legalized states, but she obviously believes there is a huge market where is already legal, or about to be legal.
Because new industries aren't "spawned…very often," legal marijuana may be the "best ground-floor opportunity" since the days when the Internet was just being developed (Tice, p. 1). Last year, according to Factbook, about $1.6 billion to $1.9 billion was raised through legal medical marijuana sales; and an additional $600 to $700 million was sold for "legal, recreational use" in Colorado (Tice, p. 2). Over the next three years, the estimates show that the business of…
Works Cited
Tice, C. (2015). Why Legal Cannabis Is 2015's Best Startup Opportunity. Forbes. Retrieved February 9, 2015, from Forbes.com.
Below is the link to this story -- not the link to Forbes per se.
http://www.forbes.com/sites/caroltice/2015/02/05/why-legal-cannabis-is-2015s-best-startup-opportunity/
Marijuana Legalization Marijuana, also known as marihuana, is a drug that is taken from Cannabis sativa, a hemp plant. It is one of the most frequently used and popular drugs in the world along with caffeine, nicotine, and alcohol. The United States of America is one of the world's leading producers of marijuana where it is generally smoked and is also referred to as weed or reefer by the citizens ("marijuana"). Marijuana
Marijuana Legalization The reason as to why people believe that Marijuana is illegal is wrong and attempts should be made to legalize it. There are a lot of studies that state that by using drugs lot of medical problems may be caused. But studies have proved that this is not true and not as harmful as junk food, tobacco and alcohol. (Bowman 8a). Also individuals feel that Marijuana is addictive in nature
1). Secondly, because the law does not differentiate between hemp and marijuana, I believe that the legalization of marijuana would provide a major industrial and agricultural opportunity for hemp farmers and manufacturers. Hemp can be used in a variety of applications from specialty pulp, composites for autos, construction and thermal insulation, and geotextiles (Small & Marcus, 2002). If marijuana is legalized, money can be saved as the product no longer needs
However, someone sitting inside their own home smoking marijuana for pleasure is an important use in itself and one which should not be ignored. "Like sex, alcohol, or cigarettes, marijuana is one of life's little pleasures for some people," and although it can be a vice, the recreational uses are a definite reason for legalization (Messerli 2006). People should not be told what they should and should not enjoy;
The relationship between marijuana and harder drugs changes over time as different drugs become more or less popular. Because marijuana is the most popular illegal drug in the U.S. today, people who have used less popular drugs (heroin, cocaine, LSD) are also likely to have used marijuana. Most marijuana users have never used any other illegal drugs (Morral 2002, Kandel and Davies, 1992). Opponents also argue that marijuana can cause
Marijuana Legalization: Pro or Con? Support for marijuana legalization has increased in recent years, particularly since a number of states have legalized the drug, even though the substance is officially prohibited on the national level. The War on Drugs has had a disproportionate effect upon many communities, and there is strong support for decriminalization at minimum, given the argument that enforcement has disproportionately impacted historically discriminated-against communities in a negative fashion.