Paper Topic:

effects of legalizing marijuana in California economy

Running Head : LEGALIZATION OF MARIJUANA

The Economics of Marijuana Legalization in California

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The Economics of Marijuana Legalization in California

Drugs are all useful when taken in moderation or in right prescription Anything that goes beyond the limit can be called substance abuse or addiction which appeals to our moral sense . However , aside from the health concerns that drugs bring to the debate is the business behind it . Those termed as illegal drugs are now found to be useful not only for improving ones

health but also to improving the economy . On the other hand , they could also be harmful and destructive while being profitable for the economy . The question now should be : will the legalization of marijuana bring monetary benefits to government aside from the possible health benefits it could bring ? And will these benefits outweigh the costs of addiction and destruction of oneself and society

In 2008 , California has the highest gross domestic product in US which is the 8th largest in the world economy as well . But with the challenges the US recession brought , California has not been safe with problems and crises , regardless how productive and large their economy is . Problems on unemployment and service cuts were aggravated by the recent financial crisis and to get back into its shape , government officials are taking steps , even new and innovative steps . Legalizing marijuana is seen as a potential source of income for government since the drug has proven uses not only in medicine...

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