Colorado s Legal Weed Market - 984 Words

In November 2000, voters in Colorado passed Amendment 20, which enabled patients and their caregivers to obtain a restricted amount of marijuana from medical dispensaries (Sensible Colorado, n.d). The Colorado Department of Public Health and Environment faced legal charges for creating an informal rule prohibiting caregivers from providing medical marijuana to more than 5 patients at a time (Sensible Colorado, n,d). In 2007, Sensible Colorado, Colorado’s medical marijuana distribution system, won the lengthy hearing, and its victory made way for store-front dispensaries throughout Colorado. Fast forward November 2012, 55% of Colorado’s voters were pro-Amendment 64 (Sensible Colorado, n.d). Amendment 64 made recreational marijuana use legal to anyone age 21 or older. This law was effective January 2014, and almost two years later the changes in the state are astounding. Christopher Ingraham looks into marijuana’s first year as a business industry in â€Å"Co lorado’s Legal Weed Market†. In Colorado’s first year of legalization, their recreational dispensaries brought in an estimated $700 million in sales and $63 million in tax revenue (Ingraham). Katie Rucke reports that nearly 10,000 new job opportunities have arisen in â€Å"Six Months In, How Has Marijuana Legalization Treated Colorado?† The state’s unemployment rate has dropped down to 6%, one of the lowest rates in the nation, and the lowest it has been in the state since the recession (Rucke). Many jobs created by theShow MoreRelatedShould Marijuana Be Legalized? Essay1470 Words   |  6 Pagesthought to be addictive, dangerous, and scary. By the 1960’s the demographics between marijuana users shifted from lower class immigrants to college students. This change only showcased the lack of proof regarding the harms of weed since most smokers had no negative effects from using the drug. And the mild effects of intoxication were rather ple asant. Despite the growing consensus that marijuana was not a dangerous drug, during the early 1970’s president Richard Nixon decided to take a stance againstRead MoreThe Legalization Of Marijuana Effects1569 Words   |  7 Pagesday. However, as I got more prepared I comprehended that people would regardless utilize calms notwithstanding the way that it s illicit. I could never appreciate why someone would struggle with the law and danger their life just to use drugs? The prescription that I am talking about is Mary-jane, and shockingly it is surrounding us. Pot is even suggested in today s media Mainstream media sources that people acknowledge, like music, films, and TV shows up, don t essentially attempt to give theRead MoreShould Marijuana Be Legalized? Essay1223 Words   |  5 Pages The act of legalization in the state of Colorado has yielded many advantages in the field of marketing. With these advantages, however, come many disadvantages. This study will identify h ow marijuana legalization can affect the US market economy. This study will also identify the advantages and disadvantages of marijuana legalization on the state and federal levels. â€Æ' Marijuana Marketing: How Marijuana Legalization Can Affect a Market Economy A market economy is an economy in which decisionsRead MoreShould Marijuana Be Legal?986 Words   |  4 Pagessmoke builds, the mind relaxes. It’s a process that at one point, could have landed you in jail. But now, smoking pot in California, is legal. On Tuesday, November 8, 2016, California became the fifth state to legalize the recreational use of pot. By a margin of about 56% to 44%, voters passed Proposition 64. With its passing, California is now among states like Colorado, Washington, Oregon and Alaska who have also legalized marijuana. â€Å"Marijuana could become quite the cash crop† said Richard McGowanRead MoreShould Marijuana Be Legalized?897 Words   |  4 Pages A very well-known topic in today s society is marijuana also known as cannabis or weed. As a matter of fact, the big question today that many people tend to disagree on is whether or not marijuana should be legalized? Recently, all eyes have been focused on Colorado due to the fact that they became the first state in the U.S to officially pass an amendment legalizing the consumption and use of marijuana. Marijuana can be classified as a depressant and a hallucinogen. This drug has beenRead MoreThe Legalization Of Marijuana In California. To Recreationally1582 Words   |  7 PagesMarijuana was legalized in California for adults 21 and up Tuesday, November 8th, 2016. 57% of voters said â€Å"yes† on proposition 64 while 43% of voters said â€Å"no†. By proposition 64 being legal you are now able to grow and purchase marijuana for personal use. In an local CBS article they explain how marijuana being legal could cause employees to have a false impression that it is fine to come to work stoned. â€Å"In 1996, Californians approved of medical defenses against prosecution for certain marijuanaRead MoreShould Marijuana Be Legalized?1579 Words   |  7 Pagesto the elderly people. Some individuals use it because they enjoy the feeling they get from smoking or eating it, whereas others use it for medical reasons. Marijuana is starting to become decriminalized in mo st states, with Colorado and Washington having already made it legal for recreational use. Moreover, a handful of states throughout the country have already implemented a medical marijuana policy into their state healthcare system. Having potential to provide so many social, economic and medicinalRead MoreColorado s Marijuana Market : What Resulted From Legalization?1382 Words   |  6 PagesLori Pangborn English 1A 26 October 2015 Colorado’s Marijuana Market: What Resulted From Legalization? [Draft] Ever since Colorado passed the nation’s first state law to tax and regulate the sale and personal use of marijuana for recreational purposes, the Centennial state became an ongoing social experiment. January 1, 2015, marked the one year anniversary since marijuana became available for purchase for adults 21 and older in Colorado. For over two years, the state has also allowed adults to possessRead MoreShould Marijuana Be Legalized?1656 Words   |  7 PagesAbstract All over the nation we are seeing economic growth due to the legalization of marijuana. In 2014 expected tax revenue from the marijuana industry is an expected $67 million just in Colorado alone. Now in Washington their government is allocating a 25% excise tax on marijuana. While in Colorado they assigned a proposition to enable a 15% excise tax, and a 10% sales tax on recreational marijuana. Marijuana is stimulating businesses all over, whether it be real estate, construction, or candyRead MoreShould Marijuana Be Legalized?1269 Words   |  6 Pageslegalize it? Although there are legal restraints against marijuana, 1 in 3 Americans have tried it, out of curiosity at least once. Multiple studies have proven that, marijuana is psychologically and physically healing. Medical marijuana should be legalized for its beneficial advantages, such as, treating or preventing health conditions, increases in tax revenues, and improvements in our communities. Marijuana, most commonly referred to as, weed, is the country s most utilized drug that society