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In 2019, the US gained a total of 1.7 billion dollars in tax revenue due to the legalization of marijuana. In 2021, that number more than doubled to 3.7 billion dollars. [14] The increase in tax revenue being a driving factor in the legalization of marijuana is similar to the effects of the repeal of prohibition.
A 2002 DAWN report, for the USA records two possible drug-induced deaths where marijuana was the only drug found. [161] Legal drugs however, have been the cause of more than half a million deaths a year: 480,000 from tobacco smoking-related illnesses and 80,000 from alcohol use disorder. [162]
Guatemalan President Otto Pérez Molina and Colombian President Juan Manuel Santos proposed the legalization of drugs in an effort to counter the failure of the war on drugs, which was said to have yielded poor results at a huge cost. [94] On 25 May 2016, the Colombian congress approved the legalization of marijuana for medical usage. [95]
The legalization of marijuana can open up the possibility to regulate it. That regulation implies the opportunity to tax the drug, and it also makes law enforcement easier.
As shelter-in-place orders drag on and the U.S. economy limps through the second quarter, investors, economists and politicians are asking important questions about what the post-outbreak economy ...
The head of the South Carolina state police force also has opposed efforts to legalize medical marijuana, saying it opens the door to other drug use. A legalization bill backed by Republican state ...
The issue of marijuana legalization has come up in the 2024 United States presidential election. Independent 2024 presidential candidate and environmental lawyer Robert F. Kennedy Jr. has supported legalizing marijuana as a method to combat drug addiction. [214]
Packaging for a marijuana cigarette sits on top of dried cannabis flowers on April 30, 2024 in San Anselmo, Calif. The U.S. Drug Enforcement Administration announced plans to reclassify marijuana ...