Legalization of Marijuana: One of Essay

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This is largely because there are two major reasons for the legalization of marijuana i.e. medical grounds and the potential revenues it could bring to the government. The decriminalization of the use of the drug can be a major point of governmental revenue through taxation of the sale of the drug. Secondly, as evident through history, the value of the drug to the medical field outweighs the disadvantages of its potential abuse in addition to its significance to both the paper and clothing industries ("Legalizing Marijuana," n.d.).

The decriminalization of the use of the drug will be of huge profit to the government because of the huge amounts related to the average price of the drug. Through this initiative, entrepreneurs are likely to begin their own operations because of the noticeable huge profits made in the marijuana market. Consequently, the supply of the drug on the streets will increase significantly resulting in an increase in government earnings through the taxation of the growing operations of marijuana sales.

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The extra profits generated by the risk-premium from the increase in operations of marijuana through legalization of the drug can be transferred to the government. Moreover, marijuana is less harmful and dangerous than some of the other drugs that are legalized such as alcohol and cigarettes. The medical benefits of the drug even outweigh those of many over-the-counter and prescription drugs. With the increase in health-related problems, the legalization and increase in use of marijuana could help in lessening health problems.

In conclusion, it's evident that marijuana is a drug with the potential of being one of the most beneficial and useful substances across the globe, particularly in the medical field. While its decriminalization has raised strong opposition, it should be legalized because of its benefits......

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