Economic impacts of cannabis legalization

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Canada became one of the first countries to fully legalize cannabis consumption and sale on a national level. The second country is Uruguay.

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Now, I’m going to talk to you about economic impact of the legalization of cannabis in Canada. All consequences of legalizing cannabis in Canada will depend in large part on the exact stipulations and on the implementation, regulation and practice of the

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legalization act. A strict regulatory framework is necessary to minimalize the health burden attributable to cannabis use.

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In your opinion is marijuana legalisation good for the canadian economy? My first thought was new taxes. The canadian marijuana market is expected to be in the range of 5$ bilion per annum. Critics of this policy argue that there is no new addition to

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to the economy. This annual figure of 5$ to 8$ bilion was already a part of the Canadian economy. Since it was illegal, it was not being accounted for. However, now since it is legal, it will be accounted for.

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However this difference is not minor. Since the sale of cannabis will now be legal in Canada, the Canadian government will have the authority to tax the sale. The Canadian government has decided to levy a tax of 1$ per gram of cannabis or 10% of the sale

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price whichever is higher. This means that the Canadian government will earn at least 500$ to 800$ milion in additional taxes every year. Hence, the direct impact of cannabis legalization will be a significant increse in the revenue of theCanadian state.

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Also, it is likely that there will be a significant increasment in the revenue being generated by taxing employment as well. Up until now, the income being earned by drug peddlers were illegal, so they were not being taxed. Now companies will legally earn

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profits, so they will have to pay taxes. Also the salaries that they pay to thousands of employees will also be taxed. The final result will be that the canadian government will be singnificantly better off.

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Here I would like to compare face to face sale in the store to the possible sales over world wide web. Which of these will prove to be more successful? The future of canabis bussiness in Canada is still not clear. The business was illegal until now. This

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is the reason why cannabis use still has stigma associated with it, and regular users of cannabis are viewd as drug addicts. This might take some time to change. This is the reason why many people belive that cannabis users will prefer to by online. This

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is because brick and mortar shops do not provide the annonymity that online purchases provide. The impact of the legalization of cannabis is likely to be felt by e-commerce industry in Canada which is likely to witness a steep spike in revenue. Not only

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does the income go up significantly but the expenses are also reduced drastically. If possesion and sale of marihuana is decriminalized, the number of crimes will drop a lot. There will be no drug gangs who will be inciting drug-related violence on the

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streets of Canada. The absence of these gangs will save the canadian government a lot of money in terms od law enforcement costs. Adding to the direct cost of imprinting policy reforms, legalisation will cause consumption of cannabis to increse, and this

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increse will have direct economic cost in terms of health care, social sercices and criminal justice. Next viewd of economic impact is the movenent on tourism. Since most of the world is still against legalizing cannabis this might benefit Canada when

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when people look at possible vacation destinations. This is because states and countries where marijuana is legal will attract a lot more tourist. The government of Canada is very optimistic about the fact that people from across the world will visit

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Canada and this cannabis tourism, will also lead to a significant increse in both, private and government revenue. To sum it up, the government of Canada is likely to reap, a significant economic benefits as a result, of its cannabis legalisation

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legalisation policies. I can’t see any bad impcts on economy. But only economy... The other impacts neet to be considered as well. For exemple safety on the roads. But if Uruguay and Netherlands are considered to be examples, there seems to be no big

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no big harm in legalisation of cannabis.

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I would like to start by welcoming you all here today. The purpose of my presentation today is to present a closer look of economic impact of the legalisation of cannabis. My presentation will give you a small insight into some possible

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advantages of legalizing cannabis in canada or any other country in that regard. So, let me begin by giving you an outline of my talk today.

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First of all i’ll give you a brief account of the movement of legalizing marihuana across the world and mention a few places where it is already legalized. Soon after I’ll talk about taxing system and possible government expenses as well as gains.

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Finally we will go through the impacts of the movement on tourism. The movement to ensure the legalisation of cannabis has been going on in many parts of the globe. Can you think of any countries which have legal marijuana?

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Even United States. Many states have legalized cannabis. This means that it is legal to possess cannabis for the purpose of sale in these states. But this rule has not been formed on a national level. In fact this rule is not even present in the

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in the Netherlands. This means that althrough cannabis is widely sold and consumed in coffee shops in Amsterdam, technically it is not legal to possess more than a certain amount of cannabis. There are only two countries in the world where cannabis

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where cannabis is completely legal now. Canada became