Marijuana Business News: Cannabis Industry Financial

Washington, D.C. — The national prohibition on bud has Been a disaster. For decades, millions of Americans have already been locked up, and billions of dollars are wasted. Additionally, it is deepened economic and racial inequality. We have to end this nonsensical prohibition.

The facts are shocking. Back in 2017, more Americans were Arrested for cannabis business news possession than for murder, rape, aggravated assault, and vandalism combined. That is one marijuana arrest every minute.

The costs related to enforcing this ban — such as Arrests, court costs, and incarceration — hit nearly $14 billion a year.

Prohibition also hurts the economy in terms of wages. And Americans with police records have a harder time finding a job and finding the instruction they require.

Alternatively, legalizing, taxing, and regulating would be Good for the market and creates projects.

By only levying tax marijuana like we do cigarettes And alcohol, local and state authorities could raise more than $1 billion annually. This doesn’t even include extra revenue from taxation on the marijuana industry.

States such as Colorado and Washington that tax and govern bud has already generated millions of dollars for health care, education, and other community investments.

But that is more than an economic matter. It’s also a matter Of racial equality and justice.

The federal prohibition on marijuana dates back to Anti-Mexican sentiment in that the 1930s.

Today, brown and black Americans ‘ are still considerably more inclined To be arrested for marijuana compared to white Americans, despite having a bud at similar prices.

Given the racist legacy of that legislation, it’s particularly Important the financial gains of legalization expand to communities which have been most harmed by the war on drugs.

Confirm for marijuana legalization has surged in recent Years, using two-thirds of Americans currently and only it.

A Vast Majority of Republicans are in service, and much more Countries are working to reform their legislation and move toward legalization.

Donald Trump and his government are trying to flip Straight back the clock. They’ve even formed a task force to weaken community support for legalization and spread misinformation about alleged”marijuana threats.”

Just like with all the prohibition on alcohol in the 1920s, the National prohibition of marijuana has been cruel — wasting tens of thousands of dollars, unjustly harming millions of lives and furthering racist policies.

It’s time to legalize marijuana.

Observe: The federal prohibition of marijuana has been Unnecessarily unkind –wasting countless dollars, unjustly harming numerous of lifestyles, and furthering racist policies.

Robert Reich is the Chancellor’s Professor of Public Policy At the University of California, Berkeley, and a senior fellow at the Blum Center for Developing Economies. He served as secretary of labor from the Clinton Administration that Time magazine called him among the ten most effective Cabinet secretaries of the twentieth century.