Effects of Legalizing Marijuana Data Analysis Results
The predicted effects of legalizing marijuana are slowly, but surely, starting to reveal themselves. A recent study published by the Cato Institute set out to prove or disprove certain claims made by proponents on both sides of the debate over marijuana legalization.
“Dose of Reality: The Effects of State Marijuana” analyzed marijuana, alcohol and other drug usage, taxes and the economy, marijuana prices, crime, traffic accidents, public health and the affect on teens in Colorado, Washington, Oregon and Alaska using marijuana pre- and post-legalization data.
Taxes & Economy
Perhaps the most noticeable effect of marijuana legalization is tax revenue. The study states that areas in the U.S. that have legalized marijuana for either recreational or medical use “reaped unexpectedly large benefits in state tax revenue.”
In 2015, Colorado generated a total of $135 million solely from recreational marijuana and almost 26% of that revenue funds school construction projects and improvements...
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