http:\/\/web.a.ebscohost.com\/ehost\/detail\/detail?sid=d9aa3d9a-7202-4174-ab93-8d2a83e43f70%40sessionmgr4001&vid=35&hid=4212&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=a9h&AN=99339026<\/p>\n
Jonsson, Patrik. “How legal Marijuana is reshaping state economies”. Academic search complete.<\/em> EBSCO publishing, 11 November 2014. Web. 19 July 2015.<\/p>\n In my high school economics class I learned that the fundamental principle of the government is to maintain a low unemployment rate. \u00a0This concept is highly encouraged in the article written by Patrik Jonsson because he discusses how the legalization of Marijuana can have a significant impact on U.S\u2019s economy. Generally, the success of a country\u2019s economy is a measure of country\u2019s superiority. Many Marijuana supporters believe that Marijuana is able to provide a plethora amount of jobs. As a result, Jonsson reiterates the notion of innovation in the job market and the creation of thousands of jobs.<\/p>\n Additionally, Marijuana is able to provide millions of dollars in revenue because the demand for it is high. Also, Marijuana and tobacco are similar in regards to financial benefits because both products can produce successful business industries. \u00a0In the article, \u201chow legal Marijuana is reshaping state economies\u201d, Jonsson states \u201cColorado now sports 18,000 state \u2013certified, or badged, pot industry workers eligible for jobs\u201d. Only in Colorado Marijuana has constructed thousands of jobs, if Marijuana is legalized throughout the U.S the number of jobs would exponentially increase. In fact Marijuana has a lot of monetary value because when people get jobs they spend money thus shifting the economy in a positive manner. Additionally, Jonsson says the \u201caverage weekly wage of a marijuana industry worker is $555\u201d. The annual salary of a Marijuana industry worker would be about $29,000, which is significantly higher than the average salary of $26,000 in the U.S. The legalization of Marijuana would increase the average salary and restructure state\u2019s economies. Another economic truth to take into consideration from legalizing Marijuana is that it will have a domino effect which will affect other companies. \u00a0In the article Jonsson quotes a spokesman for the Marijuana policy project in Washington D.C. The spokesman states how \u201cpackaging and labeling companies \u201c will be affected financially from the legalization of Marijuana because these companies will be a vital component in the distribution of the product.<\/p>\n Furthermore, there are also false economic assumptions made by people about legalizing Marijuana. If Marijuana becomes a dependent source for economic gain the U.S will be in major turmoil. \u00a0Jonsson discusses the stock aspect of Marijuana and emphasizes that \u201cdespite the hype with populace, Marijuana stocks remain risky and mostly something to avoid now\u201d. \u00a0If the stock value for Marijuana is delicate, the value for Marijuana in the future can have a significant drop. \u00a0Also in the business world people will do anything to seek profit and Jonsson examines this issue. He argues, \u201ccorporatized Marijuana industry will, like tobacco and alcohol giants, target younger American\u2019s for profits\u201d. This employs the desperate methods that large companies are willing to do for profits. Towards the end of the article Jonsson quotes a Harvard economist about the GDP of Colorado in which he says, \u201cneither Colorado\u2019s GDP nor wages have so far risen notably because of legalization\u201d. Many Marijuana activists tend to overrate the economic upside of the legalization of Marijuana.<\/p>\n <\/p>\n Ultimately, Jonsson supports legalization of Marijuana because he repeatedly highlights the positive impact Marijuana can have on the economy. \u00a0Although he discusses the positives and negatives of Marijuana, he displays greater support towards how the people will benefit economically from Marijuana.<\/p>\n","protected":false},"excerpt":{"rendered":" http:\/\/web.a.ebscohost.com\/ehost\/detail\/detail?sid=d9aa3d9a-7202-4174-ab93-8d2a83e43f70%40sessionmgr4001&vid=35&hid=4212&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=a9h&AN=99339026 Jonsson, Patrik. “How legal Marijuana is reshaping state economies”. Academic search complete. EBSCO publishing, 11 November 2014. Web. 19 July 2015. In my high school economics class I learned that the fundamental principle of the government is to maintain … Continue reading