Marijuana is legal in some form in 33 states. Is this a good thing? It depends on who you ask. Most observers agree legal sales have been beneficial. However, there are still some naysayers. Here are some facts about legalization.

Personal Use

Most states with legal pot salesl allow residents to grow a few plants for personal use. This is very beneficial for medical marijuana users who don't live close to a dispensary. Go online to learn how to grow a cannabis plant. You'll need seeds so start by browsing seeds at i49. Most of the necessary supplies can be purchased on the internet.

Economic Factors

Legal cannabis boosts the economy in states where it's allowed. For instance, Nevada had over a billion dollars in sales in the first year of legalization. California legalized pot in 2018 and reached the billion dollar mark in 2020. States need an economic shot in the arm, and cannabis sales can produce that boost.

Jobs

The industry adds thousands of jobs each year. Experts predicted the industry to add over 400,000 jobs in 2020. The wide variety of jobs includes the cultivation and distribution sectors. Growers can make up to $20 per hour, and cultivation directors earn upwards of $100,000 per year. Many jobs are created in the area of cannabis research and testing.

Cannabis Revenues Benefit Residents

Much of the cannabis revenue is used for projects that help people. Many states use the revenues to pay a portion of Medicaid for residents. Aurora, Colorado, officials used $900,000 to build a facility for the homeless. Other projects include supporting scholarships, schools, and rehabilitation programs.

New Investment Area

Residents who want to earn money are investing in the cannabis industry. Cannabis remains illegal on the federal level, so businesses were excluded from the Nasdaq. Now, businesses that support the cannabis industry are included. Indeed, many of the stocks are top earners. In addition, investment opportunities exist in the Canadian marijuana industry. Marijuana has been legal in Canada for several years, and the industry is booming. Check the internet for the top licensed Canadian producers.

Legal Marijuana is Safer

Consumers are subject to many dangers when they buy pot on the corner. Legal cannabis is tested for composition, safety and potency. In addition, the products are labeled the same way. It's good to know what you're buying. For example, a customer may want something to help with relaxation. The label lets them know which products to stay away from in terms of potency.

Crime

Experts have different opinions on whether legal marijuana reduces crime. Legal sales have not eliminated the black market. Moreover, legal sales contribute to more competition among illegal entities. It appears this leads to an uptake in violent crime. On the other hand, legal sales save a lot of money in the crime-fighting arena. Law enforcement agencies spent millions of dollars a year to track and arrest recreational users. Those tax dollars can be used elsewhere.

Alcohol Use

A study shows that legalizing medical marijuana led to a downward turn in alcohol sales. The downward trend includea liquor, beer, and wine. Perhaps, people were using alcohol to ease their pain. Alcohol is a more harmful substance than medical marijuana.

Legalizing cannabis sales definitely helps the economy in two ways. States have more tax revenue to help people, and there are more jobs. Legalization also creates a safer product for consumers.