Question

How will the legalization of marijuana in Washington (state) impact the GDP of WA? Expla your answer.

Answer 1

2014 to paul November 2012, Colorado and washington State volere replaced mani Juana preobebition with legalization taxation, and regulation for adulte over 21. since eight additional states have legalized and regulated mani Juana fore adult 21 and older, Alaika, California, Illinois, manachurette, maine, Michigan, Neveda, and Oregon. The statel economies have preospered, and opponente dire predictions have not materalized. The'd docement focuses on data from the firest two state, since their laws have been in effect the longest. As several states conrdere marijuana legalization initiativer, all eyes are on the initial outcomes of washingtonis marijuana Law. In 2012, washington and coloreado became the 1st two states laus taxing and regulating marijuana Wedner. day will mark the one year annivent any of retail marcituana saled in washington. A new reeport by the Drug policy Alliance breings good news fore the state and the broadere mari Tuana legalization movement by highlighting data on public safety, youth marijuana ull, and the economy before and aftere pallage of 1.502 since adult polenion of marijuana became legal eighteen mon the ago, the state has bene filted freom a dreamatic decreeau in Marijuana arrests and convictions al well as increand tax revenues. During the state has experienced a decrean reates of youth in violent crime rates. In addition Mariruana treaffic fatalities have remained stable. Mare Tuana preohibition has been a cantly failure to individuale, communities, and the entire country say, Taman Todd, Director Drucy policy same period the ull and of Manituana law and policy at the

Alliance A study from Georgia State University, found that alcohol sales fell by 15 t. in states where only medical marcis uana had been legalized and by 20% in counties where recreational marci Juana is sold legally. Howevere the states made more than enough back from marireana sales, since marijuana taxel are typically greeater than alcohol taxes supportered and opponents of such initiatives make numerou claims about state level marciTuana tega- lization. Advocates think legalization reduwee creine, reaurel tax revenue, lower criminal Justice expendia turel, improved public health, boleteres traffic safety and stimulated balltera the economy. Critics argue that legalization splures marijuana and other drug one alcohol we, increlated creime diminisher treaffic safety, harme public health and lowerd teen educational achievements. Systematic evaluation of thell claime, however has been at largely ablent.