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Biomedical Ethics (PHIL 3340) Legalization of Marijuana Paper

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Sandra Watson
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Western Michigan University

Biomedical Ethics (PHIL 3340)

Legalization of Marijuana
One of the most controversial, social, and legal issues in United States today is the
legalization of marijuana. Just like with every issue, there are pros and cons that come along
with it. I believe that the benefits of legalizing marijuana outweigh the negatives that are
associated with it. This paper will focus on some of those benefits, which include, the
economic, social, and medical standpoints. Taking into consideration the negatives that
correspond to each topic.
Marijuana is estimated to have a market of about $30 billion, which is an astronomical
business opportunity for the United States. If marijuana were to be legalized, and levied just
like tobacco or alcohol, it would bring about important economic benefits. Each state could
regulate their own taxes, and spend the earnings in other places where money is limited, like
education. For example, Washington and Colorado have taken the steps necessary to legalize
recreational use of marijuana, because of this, both of the states are estimated to profit $310
million and $100 million, respectively. Keeping in mind, this does not take into account how
much money each state would save from the reduction of drug enforcement agencies. A
counter-argument to this would be that, even though legalizing marijuana would bring in a
great deal of money, people fail to take into account the increase of health care costs and drug
recovery. This, in itself, could cost America millions of dollars. Some people expect the total
profit will break even with the spending to combat the negative effects marijuana might have
on individuals. However, there is so much money to be made, that is assumption is not
practical.

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Biomedical Ethics (PHIL 3340) Legalization of Marijuana Paper

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