Economic Benefits Of Legalizing Marijuana

With the current US national debt exceeding $15 trillion and budget deficits that are increasing the debt total to the tune of over $1 trillion per year, does it make sense for the US Government to continue to spend money fighting against the use of a harmless drug, like marijuana? Would there be economic benefits to legalizing marijuana when anyone can easily buy weed online? There most certainly would be economic benefits. The benefits wouldn’t balance our budget or pay off our national debt, but they would make a considerable impact to the tune of tens of billions of dollars each year, which is a huge step in the right direction.

Cost Savings

According to statistics from the Cato Institute, expenditures for the war on drugs in 2010 exceeded $41 billion dollars between federal, state, and local authorities. Of that amount, roughly $8.7 billion can be attributed directly to marijuana. So, legalizing marijuana would immediately save us $8.7 billion dollars a year enforcing existing laws. But, that’s just the beginning.

In 2009, over 850,000 people were arrested for marijuana violations, nearly 90% of those were just simple possession charges. In other words, these people aren’t drug dealers or members of organized crime. They’re harmless marijuana users. Each one of those arrests requires processing, prosecuting, and in many cases, incarceration. All of those items are costly drains of government resources.

More than 5,000 people are incarcerated each year on marijuana-related charges, most of which are non-violent offenders. According to the State of California, it costs more than $47,000 per year to incarcerate just 1 person. That’s nearly $250 million dollars a year to keep low-level, non-violent offenders in prison. Not to mention that our prison system is currently exceeding its capacity and violent, dangerous criminals are being released early to make room for new inmates. Is this a really good use of our resources? I’d much rather have a marijuana user living in my neighborhood than a convicted rapist.

Tax Revenue and Economic Growth

Based upon current estimates of marijuana use, if it were legal and taxed at a similar rate to tobacco and alcohol, marijuana would generate $8.7 billion dollars in annual tax revenue. In addition to the direct taxation of marijuana, our economy could benefit from allowing domestic growers to produce and sell marijuana. It’s estimated that between $1.5 billion and $2 billion dollars worth of Mexican-grown marijuana is smuggled into the US each year. That money could be taken out of the hands of the Mexican drug cartels and given to American farmers. There is also a growing market for the wide range of products made from hemp in the US. These markets could easily exceed another $600 million dollars annually.

The Bottom Line

The total dollar improvement to our economy we could see by legalizing marijuana easily exceeds $20 billion dollars per year. When you include the other societal benefits, such as putting illegal, foreign producers and sellers of marijuana out of business and allowing regulation and control, it’s a win-win. Clearly, the legalization of marijuana is still a cause that most politicians don’t have the intestinal fortitude to champion. There is also a tremendous amount of misinformation in the general public regarding the dangers of marijuana use that make it a more difficult sell. However, if we could look at the subject objectively and make a rational decision about it, legalizing marijuana use could greatly help our economy.

Guide To Best Collagen Product -Here Is How One Can Discover Phenomenal Results

Collagen is a top supplement ruling the world of beauty and wellness as of now. The industry of cosmetics and wellness both are experiencing a rise in products that contain collagen. The main reason behind the popularity is the collagen property to eradicate wrinkles and fine lines and giving you the perfect glow for plump skin. 

The What’s and How’s of Collagen 

Collagen is a primary fibrous protein that provides strength and firmness to our skin, bones, muscles, and tendons. This is the most exciting element in these recent years because it can be considered as a building block in our bodies to prevent sagging and acquiring smooth skin. 

The various collagen supplements available in the market come in many different forms like powders, gels, liquids, and capsules. One can consume it after mixing it with literally anything like coffee, smoothies, and other drinks. When one consumes collagen supplements with food or any drink, it is converted into individual amino acids. Then it starts its work of repairing and rebuilding. 

With the lights being shed on the phenomenal benefits, many firms are trying to capitalize on its growing buzz. But before incorporating any supplements in your diet, one should consider few things. 

  • Third-party testing –

Check the certifications first and then buy the product approved by credible groups. 

  • Appropriate ingredients-

Pick the product with premium quality ingredients but not many. A short ingredient list is preferred. Scan labels for diverse amino acid ingredients and 19 amino acids should be present in the supplement. 

  • Artificial flavors, filler, colors-

Consuming natural collagen is considered a prime factor in seeing phenomenal outcomes. So, choose the product with no added colors, flavors, and fillers. 

One should consult a doctor to consult dosage and the number of servings one can take per day. 

Proactive Leaders: Top Skills That One Should Go Through!

Everyone wants to become a proactive leader but do you know that there are numerous things that one needs to keep in mind when they want to become a proactive leader? Yes, you read it right; there are so many concepts that you should keep in mind, and only then will you be able to make decisions for the betterment of your organization.

Before you start your journey towards proactive leadership, it is essential that you become a community leader and start serving the community around you. It is not like you will have to serve your community only or based on the caste religion. No! you will have to work in favor of the people who live with you and also earn with you.

Features of a proactive leader

So once you are happily working with the community, you are one step closer to the proactive leaders, and now it is time that you see some of the features of proactive leaders mentioned below and then started working on them:-

  1. They listen really, very well: The proactive leaders do not focus on speaking much without any reason. They actually work on the motive that they will have to listen to the things very carefully not only from your seniors but also from the people who work below you and also work in your favor.
  2. Need to stay organized: Your personality also speaks for you! When you are on your path to becoming the proactive leader for your subordinates, it is essential that you stay organized; you will have to work systematically and should also work on the way you dress up.
  3. Improve the problem-solving skills: You are the leader, and people who are working under your guidance will ask you various questions and will raise issues in front of you. It is your duty that you find a solution to all those issues, and only then you will be able to become a proactive leader.