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News (Media Awareness Project) - US CA: OPED: Legal Marijuana Would Shift Economic Power
Title:US CA: OPED: Legal Marijuana Would Shift Economic Power
Published On:2009-08-12
Source:North County Times (Escondido, CA)
Fetched On:2009-08-15 06:32:04
LEGAL MARIJUANA WOULD SHIFT ECONOMIC POWER

Everyone has a theory as to why our government is opposed to the
legalization of marijuana. The question is not one of morality, but
of economics. True, marijuana has the tax revenue potential to help
solve our current crisis. But those in power now lose control of
their piece of the pie.

When discussing the economic potential of legalizing marijuana we
tend to exclude a huge part of the picture. The plant hemp itself has
more than 10,000 uses.

It is also one of the fastest growing crops on Earth. The market
shift toward products made with hemp would wreak havoc on present-day economy.

The number of symptoms that marijuana can be prescribed for is endless.

Potential customers include every cancer patient, anyone experiencing
anxiety, suffering from depression, sleeplessness, migraines, chronic
pain, even PMS.

That's before one recreational toke.

Medically speaking, the potential market share for medical marijuana
is larger than for any other drug. Show me someone who doesn't have
any of the ailments that marijuana can be prescribed for medically.
Big companies don't want to give up their market share.

Insurance companies who right now don't pay for medical marijuana
will have to start paying a hefty tab. I'm not sure, but insurance
companies probably won't be too enthused to pay for everyone's
marijuana. The insurance and the pharmaceutical companies both have
very powerful lobbies with millions of dollars worth of influence.

The potential market for hemp products cannot be taken lightly. Hemp
and marijuana are very valuable crops. It would drastically change
agriculture in the United States. I doubt that if legal, the United
States has the landmass to satisfy its own demand. Thomas Jefferson
knew the economic power of hemp.

Foreign countries with greater landmass and cheaper labor would
hijack the market becoming instant economic superpowers in the
process. Sure, the United States will see a lot of revenue from the
taxation of marijuana. The sales revenue from hemp will far exceed
it. The government is afraid to let loose this cash cow.

The biggest determinate of quality life is economics. Power concedes
nothing without a demand. By marijuana and hemp being illegal, it has
made a lot of people rich. Legalization would result in such a shift
of economic power that it scares the "Haves."
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