Through the selling of Cannabis, the federal government has been able to continually get high taxes from the dealers because the legal access of Cannabis is not granted to any of the citizens in America. To some extent, the government may be intentionally delaying the cannabis legalization updates for North America because in case the Cannabis is legalized, the taxes will be meager. Of less beneficial to the economy, if rejected, it will be almost impossible to access the charges to the dealers. Still, if the things remain the way they are, American will always be able to access the tax benefits, accruing to the tax code 280E, which have been in operation for more than three decades ago. Citizens are confused because they are not sure whether to accept the legalization rule or reject it. This is because of the past and current research, some of which are positive and helpful, especially in the health sectors. In general, if the Cannabis were to be legalized, it would major in the medical areas to help the patients who need reducing severe pains, with eating and sleeping problems, among others. The use of Cannabis is very uncontrollable because, in the case of legalization and may be restricted in the medical areas, other people who may be in need of misusing its usage will have easy access, which may lead to further complications. It is not easy to know when the person is under the influence of Cannabis because the results after using are influenced by a component known as tetrahydrocannabinol (THC) which stays in the person system for more than three days, hence making it very difficult to determine whether one is under the influence or not. The following are the reasons why Cannabis legalization updates in North America should be positive;
Impact on tax revenue- legalization of Cannabis can lead to a considerable increment in the tax revenues paid to the federal government. In other countries such as Washington and Colorado have been able to make massive sales in the Cannabis sector, which have been increasing over the years.
Increment in jobs and income- if Cannabis is legalized, it would accommodate a vast number of employees hence improving the living standards of many citizens in North America. Through the massive sales, both dealers and the government would benefit due to increased income. All that is required is to have patience until the industry has matured well, which may be facilitated by excellent infrastructures, which may also stabilize even the economy.
Exposure to investment opportunity- through the increased sales of Cannabis, the citizens may also come across too many other investment opportunities which would work towards the stabilization of the economy. Even in majoring with sales of Cannabis as a form of investment, it would lead to economic growth due to the profits generated from the sales.
Positive updates from the Cannabis legalization may lead to saving of enormous money, which is uniquely assigned to the enforcement sectors click here for dispensary