The one-time War on Marijuana has come under heavy scrutiny over allegations of reckless exaggerations and outright deceptions.
Perhaps as recently as ten years, and certainly in decades leading up to that, marijuana was utterly taboo. After-school specials were run warning of the nebulous dangers of weed and how smoking even a single joint was a sure ticket to inescapable addiction, which could only end with the foolish, red-eyed victim desperately stealing his motherâs jewelry for cash to satisfy a voracious, evil drug peddler.
The substance was regarded with the moral equivalence of heroin and cocaine, for it was famously called a gateway drug: take a hit of weed, and not only will you become enslaved, but soon harder narcotics will control your fate. You will be miserable. Your family will panic with worry over your health, and your friends will leave you. The only winner in all of this is that evil drug dealer, who knew this would happen so well that he offered you your first joint for free. Heâs laughing all the way to the bank.
How times have changed. In modern American culture, the one-time War on Drugs has come under heavy scrutiny over allegations of reckless exaggerations and outright deceptions, and any ongoing effort to demonize marijuana specifically is typically seen as pure propaganda.
This burgeoning trend away from the âpot is harmfulâ mindset â that was so prevalent in recent times â is reflected in the dayâs legislation. As of the time of this writing, no fewer than 23 states have legalized marijuana in varying ways. That includes places like California, Illinois, and New York (among many others), which allow the use of marijuana for medical purposes, and it includes Alaska, Colorado, Oregon, and Washington, each of which now have laws explicitly permitting the possession of cannabis for recreational use.
These last four states have heralded the boom of the legal pot industry in the United States. Sales of the newly-legal substance were calculated at a serious $2.4 billion in 2014, a 74% increase from 2013âs numbers, with estimates floating the potential for an $11 billion market by 2019.
Of course, the exact rate of the industryâs growth is hard to project with veracity, because it depends so much on what happens politically. The trend is clear, and it seems likely that more states will legalize marijuana as time goes on rather than existing allowances be repealed (which would surely contract the market). But which states will legalize when is by no means clear. Experts on pot legislation (an important occupation, now, since marijuana sales are big business and getting bigger) speculate that by 2020, California, Nevada, Arizona, Maine, Vermont, Massachusetts, Rhode Island, Maryland, Montana, Hawaii, New Hampshire, Connecticut, New Jersey, and Delaware will fully allow recreational marijuana, bringing the total of such states to 18. This would lead to a consistently explosive growth of revenues from cannabis sales â but, of course, the failure of a substantial number of these states to satisfy the prediction, or a glut of unexpected legalizations, could adjust the numbers up or down precipitously.
The sweep to legalize marijuana in the US has had some positive consequences. Notably, in a case similar to the repeal of Prohibition, organized crime is suffering â specifically the Mexican drug cartels that rely on illegal pot sales for a sizable portion of their revenue. The U.S. border patrol has reported that seizures of inbound Mexican marijuana along the border have fallen to ten-year lows because of the collapsing black market. Prices for pot from south of the border have taken a hit, too â one American newspaper quoted a Mexican marijuana farmer as saying, âIf the U.S. continues to legalize pot, theyâll run us into the ground.â
Of course, as the market expands, new challenges emerge. Legalized marijuana is a new business, and that means few (if any) regulations exist upon it. American pot growers have been found using dubious pesticides and other chemicals on their crops to maximize production and sales, leading to concerned distributors and users taking legal action. With the government being practically provoked into action, it could choose to rain regulation over the entire industry like the wrath of God, hopefully safeguarding consumers but almost certainly putting the brakes on business growth.
Marijuana is the single fastest growing industry in the United States today. The trend towards legalization, state by state, is hard to miss, and overall, the future of the market looks bright. But it will have to contend with the challenges faced by virtually all new businesses struggling to find their legs in new territory.
Disclaimer: This article was originally written and published by the editorial staff at Sloan Weekly. We received permission to re-publish this article. For more political content please visit www.sloanweekly.comÂ
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