Analysis of the Potential Effects of Federal Marijuana Legalization
DOI:
https://doi.org/10.47611/jsrhs.v11i2.3622Keywords:
Marijuana Legalization, Cannabis Legalization, U.S., Federal Marijuana LegalizationAbstract
In recent years, many states in the United States of America have begun legalizing licensed marijuana sales. Due to this trend, federal decriminalization of marijuana bills have been proposed in Congress, sparking conversation about a potential nationwide legalization of cannabis. Currently, because of the pervasiveness of the marijuana black market, legal businesses are facing losses from not being able to compete with illicit sellers. This paper analyzes the political forces behind legalization as well as how legalization would solve the cannabis industry’s market failures in the status quo.
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