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The Economics of Pot

Updated on September 10, 2011



Pot otherwise known as Marijuana, is derived from the Hemp plant. In my hub

I tell of the thousands of uses for Hemp. I also say of why, in my opinion, it was made illegal.

Smoking Pot is not particularly harmful, certainly not as harmful as excessive use of alcohol or tobacco and can in some cases even have medicinal value, which cannot be said for cigarettes or booze.

Yet, cigarettes and alcohol are legal, whilst Pot is not.

Millions of Americans ignore the fact that it is illegal and smoke pot anyway.

The producers and sellers of pot do not pay tax, as what they are doing is illegal and they cannot mention it.


Legalize Pot

If pot was legalized, producers of the product, distributors and sellers would all have to declare their business and pay taxes accordingly.

Tax could also be put on the product itself.

These steps would create legal jobs and revenues in the millions of dollars.

Not only that, but law enforcement agencies could divert badly needed resources to averting more dangerous activities.

Courts and correctional centers could be less congested. When you consider that it costs more to house and feed an inmate for one day than it does a soldier, better value can be made of the tax dollar.

Limitations have already been put in place for where a person may smoke a cigarette. Similar limitations could be set for the use of pot.

Some say that smoking pot can lead to taking stronger drugs. That can also be said though, for cigarettes, alcohol, sleeping tablets, paint sniffing, prescription and non prescription medications.

Money Talks


There is clearly here an opportunity for the creation of jobs and for the much needed increase in government revenues.

America has reached a low point in its economic history. It is time it looked to history and considered the facts.

Did the abolishing of Prohibition lead to more or less violent crimes?

Is it the big money of the Tobacco and Alcohol lobbyists that stop politicians from acting?

Whilst I am certain that the legalizing of pot would reduce sales of cigarettes and alcohol, wouldn’t the reduction of the intake of these products also lead to a reduced strain on the health services?

There is no magic wand that will solve America’s problems overnight but many steps like legalizing pot can help.

It is past time that politicians decided who was running the country, them or lobbyists, and who they are running it for, the few or the many.

There will always be party politics delaying progress, but that is better than rampant progression in the wrong direction that is often the case with dictatorships.

Special interest groups should always be listened to and weight given to their concerns. However that weight should always be balanced with the common good. Too much weight in one direction, leads to a dictatorship by the multi nationals in a guise of democracy, causing progress to be a mere illusion.


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    • profile image

      geordmc 6 years ago from Beliot, Wisconsin

      Weed does have medicinal uses,It doesn't kill pain it merely makes it bearable.I.e.- "Okay, I hurt but I really don't care. It's not that big of a deal." It's just an attitude adjuster. SusieQ42, Did you also smoke tobacco during your pregnancy? Drink Alcohol? Maybe stressed out? All these things can have bad effects as well.

      What most people forget to state about pot is just how many uses this one plant has. At last count there are over 22,000 (Yes, TWENTY-TWO THOUSAND) legitimate and legal uses! Let's start with Bio-fuels, textiles, paper, plastics. How many people could be back to work in these 4 industries alone if it were made legal?

      The problem is the Bluenosed Moral Leaders don't want anyone to have a good time or jobs just so they can say it is the "Devil's plant" to scare people into their way of poor thinking. "God" put this plant here for a reason, and I don't think it was for them to criticize or control.

      Unfortunately, most politicians agree with this group of idiots, so we do not have much of a chance that it will be legalized until people get it right.

    • Credence2 profile image

      Credence2 6 years ago from Florida (Space Coast)

      I generally agree with the idea of legalization much for the reasons that you state. Those that are opposed have to explain why alcohol and tobacco are acceptable vices within the same society. Pot should be treated like alcohol in its legal standing and use.Nice article, Cred2

    • profile image

      PenMePretty 6 years ago from Franklin

      Useful and interesting, I voted.

    • profile image

      Texasbeta 6 years ago

      I am not sure what kind of weed you have, but I have never seen weed that eliminates major pain. It mildly helps, mildly...more than some other things, but "they can't feel pain?" You must have a really good source that you know who has the world's greatest green thumb.

    • Pamela99 profile image

      Pamela Oglesby 6 years ago from United States

      Your hub is very interesting and makes some valid points. I do think medical marijuana has been proven useful for several diseases. I know of people who abuse pot and seem to lose there desire to achieve any goals while others use it occasionally to relax and it doesn't see to affect their lives in an adverse way.

    • profile image

      SusieQ42 6 years ago

      I agree, and yet I don't. I was a heavy pot smoker in the 70's and was depressed most of the time. I blame that on smoking from morning to night every day. I also was sick a lot. I also lost a baby at 6 months pregnant and blame pot on that too. (I also knew of several other women who had miscarriages!) Colorado has legalized it for medical uses; there are several medical marijuana "pharmacies" in Denver. I'm not sure how I feel about that either. It is used primarily for those in extreme pain. Of course they don't feel pain, they are STONED!!!