Countable Kush Research Paper

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Countable Kush: The Economic Effect of Legalized Marijuana The Economic Effect of Legalized Marijuana In today’s popular culture, having a smoke is a part of everyday life. Incorporated into songs, movies, and television shows, it’s become a normal figure in today’s society. Some may see this act just as normal as coming home and having a beer after a long day’s work. Although illegal, it is one of the most common used drugs in America. Some federal statistics state over 91 million Americans have experimented with marijuana before (Krulick, 2013). The use of marijuana, also known as cannabis or reefer, has become a characteristic of today’s world. It is not only used to enjoy the physical affects, but also used as a treatment method for…show more content…
The Marijuana Tax Act of 1937 was the first type of regulation on marijuana. This act would require “registration and reporting requirements and a tax on the growers, sellers, and buyers of marijuana” (Pros and Cons of Controversial Issues, 2013). Once there was a negative spotlight on marijuana, the major of New York, at this time, wanted to do a study about the drug. In the 1944 report called “The Marihuana Problem in the City of New York”, drew the conclusion that most of the dangers being communicated to the public were false and over exaggerated (Pros and Cons of Controversial Issues, 2013). Although known as the “gateway drug”, the report stated that marijuana use did not lead to the possible addiction of other hardcore drugs such as heroin or cocaine. Even though this report and others like it, brought forth non damaging conclusions regarding this controversial drug, the process to make this drug illegal continued to roll on. The Narcotics Control Act of 1956, Conventions on Narcotic Drugs, and the creation of the Bureau of Narcotics and Dangerous Drugs helped keep prohibition of marijuana at the forefront of the political system. President Nixon’s term was full of “War on Drugs” anthems that were designed to help the growing epidemic in the country. The President appeared on television shows and radio broadcasts to push his pledge against drugs. “In 1970,…show more content…
He introduced the idea that “…fiscal policy can be used to maintain a high level of output and employment” (Gwartney, Stroup, Sobel, & Macpherson, 2015, 216). Keynes (Gwartney, Stroup, Sobel, & Macpherson, 2015), indicated that businesses will produce only the quantity of goods and services that they believe consumers, investors or foreigners, will buy. After being adopted into the mainstream of economics, the followers of this concept began calling themselves Keynesians. These economists believed in offsetting the fluctuations in aggregate demand. The ups and downs, or fluctuations, occur during recessions or depressions. Keynes grand concept was encouraged by the failing economy during The Great Depression. Keynesians believe that “…fluctuations in aggregate demand are the major source of economic disturbances. Moreover, wise use of fiscal policy can help stabilize and maintain demand…” (Gwartney, Stroup, Sobel, & Macpherson, 2015,
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