States across the U.S. are legalizing marijuana for both medical and recreational use. It follows and perhaps also predicts a trend around the world, which begins to acknowledge the legitimate uses for and relatively low recreational risk of marijuana. Similarly, if you do a quick web search of “medical marijuana Canada,” you’ll see that marijuana can be prescribed in Canada (although recreational use is still prohibited). Justin Trudeau, the prime minister of Canada, has even committed to legalizing marijuana for personal use as well, although that promise has not yet been realized.
Although many politicians may feel pressured by their supporters to either support or oppose the legalization of marijuana, there are some solid economic reasons for legalizing the drug. Moral issues aside, legalizing weed is good for the financial health of states and countries. Here are a few reasons why.
Saving on prison and enforcement costs