Public Policy and Marijuana

Public Policy and Marijuana

This research project is an examination of the current public policy concerning marijuana from an economic standpoint. Moral or ethical issues concerning marijuana are not examined. This project only answers the question “Is the current public policy for marijuana good for our economy or should the current policies be discarded and altered?”. Within this project three areas concerning the public policy of marijuana are discussed. First, the health aspects of marijuana are discussed. Economic principles and concepts relating to marijuana are then examined. Lastly, the current public policy is analyzed against the proposed new public policy for marijuana. This research project found that the current public policy is having adverse effects on our economy. Therefore, the researchers support a change in the public policy concerning marijuana due to the proposed decrease in costs and increase in revenues.