Medical Marijuana

Paper Summary:

This paper discusses the general advantages of using marijuana for medical purposes. It reviews many case studies and literature on this topic which advocate the use of this natural drug. The author carries on to explore the economic and social pluses legalization would bring to society.

From the Paper:

"Economically, the prohibition on marijuana makes no sense. A group of economists, including Harvard's Jeffrey Miron and Nobel Prize-winning Dr. Milton Friedman recently petitioned President Bush to change the legal status of marijuana for financial reasons. According to the economists, prohibition is costly as well as dangerous. Their study showed that "Revenue from taxation of marijuana sales would range from $2.4 billion per year if marijuana were taxed like ordinary consumer goods to $6.2 billion if it were taxed like alcohol or tobacco," (Miron 2005). Legalizing marijuana would also save the government as much as $7.7 billion in prohibition enforcement at federal, state, and local levels (Miron 2005)."

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