The economic impacts of marijuana legalization

The economic impacts of marijuana legalization: The journal of global drug policy and practice,


Legalized marijuana: Colorado kids are paying the price


The Price of Cannabis: An analysis of how decriminalization and Federal enforcement
affect the price of marijuana
“In mid-2011, two separate events occurred that disrupted the market equilibrium in the
price of marijuana. In California, Federal agents began a crackdown on medical marijuana
dispensaries that lasted the course of approximately one year. In Connecticut, the state voted to
decriminalize small-scale possession of marijuana for personal use. This paper measures the
significance of these disruptions on the price of marijuana, applying traditional estimation
techniques to a large crowd-sourced database of end user-supplied marijuana transactions. It
finds that decriminalization of marijuana lowers the price at which it is sold in the black market.
In addition, it finds that efforts to curb supply through the elimination of medical marijuana
dispensaries have no meaningful impact on the equilibrium price in the market, regardless of
whether users purchase the product in medical shops or from black market sources”


Understanding The Impact Of Legalized Recreational Marijuana On State Tax Revenue


Would Marijuana Legalization Increase the Demand for Marijuana?


Should Governments Legalize and Tax Marijuana?


Cannabis: The Evil Weed



British drugs survey 2014: drug use is rising in the UK – but we’re not addicted

We Need to Talk About London’s Club Drug Problem

Time Out London Drugs Survey 2013


The Culture High (2014)
The Culture High Official Trailer (2014) – Marijuana Documentary HD

The Culture High 2014 || Documentary 1080p full HD || Documentary films 2015



“Popular drugs[edit]

In a 2011 survey of experts, 19 common recreational drugs were ranked according to their personal and social harms.[14]

The Drinkers by Jean Béraud, c. 1908
The following substances, all widely illegal unless stated otherwise, are here listed by order of world-wide popularity:[15]

alcohol: Most drinking alcohol is ethanol, CH
2OH, produced by the fermentation of sugars by yeasts to create wine, beer, and distilled liquor. In most areas of the world it is legal for those over a certain age (typically 18–21). It is an IARC ‘Group 1’ carcinogen and a teratogen.[16]
amphetamines: Prescribed for ADHD, narcolepsy, depression and weight loss. A potent central nervous system stimulant, in the 1940s and 50s methamphetamine was used by Axis and Allied troops in World War II, and, later on, other armies, and by Japanese factory workers. It increases muscle strength and fatigue resistance and improves reaction time.[17] Unlike amphetamine, methamphetamine is neurotoxic, damaging dopamine neurons.[18] As a result of this brain damage, chronic use can lead to post acute withdrawal syndrome.[19]
amyl nitrite” a vasodilator (legal)[15]
cannabis: Its common forms include marijuana and hashish, which are smoked or eaten. It contains at least 85 cannabinoids. The primary psychoactive component is THC, which mimics the neurotransmitter anandamide, named after the Hindu ananda, “joy, bliss, delight.” The review article Campbell & Gowran (2007) states that “manipulation of the cannabinoid system offers the potential to upregulate neuroprotective mechanisms while dampening neuroinflammation. Whether these properties will be beneficial in the treatment of Alzheimer’s disease in the future is an exciting topic that undoubtedly warrants further investigation.”
caffeine: A legal drug, often from coffee, tea, energy drinks, some soft drinks, and chocolate.
cocaine: It is available as a powder, which is insufflated or injected. A popular derivative, crack cocaine is typically smoked. When transformed into its freebase form, crack, the cocaine vapour may be inhaled directly. This is thought to increase bioavailability, but has also been found to be toxic, due to the production of methylecgonidine during pyrolysis.[20][21][22]
MDMA: Commonly known as “Ecstasy”, it is a common club drug in the rave scene.
ketamine: used by paramedics in emergency situations for its dissociative and analgesic qualities and illegally in the club drug scene
LSD: A popular ergoline derivative, that was first synthesized in 1938 by Hofmann. However, he failed to notice its psychedelic potential until 1943.[23] In the 1950s, it was used in psychological therapy, and, covertly, by the CIA in Project MKULTRA, in which the drug was administered to unwitting US and Canadian citizens. It played a central role in 1960s ‘counter-culture’, and was banned in October 1968 by US President Lyndon B Johnson.[24][25]
“mystery white powders”: (street drug labelling and composition can be unclear)
nitrous oxide: legally used by dentists as an anxiolytic and anaesthetic, it is also used recreationally by users who obtain it from whipped cream canisters (see inhalant).
opiates and opioids: Available by prescription.
psilocybin mushrooms: Until 1963, when it was chemically analysed by Albert Hofmann, it was completely unknown to modern science that psilocybe semilanceata (“Liberty Cap”, common throughout Europe) contains psilocybin, a hallucinogen previously identified only in species native to Mexico, Asia, and North America.[26]
tobacco: Nicotiana tabacum. A legal drug contained in tobacco leaves, which are either smoked, chewed or snuffed. It contains nicotine, which crosses the blood–brain barrier in 10–20 seconds. It mimics the action of the neurotransmitter acetylcholine at nicotinic acetylcholine receptors in the brain and the neuromuscular junction. The neuronal forms of the receptor are present both post-synaptically (involved in classical neurotransmission) and pre-synaptically, where they can influence the release of multiple neurotransmitters.[27]
tranquilizers: barbiturates, benzodiazepines (commonly prescribed for anxiety; known to cause dementia and post acute withdrawal syndrome)
Other well known substances:

Bath salts: Mephedrone/Methylenedioxypyrovalerone (MDPV)
DMT – primary ingredient in ayahuasca, can also be smoked in a crack pipe; briefly (c. 30 minutes) causes a “total loss of connection to external reality”[28]
Peyote: Contains mescaline, native to southwestern Texas and Mexico
salvia divinorum: hallucinogenic Mexican herb in the mint family; not considered recreational, most likely due to the nature of the hallucinations (legal)
Synthetic cannabis: Spice, K2, JWH-018, AM-2201
research chemicals: 2C variants, etc.”,_NA_free_means).svg



cannabis videos and documentaries

House of Commons: Legalisation of Cannabis in the UK (March 2016)

Cannabis The Evil Weed BBC Horizon 2009

Drugs Live: Cannabis on Trial – Trailer

5 Differences Between CBD and THC

The Overtaken Documentary (New)

Drugs The Complete History of Illegal Drugs Full Documentary


Public choice or public choice theory
“Public choice or public choice theory refers to “the use of economic tools to deal with traditional problems of political science”.[1] Its content includes the study of political behavior. In political science, it is the subset of positive political theory that studies self-interested agents (voters, politicians, bureaucrats) and their interactions, which can be represented in a number of ways – using (for example) standard constrained utility maximization, game theory, or decision theory.[1] Public-choice analysis has roots in positive analysis (“what is”) but is often used[by whom?] for normative purposes (“what ought to be”) in order to identify a problem or to suggest improvements to constitutional rules (i.e., constitutional economics).”