Tagged with "PROHIBITION"
3 LEGAL Ways to Profit from Marijuana Even in Strict Prohibition States Tags: LEGAL WAYS PROFIT MARIJUANA PROHIBITION

With marijuana being legal in more than half the states in the U.S., it seems kind of silly that you're allowed to profit from it in some places while in others you'd face the risk of being imprisoned for a decade or more. It's an undisputed fact that cannabis is the most profitable crop in the country, creating a multi-billion dollar industry that generates more revenue than all the other major crops combined.

Still, even in this age of acceptance, scientific research, openly available information, and equality, many people are still afraid or hesitant to jump in on the green rush simply because their state hasn't yet joined the rest of the educated and reasonable legislators. Luckily, here are four ways you can begin profiting from the marijuana industry, regardless of the state you live in:

    1. 1. Managing Cannabis-related Companies Online

There's nothing illegal about managing a cannabis business remotely, as long as you're not participating in the sale or distribution of cannabis in states where it's illegal. Many cannabis-related companies sell merchandise or accessories that are legal nationwide. Studying for a masters in business administration online taught me that there are many business owners who aren't savvy enough to successfully manage their own companies, so there are always opportunities for an online MBA student to lead a cannabis-related company from any state in the U.S.

    1. 2. Investing in Marijuana Stocks

In recent years, we've seen a major shift in the acceptance of cannabis, leading to the creation of some marijuana-oriented companies that have gone public in the stock market. Some of the top stocks that are either directly or indirectly related to cannabis include GW Pharmaceuticals, Philip Morris, Aurora Cannabis Inc., Cara Therapeutics, and MassRoots Inc.

    1. 3. Writing About Cannabis

As you've probably noticed, there's no shortage of marijuana-related content online, so there's a constant demand for cannabis writers. Furthermore, writing about weed is legal everywhere on Earth, so there's nothing stopping you from profiting on your favorite topic in your free time. In addition, writing about marijuana is a great way to educate yourself about the plant and current events/policies that affect its legality and use worldwide.

    1. 4. Offering Marketing Services to Marijuana Businesses

You can be in Texas helping a marijuana dispensary market its products and services online and there's nothing the local law enforcement can do about it. In fact, you can start a marketing agency that specifically caters to the needs of marijuana businesses and by doing so you position yourself as an expert in the field without ever breaking a single law. Studying for an MBA degree online helped me realize that I can do just about anything from my computer without actually having to operate within the confines of a specific building or set of laws.

    1. Preparing for Nationwide Legality

Ten years from now, all of this might just be a moot point, as it seems it's only a matter of time before the tide turns and the rest of the states come to their senses.

Top Ten Reasons to End Marijuana Prohibition by Taxing and Regulating Marijuana Tags: Top Ten Reasons to End Marijuana Prohibition by Taxing and Regulating Marijuana

1. Prohibition is a complete failure ? marijuana use is mainstream and widespread. When the federal government first effectively prohibited marijuana in 1937, relatively few Americans had even heard of it. Today, according to 2009 U.S.Department of Health and Human Services data, over 100 million Americans admit to having tried it (16.7 million in the last
month), and every year, the Monitoring the Future survey finds that over 80% of high school seniors say marijuana is easy to obtain.

2. Prohibition is an immense waste of public resources, while marijuana taxation would bring in much-needed revenues in these tough economic times. According to 2010 estimates by Harvard University economist Jeffrey Miron, replacing marijuana prohibition with a system of taxation and regulation would yield $20.1 billion in government savings and increased
tax revenues. Another researcher, Jon Gettman, estimates lost tax revenues caused by marijuana?s prohibition at $31 billion.

3. Prohibition sends an incredible number of Americans through the criminal justice system, ruining countless lives.? According to the FBI, since 1995, there have been more than 11.2 million U.S. marijuana arrests, with 858,408 in 2009? significantly more than for all violent crimes combined. 88% of these arrests are for possession ? not manufacture or distribution. According to a study of prisons in four midwestern states, one in ten male inmates will be raped while in prison, and up to 27% of female inmates may be subject to rape and sexual assault.

4. Under prohibition, marijuana offenders are subject to harsh collateral sanctions, even those who are not imprisoned.? Because of a marijuana conviction, offenders may be deemed ineligible to adopt a child, serve as a foster parent, participate in public housing and food assistance programs, earn a professional license, receive student loans or a driver?s license, serve on a jury, possess a firearm, or vote. It is unjust that some marijuana users face these lifelong consequences, while those lucky enough not to be caught can go on to become U.S. governors, presidents, or Supreme Court justices.

5. The arbitrary criminalization of tens of millions of Americans who consume marijuana results in a large-scale lack of respect and rejection of the law. For many of the 104 million Americans who have tried marijuana, it?s illogical and unjust that marijuana use is illegal, while more dangerous substances, such as alcohol, are legal and regulated. The disparity in the treatment of these substances, as well as the economic and racial disparities in prosecution and sentencing, break down societal respect for the law and law enforcement.

6. There is no evidence that imposing criminal penalties on marijuana use reduces its use. The National Research Council found that ?perceived legal risk explains very little in the variance of individual drug use.? In 2008, the World Health Organization found that in the Netherlands, where adults are allowed to purchase and possess small amounts of marijuana, both teen and adult marijuana use is significantly lower than in the U.S., where marijuana is illegal.

7. Prohibition makes control impossible. Producers and sellers of marijuana are completely unregulated. Unlike licensed businesses that sell liquor or tobacco, marijuana sellers operate virtually anywhere and have no incentive not to sell to minors.? Prohibition guarantees that marijuana cannot undergo quality control inspections for purity and potency, creating possible
health hazards as a result of contamination by pesticides, herbicides, fertilizers, molds, fungi, or bacteria, as well as the lacing of marijuana with other drugs or formaldehyde. Under taxation and regulation, producers and sellers would be licensed and zoned accordingly.

8. Marijuana prohibition breeds violence. Currently, the only sellers of marijuana are criminals. As in 1920s Chicago, since disputes cannot be solved lawfully, violence is inevitable. According to a BBC report based on Mexican government data, since 2007, more than 34,000 people have been killed in Mexican drug cartel-related violence. Those purchasing marijuana
illegally also may face muggings and other violence.

9. Prohibition is bad for the environment. Because marijuana cultivation is illegal, unlicensed, and carries felony charges, it often takes place in environmentally damaging locations such as national parks and wilderness areas. Under taxation and regulation, marijuana sales would be relegated to regulated, licensed businesses, which would cultivate in legally zoned areas.

10. Marijuana is safer than alcohol. Unlike legal substances such as water, alcohol, Tylenol, and prescription opiates, marijuana has never caused a single medically documented overdose death in recorded history. Alcohol causes over 300 overdose deaths each year, and in 2007 (the latest year for which data is available), the U.S. Centers for Disease Control reported 23,199 ?alcohol-induced deaths? and no marijuana deaths. The British government?s official scientific body on drug policy concluded that [legally regulated drugs] alcohol and tobacco are ?significantly more harmful than marijuana. ? American law treats alcohol as if it were safer than marijuana, encouraging people to drink.

Top Ten Reasons to End Marijuana Prohibition
by Taxing and Regulating Marijuana
Marijuana Policy Project ? www.mpp.org


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