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Develop and improve products. List of Partners vendors. Your Money. Personal Finance. Your Practice. Popular Courses. Table of Contents Expand. Impact on Tax Revenue. Income and Jobs. Investment Opportunities. Saved Money. Bottom Line. Key Takeaways There has been a growing popular movement in the United States to legalize marijuana for medicinal and recreational uses, with several states adopting such measures already.
One motivation for legalization is the economic benefits that can come from the regulated commercial availability of marijuana. Increased tax revenues, job growth, and investment opportunities all are powerful incentives to push for legalization. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.
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Startups Funding Platforms for Marijuana Startups. Partner Links. If this is their position, then it is logical to believe that the federal government will never allow marijuana use within the military ranks. Legalizing marijuana does not necessarily mean they have to allow service members to use it. There would likely still be a strictly enforced ban given the difficulty in tracking use and the effects that use might have on a service member.
Of course, there is a possibility that medicinal use becomes permissible if studies continue to show positive effects. It will be interesting to see if marijuana use remains an issue for individuals applying for or holding approved access to classified information. While it is unclear if and when the federal government will allow security clearance holders to use recreational marijuana in the future, it is entirely possible that security clearance holders might soon be permitted to be involved in the sale and distribution of marijuana.
There is also a good possibility that prescription medicinal use might be permissible in the not-to-distant future, assuming the applicant clears all Guideline I Psychological Conditions concerns during the application process and beyond. Marijuana might be as effective as and safer than some current prescription medications being used by a security clearance holder.
Maybe money is driving the delay. The federal government is likely searching for a way to profit from the legalization.
Much like cigarettes and arguably-more-dangerous alcohol, the federal government will heavily regulate and tax marijuana when it is eventually legalized. This point alone almost guarantees its legalization. They will use this money for a series of efforts, including drug and alcohol prevention and training. As you might know, the federal government still considers marijuana to be a Schedule 1 highly addictive drug.
Whatever the federal government is considering, Justice Thomas might have given us a brief look into the window of the Supreme Court. While the Supreme Court does not create laws, they will occasionally determine the constitutionality of laws that make it to their court.
It is certainly not a secret that the Supreme Court attempts to avoid difficult and highly controversial topics if they are able to do so. No single person or small body of judges wants to appear to be dictating laws for the nation.
Save money Scarce law enforcement resources will be better used to ensure public safety while reducing corrections and court costs. State and local governments would acquire significant new sources of tax revenue from regulating marijuana sales.
Promote consumer safety Marijuana product testing is becoming a standard requirement for legalized marijuana markets. This means consumers are better informed about the marijuana they use. Marijuana Legalization and Regulation. Marijuana Facts. Related News Press Release. Press Release. The Marijuana Opportunity Reinvestment and Expungement Act would end the federal war on marijuana and right the wrongs of prohibition.
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