In this blog post, we will explore the link between the likelihood of marijuana businesses being permitted in a city’s jurisdiction and the level of financial stress being experienced by the city.
The legalization of marijuana by some states certainly has had an effect in the United States, especially when it comes to its medicinal use. Federal legalization of the drug could increase those positive effects as well. While the medical benefits of marijuana legalization are a strong argument, we believe there is an even better but rarely used argument in favor of its legalization. Marijuana legalization would increase border security and limit the power of the Mexican drug cartels.
While the genesis of globalization is commonly debated, there is no doubt that it drastically transformed the international system. This reformation has been the focal discussion point for researchers, scholars, and economists alike; and where there is debate, there is disunity.
In honor of 4/20, we thought it would be appropriate to share some statistics of the effect the War on Drugs has had in the United States. The War began in President Nixon's era and is still being waged today.
Drug cartels, as terrible and inhumane as they are, operate very efficiently and have excellent business models. They understand the supply and demand of the drug markets and how to make the highest profits possible for themselves. They also understand drug laws in the U.S. and how to use them to their advantage.