Reclassification

[braves121]

Today it was announced Marijuana is going to be rescheduled and no longer be classified as a schedule 1 drug that tiers it with drugs such as heroine and meth. With this reclassification it would seem to stand that many states might be more open to legalization and the money faucet that comes with it. With the state of the economy it seems like it could be a potential for a boom 

[ionel]

17 hours ago, braves121 said:

Today it was announced Marijuana is going to be rescheduled and no longer be classified as a schedule 1 drug that tiers it with drugs such as heroine and meth. With this reclassification it would seem to stand that many states might be more open to legalization and the money faucet that comes with it. With the state of the economy it seems like it could be a potential for a boom 

Boom for who what?

[braves121]

23 minutes ago, ionel said:

Boom for who what?

Economic boom. States that legalized marijuana saw huge increases in tax revenue and a lot of wealth created that benefits both private business and the government.

[ionel]

3 minutes ago, braves121 said:

Economic boom. States that legalized marijuana saw huge increases in tax revenue and a lot of wealth created that benefits both private business and the government.

Increase in tax revenue offset by increase in other costs.  Just like how casinos & lottery were going to fund education. 

[braves121]

7 minutes ago, ionel said:

Increase in tax revenue offset by increase in other costs.  Just like how casinos & lottery were going to fund education. 

What costs are going to increase as a result of collecting tax on marijuana? Anyways this allows Americans more personal freedom and puts more money into to the economy which is a good thing. In 2023 alone Arizona collected $97 million in Marijuana tax revenue I would say that’s pretty beneficial to the state

Edited May 1 by braves121

[Bigbrog]

I'm not sure I buy the "boom in state economy" thing, however, while I personally do not imbibe in the whacky tabacy I don't understand it being illegal, especially in its current form (gummies, candies, etc.) considering it appears to be no worse, and maybe safer, then alcohol.  

[WrestlingRasta]

21 minutes ago, ionel said:

Increase in tax revenue offset by increase in other costs.  Just like how casinos & lottery were going to fund education. 

64 billion dollars in lottery money has went to education.

[WrestlingRasta]

5 minutes ago, Bigbrog said:

I'm not sure I buy the "boom in state economy" thing, 

It's pretty easy to research, doesn't take much...

[Offthemat]

Why?

https://www.politico.com/news/2023/03/21/illicit-cannabis-china-00086125

[ionel]

22 minutes ago, braves121 said:

What costs are going to increase as a result of collecting tax on marijuana? 

Medical, police, ... 

[Bigbrog]

Just now, WrestlingRasta said:

It's pretty easy to research, doesn't take much...

I have looked into this...I use to travel to Denver 3-4 times/year for work.  While it can be said A LOT of money is available via taxes, it is pretty hard to actually find the true benefit of the money influx in terms of how it is or plans to be used...this is not only from what I have looked into but from pretty much every single person who lives out there's experience that I worked with.

Again, I am all for the legalization and the potential for increased tax revenue, I just would like to know where and how the money is going to spent, and then actually see that happen.

[braves121]

1 minute ago, ionel said:

Medical, police, ... 

why would medical costs increase? People would actually be less likely to use pharmaceuticals and use medical services with the access to marijuana. Why would police costs go up? Is it all the dangerous weed smokers?

[Bigbrog]

1 minute ago, ionel said:

Medical, police, ... 

Don't you think these may go down?  There isn't a lot of evidence that marijuana use causes a ton of health issues...especially when compared to let's say alcohol.  

[ionel]

9 minutes ago, WrestlingRasta said:

It's pretty easy to research, doesn't take much...

Lottery is a tax on the poor.

The average adult living in the poorest 1% of zip codes spends almost 5% (or $600 annually) of their income on lottery tickets, per the analysis.

[Le duke]

I'm not sure I buy the "boom in state economy" thing, however, while I personally do not imbibe in the whacky tabacy I don't understand it being illegal, especially in its current form (gummies, candies, etc.) considering it appears to be no worse, and maybe safer, then alcohol.  

That’s always been my thought on it.

Most people who smoke weed are watching funny movies and supporting Frito-Lay corporation. While there is a possibility of someone smoking and driving, it just doesn’t happen all that often. Most of them have a routine, and it doesn’t involve going anywhere, at all.

Alcohol? My next door neighbor was a manager of a large supermarket. Regularly saw drunk people walking in to the liquor store next to his store. People who drove there.


Sent from my iPhone using Tapatalk

[WrestlingRasta]

1 hour ago, ionel said:

Lottery is a tax on the poor.

The average adult living in the poorest 1% of zip codes spends almost 5% (or $600 annually) of their income on lottery tickets, per the analysis.

We're all into people being accountable for their decisions and actions......right?

[braves121]

1 hour ago, ionel said:

Lottery is a tax on the poor.

The average adult living in the poorest 1% of zip codes spends almost 5% (or $600 annually) of their income on lottery tickets, per the analysis.

This is personal  and financial accountability. The right is very big on that. No one is forcing people to buy lottery tickets. 

Edited May 1 by braves121

[ionel]

2 minutes ago, WrestlingRasta said:

We're all into people being accountable for their decisions and actions......right?

 

1 minute ago, braves121 said:

This is personal accountability. The right is very big on that. No one is forcing people to buy lottery tickets 

Right ... but just think how we could improve education if all donated directly instead of wasting money on the lottery.  

[braves121]

1 minute ago, ionel said:

 

Right ... but just think how we could improve education if all donated directly instead of wasting money on the lottery.  

So your fix is to expect everyone to donate their income towards education? People already try their hardest to pay the least amount of taxes as it is but you expect everyone to pony up voluntarily instead? I mean we are already seeing the issues with this with ESA vouchers in Texas and Arizona. People are taking away money from education, “home schooling” their kids, and use the tax money a school would have received to buy god knows what but we have seen many people abuse it by buying personal items 

[Bigbrog]

So about that marijuana legalization.....

[red viking]

Quote

 

About time. It's a frickin' plant. 

[WrestlingRasta]

8 minutes ago, ionel said:

 

Right ... but just think how we could improve education if all donated directly instead of wasting money on the lottery.  

Agreed, its not a tax on the poor, it's personal decision making.

[WrestlingRasta]

5 minutes ago, Bigbrog said:

So about that marijuana legalization.....

It needs to happen.  And I know ya'll know I appreciate my ganja, but it's need to happen has nothing to do with recreational purposes, and everything to do with it being more accessible to the people that truly need it.   It goes a lot deeper than just being able to buy it.   When a doctor tells a patient the best thing to do for themselves is cannabis, it needs to be covered by insurance just like the highly addictive and destructive narcotics that have been robbing people of a good life, if not killing them, for decades.   People shouldn't have to spend $1000 a month cash to give a sick loved one the only medicine that really helps them.....

[ionel]

16 minutes ago, Bigbrog said:

So about that marijuana legalization.....

 

11 minutes ago, WrestlingRasta said:

Agreed, its not a tax on the poor, it's personal decision making.

Same thing, its too bad folks don't spend their money in a better way, it increases the cost to society but a free choice.  

[JimmyBT]

8 hours ago, WrestlingRasta said:

64 billion dollars in lottery money has went to education.

Has went?   Education huh?