Legalizing Marijuana: The Business

Slides:

Advertisements

Similar presentations

Introduction to Advertising & TV Commercials. A Game of Numbers How many times will the average American be exposed to some form of TV advertisement by.

Advertisements

State Budgets & The Economy Presentation to the National Association of State Auditors, Comptrollers and Treasurers Tony Hutchison, Director Oklahoma Office.

County of Orange 1 Current Economy  Recession Officially Ended in June 2009  Slow Growth Projected  Few Signs of “Double Dip”  Primary County Impacts.

The Economic and Community Impact of the University of Washington (FY14) Research and analysis completed by:

The School Finance Outlook for and Beyond Legislative Revenue Office April 2010.

CORPORATE / INDIVIDUAL INCOME TAX BALLOT MEASURES ELECTION DATE: JANUARY 26, 2010 LEGISLATIVE REVENUE PACKAGE ‘FLASH CARD’ FACTS.

Chapter 5: Economics of Crime. Underground Economy G.D.P. does not include the value of illegal goods & services because they are not supposed to be produced.

United States Agriculture AGST 3000 Agriculture, Society and the Natural World.

TOBACCO TAXES Local Taxes in Alaska. Looking at the Bigger Picture A Public Health Perspective  Tobacco Taxes are an “Access” issue  What are some other.

Jacob Schoneman Background Info First made illegal in 1937 with the Marijuana Stamp Act. In 1970 the government enacted the Controlled Substance Act.

Measures 66 and 67 FACTS: HOW THESE MEASURES EFFECT OREGONIANS AND K-12 EDUCATION.

 You pay a premium into an insurance pool. In the event that you are sick or injured, the insurance policy pays all or part of your medical expenses.

Regulation and Taxation of Marijuana The Pros and Cons Robert Vonslomski Kris Santigo Manuela Bensberg Douglas Mata Brett Straub Devin Serrato Mona Berning.

CRITICAL READING 101 PHYLLIS SALSEDO DECEMBER 13 TH, 2012 BY: EMILY MYRICK Should Marijuana be legalized for recreational use?

Derek Leong. The debate has been around for a very long time and it seems that it has only just begun. The topic of debate is brought up a lot through.

THE LEGALIZATION OF MARIJUANA Matt Hoffman Austin Heimark Stetson Miller.

Cannabis Policy in the US: What now? Kevin A. Sabet, Ph.D. Co-Founder, Project SAM (Smart Approaches to Marijuana) Asst. Professor, UF College of Medicine.

Amendment 64.  The 15 percent wholesale excise tax created by the amendment will not reach the goal of $40 Million for school construction as stipulated.

Medical Marijuana: A Brief History Medical Marijuana first legalized On November 5, 1996 California became first state ever to legalize medical marijuana.

HOW THE ECONOMY WOULD BENEFIT FROM GIVING LEGAL STATUS AND CITIZENSHIP TO THE UNDOCUMENTED IMMIGRANT POPULATION IN THE UNITED STATES The Benefits of Legalization.

June 2015 Urgent Care Medical Office EB-5 Investment Project C alifornia P acific R egional C enter.

North Carolina Boards NORTH CAROLINA ASSOCIATION OF ABC BOARDS It is the mission of the North Carolina Association of ABC Boards to (a) strive to.

Chapter 2 The Marketing Plan

American Free Enterprise

Chapter 23.2 Measuring the Economy. Measuring Growth ► When the economy grows, businesses are producing more goods and services, and they hire more workers.

SS8H8a Describe the impact of the boll weevil and drought on Georgia.

2/7/12 Period 4 Shawn Chartin, Heaven Carter.  Every day drugs are shipped into America illegally.  They are brought in by boats, planes, and car. 

Health Care Reform in America Facing Up:. President Obama and Healthcare Reform “Health care reform is no longer just a moral imperative, it’s a fiscal.

Economics of Tobacco Use and Help-Seeking Behavior Bishwa Adhikari, Ph.D., Economist Office on Smoking and Health Centers for Disease Control and Prevention.

The Current Fiscal Crisis and State Budgets Jeffrey H. Dorfman The University of Georgia October 7, 2008.

Marketing 1.05 MIM Three types of information used in marketing decision making Customer Marketing mix Business Environment.

Matt Simon New England Political Director Marijuana Policy Project.

Marijuana – Cannabis – Hemp – weed – pot Real problem or masquerade ? CASSAR Baptiste MERY Thibaut 11/05/2015.

Tobacco Taxes LOCAL TAXES IN ALASKA. Looking at the Bigger Picture A Public Health Perspective  Tobacco Taxes are an “Access” policy  What are some.

Amendment 64 Use and Regulation of Marijuana THE PEOPLE OF THE STATE OF COLORADO FIND AND DECLARE THAT  MARIJUANA SHOULD BE LEGAL FOR PERSONS TWENTY-ONE.

Marijuana Legalization Eric Liston. What is Marijuana? Marijuana is currently a highly illegal Schedule I drug, and accounts for over 44% of drug- related.

Acquire foundational knowledge of marketing-information management to understand its nature and scope Marketing Marketing Indicator 1.05 Indicator 1.05.

African Illegal Black Market Trading  [blak-mahr-kit] n. the illicit buying and selling of goods in violation of legal price controls, rationing, etc.

The Economic and Societal Impact of The University of Washington (FY 08-09) Research and analysis completed by 1 July 2010.

Performance Indicator 1.05 Acquire foundational knowledge of marketing-information management to understand its nature and scope.

By: Meghan O’Donnell AMENDMENT 64: FULL LEGALIZATION OF MARIJUANA IN COLORADO.

SS8H8a Describe the impact of the boll weevil and drought on Georgia. Concepts: Location Production – Distribution - Consumption.

D Block 1/24/12 Caitlin, Annika, CJ

The U.S is taking too much time on busting people for marijuana and too much money is being spent. Brennan Stark Brennan Stark Elijah Knowles Elijah Knowles2/7/124th.

Drugs and Our Society Drug Taking Behavior Part 2.

The Case for a Cigarette Tax, in One Graphic Ezra Klein Washington Post- June 20, 2013 Presented by Tibu Thomas

Presented by Harry M. Davis, Ph.D NCBA Professor of Banking and Economist Appalachian State University October 29, 2015.

Legislative Analyst’s Office Presented to: November 19, 2015 California Association of School Business Officials, CBO Symposium 0.

Reefer Madness Group 2 Dylan Deilkes Braxton Forestal Austin Cox Ethan Fager.

Should marijuana be legalized?. How and When this controversy started  Use of marijuana became a problem in the 1930s in the U.S.  1937: Laws passed.

Which Industry? $35.1 billion each year. Anti Cigarette Prohibition Annie Zircher.

The Economics of Higher Education Tatiana Melguizo Assistant Professor University of Southern California Sao Paolo – BRAZIL International Seminar April.

Marijuana Legalization Rakan Aldiab Arizona State University.

Drug Violence in Latin America By Victor Sandoval INTB

Keep Kansas Dollars in Kansas with a Kansas Solution: The Bridge to a Healthy Kansas Insert Meeting Name Your Name Date.

Regulating & Taxing Marijuana

VRMCA 2014 Annual Meeting VA Beach, September 9 “ Economic and Political Forecast” Daniel Palazzolo Professor of Political Science University of Richmond.

Marijuana Why it should be legalized. Marijuana Legalization Status Becker, Jamie. "The State of Marijuana in the U.S. in LHSFNA." The State of.

Fiscal and Economic Issues Discussion Group

The Economics of Cigarette Taxes

Proposition 64 County Behavioral Health Directors Association

Proposition 64 County Behavioral Health Directors Association

The School Finance Outlook for and Beyond

Marijuana: Do the Laws Need to Change?

MARIJUANA IN WASHINGTON

GOVERNMENTAL REVENUES Ch.9

Impact of a Total Legalization of Marijuana on

Should Marijuana be legalized

Presentation transcript:

Legalizing Marijuana: The Business The Economic Benefits of Legalizing Marijuana Presenter: Ashley Boyd Mentor: Dr. J. Lee Brown

Research Outline How profitable is Marijuana? What's the opportunity cost? Is marijuana legalization probable? Is marijuana marketable?

How Profitable is Marijuana: The Government ~1.3 billon dollars of tax revenue annually ~7.7 billion dollars in reduce police force and prison costs annually Total: ~9 billion dollars a year This could increase the education budget by ~11% abcnews.com Thecrimereport.org

How Profitable is Marijuana: The Corporations James Lathrop made $3.1 million in sales in 2014 with Seattle's first legal marijuana shop But was taxed: $510,000 federal $778,000 state Store Expenses: ~216,000 a year Total Estimated Profit: ~1.6 million annually abcnews.com marijuanabusinessnews.com

How Profitable is Marijuana: The Economy Indeed.com list 726 available jobs in the marijuana industry in the U.S Colorado also has seen an economic boost since legalization. Colorado is ranked as one of the fastest growing economies. The unemployment rate is at its lowest since 2008, well below the national average ” I’m not claiming a direct causation to marijuana legalization, but marijuana legalization certainly has not hurt Colorado.”– Drugpolicy.org businessinsider.com

Is Marijuana Legalization Probable? Schedule 1 Schedule 1 drug Regulation 1980 - NORML petition comes into effect 1999 - Marijuana and Medicine is published 2009 - vote by the American Medical Association (AMA), to reverse its long-standing position that marijuana should remain in Schedule I file:///C:/Users/Ashley/Downloads/DPA-MAPS_DEA_Science_Final.pdf NORML petition puts pressure on dea to find scientific evidence for illieglizing mariuana

Is Marijuana Legalization Probable? Regulation Schedule 1 drug Regulation Same limitations as alcohol: 21 years of age Can not be consumed publically Can only be sold in government regulated dispensaries i.e ABC Store

Is Marijuana Legalization Probable? Surgeon General’s Warning Schedule 1 drug Regulation

Is Marijuana Marketable? Development of a Prototype 28,700,000 users in North America This market does not provide enough revenue Trying to reach a new market unodc.org

What This Prototype Means It allows for better regulation Helps establish a new market Creates a more elegant experience

Current Legal Dispensaries

A New Kind of Dispensary

Think Tank Target Market: People who don’t normally smoke marijuana Why? Different Flavors Mask the Smell Removable Tip Design Marketing Strategies for Different People Gender Social Status Co-Branding “Stay at home mothers” More elegant experience Skittles, Mountain Dew Baja Blast, Hershey's

"Cigarette Smoking among U. S "Cigarette Smoking among U.S. High School Students at Lowest Level in 22 Years." Centers for Disease Control and Prevention. Centers for Disease Control and Prevention, 11 June 2014. Web. 10 July 2015. "United Nations Office on Drugs and Crime." United Nations Office on Drugs and Crime. N.p., n.d. Web. 10 July 2015. "DrugFacts: Is Marijuana Medicine?" DrugFacts: Is Marijuana Medicine?N.p., n.d. Web. 10 July 2015. "California Proposition 215, the Medical Marijuana Initiative (1996)." - Ballotpedia. N.p., n.d. Web. 10 July 2015. <http://ballotpedia.org/California_Proposition_215,_the_Medical_Marijuana_Initiative_(1996)>. "State Marijuana Laws Map." State Marijuana Laws Map. N.p., n.d. Web. 10 July 2015. <http://www.governing.com/gov-data/state-marijuana-laws-map-medical-recreational.html>. "How Marijuana Legalization Will Affect Mexico’s Cartels, in Charts."Washington Post. The Washington Post, 09 Nov. 2012. Web. 10 July 2015. legalization-will-affect-mexicos-cartels-in-charts/ PBS. PBS, n.d. Web. 10 July 2015. <http://www.pbs.org/wgbh/pages/frontline/shows/drugs/special/math.html>. "Taxing Marijuana: The Washington and Colorado Experience." Tax Foundation. N.p., n.d. Web. 10 July 2015. "MarijuanaBusinessNews.com - How Much Money Does a Medical Marijuana Club Make?" MarijuanaBusinessNews.com - How Much Money Does a Medical Marijuana Club Make? N.p., n.d. Web. 10 July 2015. References

THANK YOU Questions? Contact Information: Ashley “AB” Boyd aboyd10@broncos.uncfsu.edu 252-571-9245 Acknowledgments: - Dr. J. Lee Brown - The McNair Scholars Program - Fayetteville State University