Possible Effects of Legalization of Marijuana on the Economy and the Individual ()
ABSTRACT
The article examines the potential effect of marijuana
legalization by highlighting the function’s relationship with company activity, employment in the legal sector, and
the impact of recreational use on the individual. The analysis achieves the concept
through the engagement of multivariate regressions that use distinct industry codes
that integrate different tests to highlight the effects of the potential link associating
marijuana legalization combined with some of the impact the practice implements
on economic functions. The analysis uses data from the North American Industry Classification
System from the Bureau of Labor Statistics. The established research intends to
engage results showing the proper influence marijuana legalization on individual factors, especially for patients and economic activity.
The continuous growth of the industry and literature associated also assists in revealing that cannabis legalization maintains a substantial positive
impact on employment, treatment of individual illnesses, and proper growth in associated
firms and industries. The study also thrives on engaging in advancing research and
analysis associated with marijuana legalization to show its immense potential and
continuing positive effect on the economy and the individual. The thesis research
remains dedicated to everyone who assisted me in gathering relevant information
for my study. I also appreciate my education center and friends’ advanced research on my topic.
Share and Cite:
Ouanhlee, T. (2022) Possible Effects of Legalization of Marijuana on the Economy and the Individual.
Open Journal of Business and Management,
10, 3361-3394. doi:
10.4236/ojbm.2022.106166.
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