Friday, February 2, 2018

Testing the Hypothesis

The opportunity I would like to pursue is contingent on New Jersey passing or at least reinventing their current marijuana laws. I believe dispensaries in the most densely populated metropolitan would thrive.

The who: Residents of the state. From doctors, to growers, to consumers, many people could benefit from local dispensaries. By making cannabis easily accessible to everyone, people from all backgrounds can reap its benefits.
Testing: The US population has been surveyed and the results favor the legalization of cannabis at some level.

The What: By producing large amounts of cannabis oil and flowers, the garden state will soon see the financial benefits seen in Colorado and the states on the west coast.
Testing: Washington state is producing so much cannabis that it has to practically give it away for free. The increase in production benefits people at all stages of the production process.

The Why: By regulating and taxing the sale of cannabis, the state government has the potential to earn tons of money.
Testing: States such as Colorado have already shown how successful the regulated sale of cannabis can be. By taxing the sales from dispensaries, the state government has earned hundreds of millions of dollars.

Interviews summary:
After interviewing five people from different backgrounds, I couldn't come to the conclusion on whether or not the general public supports legalization. Three out of the five people interviewed support legalization of cannabis completely, while one supports it medically, and one did not support it. While this sample size is extremely small, I felt it was pretty representative of the population in its separation. I thought most young people thought similarly about the potential medical benefits of cannabis, but finding out a millennial is still against the drug completely was surprising.

3 comments:

  1. Hi Erik, as a New Yorker I could not agree more that Marijuana laws need to change in the North East. The market is huge and so is the opportunity. I have no idea why nothing has happened yet in that area. However, something will definitely happen in the next 5 years or less. We just have to be patient.

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  2. Hey Erik!
    As an advocate for recreational marijuana, I agree that the laws in New Jersey should be refurbished to fit the desires of society. The market for marijuana is huge and continues to grow with the loosening of laws in states like Colorado and California, and in those states, there have been no detrimental effects as of now. While I am an advocate, I also believe that this privilege comes with responsibilities and guidelines in order to preserve the safety of users and the state itself.

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  3. Hi Erik, great post! I think your idea is great and I support legalization of marijuana both medicinally and recreationally. I think there are so many benefits in the medical world to have it available as a painkiller for those who really need it, and I think it would help the economy to have it legal for recreational use, as it has been shown in states that have already legalized it. Great idea and post!

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