4/20 Weed Sales Prove the War on Drugs is Hindering Economic Development
On April 20th, marijuana enthusiasts celebrate what they call a national holiday. With the sales of marijuana products exceeding the $37.5 million mark on this past 4/20, the ongoing efforts to put an end to the drug war and their lucrative consequences show that entrepreneurs have a lot to gain once the substance is rescheduled federally.
Former aide to President Richard Nixon John Ehrlichman, who served time in prison over his involvement with the Watergate scandal, allegedly admitted that the drug war launched by the Nixon administration had two targets, “the antiwar left and black people.”
Ehrlichman allegedly told journalist Dan Baum that members of the Nixon White House “knew we couldn’t make it illegal to be either against the war or black, but by getting the public to associate the hippies with marijuana and blacks with heroin, and then criminalizing both heavily, we could disrupt those communities.”
As US states disrupt the ongoing federal effort to put an end to drug consumption in America by passing their own marijuana legalization laws, the drug war is finally unwinding, at least partially.
According to Fox News, marijuana retailers registered a 30 percent increase in retail transactions on 4/20. The report comes from a software company that provides global cannabis businesses seed-to-sale tracking systems known as MJ Freeway. The startup, which was launched in 2010, is able to sift through data from cannabis retailers, producing an accurate analysis of 40 percent of America’s cannabis market.
As more states join the legalization bandwagon by passing recreational marijuana bills, legal retail sales are estimated to reach $6.7 billion by the end of 2016. As entrepreneurs heap the benefits, the industry promotes economic growth by offering great employment opportunities for residents of the states where weed is legal.
On April 20, MJ Freeway has disclosed, legally-licensed cannabis retail locations across the country sold $10,822 worth of products on average. The days before and after 4/20 have also seen a boost in sales. According to MJ, legal weed retailers sold $6,208 on April 19 and $5,442 on April 18 also on average.
California saw the largest dollar amount sold on April 20, beating others like Colorado and Washington, where recreational weed is legal. Colorado ended up beating all other states by having higher sales on average on April 20th.
While these numbers seem promising, it’s hard to assess just how much wealthier the country would be if all drug laws put in place in the name of an undeclared war on immoral behavior were lifted.
While discussing the health consequences associated with drug use is important, the burden should be shared by local communities, where individuals have access to religious entities and other privately-organized groups that support addicts, not in the hands of law enforcement.
As the country becomes increasingly enamoured with the idea of bringing the drug war to a halt, libertarian advocates claim that even gun violence would suffer a major blow once laws criminalizing drug consumption and sales are dropped.
According to Cato Institute’s Adam Bates, the only “common sense” approach to the gun violence issue in America is to end the drug war. After all, more than 2,000 homicides a year are gang-related, the government estimates. What is Washington waiting for?