Skip to content

Could Legalized Marijuana Help Ohio Financially?

When states are trying to figure out the costs and benefits of what is going on with a particular law, they will often try to figure out whether or not the financial benefits will be big enough to make a difference in what they’re doing and if it would not eventually constitute a civil rights violation. That being said, there are a lot of things that are being legalized all over the country, namely marijuana, that actually make the governments pause and try to figure out the best course of action.

We’ve seen the economic boosts in other states – namely, Colorado, especially when it comes to looking at how much more in taxes can be used to help keep other important areas of government running. The taxes from the sale of marijuana have been nothing but beneficial for those state governments, and it’s no wonder that other states are looking to follow suit as well.

Marijuana OhioOne of the most recent states to start looking at this debate is Ohio. Ohio is known for being a swing state when it comes to elections, so the reactions to possibly using pot as another form of tax income are mixed. There have been a lot of different estimates put out there about how much money it could end up making the government, and those numbers range anywhere from $1 billion to $2.5 billion, and even more.

Now, Ohio’s law would be a bit different, mainly because it would be “limited grow,” which we have no current example of. Basically, only certain people would be permitted to grow pot so that it could be distributed, and those places would be highly regulated as to keep those who may use it as safe as possible. So, the numbers may be different than what we’re seeing here. All that being said, there is proof that regulated marijuana prices are going down as time goes on, and more people are going to go for the safer, regulated stuff because the prices are comparable. Also the Ohio criminal law sector will become a lot less busy than say a Philadelphia criminal lawyer for example where the herb is not yet taxed and regulated.

So, what do you think this will say for the future of marijuana legalization? Do you think that Ohio is going to be the next state on the list, or do you think it will take a while and other states will get it passed first? Will other states try to go like Ohio did, with limited grow rules that make it more difficult for people to get harmed by using marijuana? There are a lot of questions, and answers are still yet to come.