The issue of marijuana taxation is one of the heavily debated in United States and other parts of the world. Marijuana should be taxed like any other products in the market. The essence of taxing marijuana is based on the fact that it earns revenue, funds the regulation strategies of marijuana, advance marijuana in the globe, as well as making it difficult to repeal but, others assert that taxation of marijuana should not be allowed based on the fact that other states and nations have not even legalized the substance. It is worth noting that marijuana taxation has become an issue because of diverse opinions from different stakeholders. Evidently, the religious community focus on the morality, the economists focus on revenue and other economic related outcome, and businessmen focus taxation in a profit perspective, thus making the entire marijuana taxation issue complex. The taxation of marijuana may not be achieved based on the issue of demand and supply. The drug will probably fall in the hands of the young generations because it will be found anywhere. In addition, the fact that marijuana is not legalized in many states. This implies that individuals dealing with the drug will migrate to other states so as to avoid taxation. Based on the challenges faced in achieving the goal, it is worth focusing the issue of marijuana taxation on global phenomena. Campaigns need to me launched to polarize legalization of the drug and its taxation. The states that have already implemented tax policy should prosper and demonstrate positive outcome. The problem will be solved by putting into place strong polices in support of marijuana taxation. The issue should involve all responsible stakeholders and the opinions of people in society for it to gain maximum support. In general perspective, marijuana should be taxed based on its benefits.
Marijuana Taxation Thesis Proposal Samples
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