How does legalizing marijuana impact the marijuana market and the regional crime rate? Use Economic models, and journal research to figure out:
What is meant by legalization?
What are the economic benefits of legalization?
– Taxes?
– Increase in jobs?
– Reduced overall crime?
The impact of price in controlled legalized markets vs black market
What are the Grey markets that appear?
The impact of demand for legalization of marijuana,
The impact of legalization on crime rate (locally)
Does this impact only occur in the short run?
Does it lead to a long-term decrease in crime?
Do individuals resort to other sources of crime?
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