Possible Effects of Legalization of Marijuana on the Economy and the Individual

Abstract

The article examines the potential effect of marijuana legalization by highlighting the function’s relationship with company activity, employment in the legal sector, and the impact of recreational use on the individual. The analysis achieves the concept through the engagement of multivariate regressions that use distinct industry codes that integrate different tests to highlight the effects of the potential link associating marijuana legalization combined with some of the impact the practice implements on economic functions. The analysis uses data from the North American Industry Classification System from the Bureau of Labor Statistics. The established research intends to engage results showing the proper influence marijuana legalization on individual factors, especially for patients and economic activity. The continuous growth of the industry and literature associated also assists in revealing that cannabis legalization maintains a substantial positive impact on employment, treatment of individual illnesses, and proper growth in associated firms and industries. The study also thrives on engaging in advancing research and analysis associated with marijuana legalization to show its immense potential and continuing positive effect on the economy and the individual. The thesis research remains dedicated to everyone who assisted me in gathering relevant information for my study. I also appreciate my education center and friends’ advanced research on my topic.