Legalization of Cannabis Name Institution Legalization of Cannabis In the U.S various states that comprise of California Maine Colorado Vermont and Massachusetts have legalized the usage of Cannabis (Marijuana) for leisure purposes. In the states that seem to have endorsed marijuana usage the drug is distributed at commercial level in all the jurisdictions (Bowles Herzig & Shea 2017). According to the federal law there are three cannabinoid drugs that the medics can prescribe. The drugs comprise of Cesamet Syndros and Marinol though; cannabidiol is illegally accessible in the market. Therefore this paper seeks to examine how the legalization other drugs such as alcohol may complement or substitute marijuana. Despite this the effects of the legalization of cannabis are significant and influential in the market. References Bowles N. P. Herzig M. X. & Shea S. A. (2017). Recent legalization of cannabis use: effects on sleep health and workplace safety. Nature and science of sleep 9 249. George T. P. Hill K. P. & Vaccarino F. J. (2018). Cannabis Legalization and Psychiatric Disorders: Caveat “Hemp-tor”. The Canadian Journal of Psychiatry 0706743718762387. Walker D. D. (2017). Legalization of cannabis: Considerations for intervening with adolescent consumers. Preventive medicine 104 37-39. [...]
Legalization of Cannabis Recently, a few states have legalized the recreational use of cannabis (marijuana). Respond to the following questions/topics: How has the legalization impacted the market for this good? Very briefly discuss the price elasticity of demand for the good and what determines the elasticity. In light of your readings for this week, how would you anticipate the market to change over the next few years? Briefly discuss a substitute good and a complementary good for legal cannabis. Create a supply-demand graph illustrating one of the shifts discussed in your paper, and explain the shift. Please note, that you need to create the graph and not copy it from any source. Any copied and pasted graphs will not earn any points. Requirements: Your paper should be at least 2 pages in length and must conform to the CSU-Global Guide to Writing and APA Requirements. Include the supply-demand graph you created based on the requirements established. Incorporate at least three scholarly references that are not required readings for this module. The CSU-Global Library is a good place to find these references.