Premium Essay

Amendment 64 Economic Benefits

In: Social Issues

Submitted By Prophecy1914
Words 960
Pages 4
Amendment 64 Economic Benefits
Kyle G Petties
Comm/215
January 18, 2015
Kate McCarty

Intro
In the year of 2012, an amendment was passed, that local law enforcement and government officials predicted to cause more harm than help. Amendment 64 legalized marijuana in the states of Colorado and Washington for recreational sale and private usage (Amendment 64 Use And Regulation Of Marijuana, 2013). While many people grew excited about this new law because of their newfound freedom, others feared the adverse effects it could have on the states and their community. However, what was expected to be an inevitable downfall has proven to be beneficial, economically, and for many people of the commonwealth. Crime Rate
When presented with Amendment 64 in Sept of 2012, Colorado's Douglas County sheriff, David Weaver, strongly expressed his point of view by stating, "Expect more crime, more kids using marijuana and pot for sale everywhere (Douglas County Sheriff Office, 2012)." Fortunately, his prediction has proven to be incorrect. According to, the Huffington Post, crime rate has decreased 2 percent within the first year of legalization. These include violent crimes, such as homicide, sexual assault, and robbery (Ferner, 2014). Although, there is not a study to show the decrease occurred because of the passing of Amendment 64, the numbers show that the legalization of marijuana did not cause an increase in Colorado's crime rate.
It is a theory that, allowing the use and distribution of a substance, one can creates a controlled and safe environment. For instance, a teenager wants to become a part of the social scene in high school, but the parents are afraid of worldly influences. After the parents gave the situation deep thought, the parents think of a plan. They decide to allow the teenager to host a party at their home, as long as they can set a limit on people…...

Similar Documents

Premium Essay

Value Communication – Economic Benefits and Psychological Benefits Reflection

...Value Communication – Economic Benefits and Psychological Benefits Reflection How can we communicate our product’s value to customers? This is always a good question to companies. The most common method used by companies nowadays is usually advertisement, especially on TV commercials. Companies have to deliver the benefits that customers could seek from their product by telling the economic and psychological benefits in their advertisement. Economic benefits usually refer to those features that are measurable and can be transferred into quantified value among different brands. For example, profit, productivity, etc from the product. Psychological benefits is different from that of the economic benefits, they usually refer to the feeling you can get from the advertisement or product. For example, feeling of excitement when you watch a car racing advertisement. Reason for choosing this concept: Value communication is a very important and essential concept in a company. It is because customers always ignore the value of a company’s product as they are inexperienced customers and affected by the innovative product or they may not be motivated to calculate the product.Therefore, companies need to deliver the value and benefit of different product to consumers, in order to attract more purchase from consumers. This concept is very important for both consumers and the company side. Consumer side: 1. Consumers can make a better choice Under this concept, in order to......

Words: 1289 - Pages: 6

Premium Essay

The Economic and Social Benefits of Mobile Services in Bangladesh

...The Economic and Social Benefits of Mobile Services in Bangladesh A case study for the GSM Association Barney Lane Susan Sweet David Lewin Josie Sephton Ioanna Petini April 2006 LEGAL NOTICE: Neither the GSM Association nor their Members or Associate Members are responsible for the use that might be made of this publication. The views expressed in this publication are the sole responsibility of the author(s) and do not necessarily reflect the views of the GSM Association, their Members or Associate Members The Economic and Social Benefits of Mobile Services in Bangladesh 1 Executive Summary The GSM Association commissioned Ovum to conduct a study into the economic and social benefits of mobile services in Bangladesh. We were asked to examine whether there were any policy barriers that may prevent the full extent of any benefits of mobile services from being realised. In the event that policy and legislative barriers were found, we were asked to identify recommendations for change. In recent years, the mobile industry in Bangladesh has developed at an extraordinary rate. Today there are approximately ten million mobile customers and coverage extends to 90% of the population. With a population of 44 million (2005 figures), Bangladesh is the seventh most populous country in the world. Our key findings from the study are as follows: • • • • • • • • Almost a quarter of a million Bangladeshi depend on the mobile industry, directly and indirectly. Mobile......

Words: 18137 - Pages: 73

Premium Essay

The Economic Benefits of Environmental Policy

...The economic benefits of environmental policy A project under the Framework contract for economic analysis ENV.G.1/FRA/2006/0073 - 2nd FINAL REPORT November 2009 Matt Raymenta, Elke Pirgmaierb, Griet De Ceusterc, Friedrich Hinterbergerb, Onno Kuikd, Henry Leveson Gowera, Christine Polzinb, Adarsh Varmaa a b c d GHK Sustainable Europe Research Institute (SERI) Transport & Mobility Leuven VU University Amsterdam, Institute for Environmental Studies (IVM) Institute for Environmental Studies Vrije Universiteit De Boelelaan 1087 1081 HV AMSTERDAM The Netherlands Tel. ++31-20-5989 555 Fax. ++31-20-5989 553 E-mail: info@ivm.falw.vu.nl Internet: http://www.vu.nl/ivm vrije Universiteit amsterdam Contents Executive Summary 1. 2. 3. 3.1 3.2 3.3 3.4 3.5 3.6 4. 4.1 4.2 4.3 4.4 4.5 4.6 5. 5.1 5.2 5.3 5.4 5.5 5.6 6. 6.1 6.2 6.3 6.4 6.5 6.6 7. 7.1 7.2 7.3 7.4 7.5 8. 8.1 Introduction Environmental Policy and the Economy Environmental Policies and Productivity Description and background Policy instruments Review of evidence from the wider literature Evidence from examples and case studies Scale of economic benefits to date and assessment of the further potential Beneficiaries and timescale Environmental Policies and Innovation Description and background Policy instruments Review of evidence Examples and case studies Scale of economic benefits Beneficiaries and timescale Environmental Policies and Employment Description and background Policy instruments Review of evidence......

Words: 78697 - Pages: 315

Premium Essay

Economic Benefits of Transportation Improvements

...Economic Benefits of Transportation Improvements Shamonica Jordan Arkansas Highway Transportation Essay March 11, 2013 Economic Benefits of Transportation Improvements Today, the development of public transportation is extremely prospective in terms of the community development. The development of public transportation can improve the community environment, its socioeconomic development. Goodyear (2010) states the following public transportation has a great potentially, when the use of cars as the main means of transportation threatens to the environment. With that being stated it provides inefficiency with the potential positive effects of public transformations being underestimated. In this respect, it is possible to dwell upon economic, environmental and social benefits resulting from the development of public transportation. First, public transportation can have a positive impact on the development of the local community because it opens larger opportunities for transportation within the community as well as increases its transit potential. American Public Transportation Association (2013) states the following: opponents of public transportation may argue that public transportation needs substantial investments and, what is more important, it is the community or state funds that will be used to fund the development of public transportation. In this respect, opponents are right in regard to the substantial increase of public expenditures on...

Words: 557 - Pages: 3

Free Essay

Racial and Multicultiral Tolerance vs. Economic and Societal Benefits

...Racial and Multicultural Tolerance vs. Economic and Societal Benefits We exist in a society where intolerance for the racial and cultural differences of others is commonplace, and solidly rooted. Whether you live in the US, Middle East, Europe, or Asia, situations can be found where matters of money, domestic dispute, war, torture, and rape, have been incited or settled based on the ethnicity of parties involved (amnesty.org). Though it has for over a hundred years been the outspoken goal of certain societies to change this environment of unfairness, and in many cases injustice, – with the United States being the forerunner in this endeavor – the change, especially in the past several decades, can be considered modest at best (Lewis Mumford Report). For years we’ve listened to politicians support visionary ideas of bringing together people of varied ethnic backgrounds. “Until justice is blind to color,” stated Lyndon Johnson during his presidency, “until education is unaware of race, until opportunity is unconcerned with the color of men’s skin, emancipation will be a proclamation but not a fact.” Government programs like affirmative action were designed with the hope in mind of them being the keys to closing the gap between the economically and socially superior, and the historically underprivileged (Ravitch). Futurists and creative thinkers have come and gone preaching the idea, the dream, of a time when racial injustices would be a thing of the past, and yet it......

Words: 2193 - Pages: 9

Free Essay

Economics of an Information Intermediary with Aggregation Benefits

...purveyors of an array of services (see, e.g., Sarkar et al. 1995, Wise and Morrison 2000). This paper studies the design of infomediary ser- vices. Our analysis focuses on a distinctive aspect of intermediation that we refer to as an aggregation ben- efit: buyers (and sellers) perceive greater value when there is a larger network of sellers (respectively, buy- ers) affiliated with the intermediary. We examine the impact of an intermediary offering multiple classes of service when faced with a heterogeneous market of users, and discuss how the intermediary might design a menu of quality-differentiated services. We draw a contrast with prior results in versioning of informa- tion goods, and show that the intermediary-specific aggregation benefit improves the incentives for ver- sioning. From a practical perspective, our findings are significant in that they suggest that intermediaries can increase their chances of success by employing a ver- sioning strategy. The rest of this section expands on the aggregation role of intermediaries and discusses the different types of value offered in intermediary systems. Following this, we develop and analyze the intermediary model in §2–§4. In §5, we discuss how our results contribute to understanding the design of intermediary services. Section 6 concludes the paper....

Words: 480 - Pages: 2

Premium Essay

Social and Economic Benefits of Insurance

... Name – Olagunju Tahir Matric No. – 139022111 Course Title – Theory of Risk and Insurance Topic - Social and Economic benefits of Insurance. Insurance occupies a critical position in any developing economy yet insurance penetration remains abysmally low in Nigeria. Insurance penetration is measured by Total Premium to Gross Domestic Product. Nigeria is ranked 85th in terms of global Insurance Density Premium Per Capita (IDPPC) while South Africa occupies 32nd position-Sigma Publication 2011. The latter is number 1 in Africa with IDPPC of $1,037 while that of Nigeria is $10. Prior to rebasing of the GDP, insurance contribution was N 300billion or just a little less than 1% of Nigerian GDP. Insurance contributes 15% (approx) to South Africa GDP whilst the average for Africa is 3%. The rebasing of Nigeria GDP which came on stream on Sunday 6th April 2014, has further depressed Nigeria IDPPC to 0.56% of GDP. With the attendant hardship associated with economic downtown and systemic disappearance in public corporate and solidarity funding for social and economic disasters, businesses and households have become increasingly vulnerable to risks of losses caused by fire, industrial accidents, sudden death of critical staff or family breadwinner, motor accidents, flash floods and emerging risks such as aircraft crashes, terrorism and kidnapping. The last two are not covered by conventional insurance but are special risks the market accommodates under special arrangement on......

Words: 3130 - Pages: 13

Premium Essay

Is Immigration an Economic Benefit to Host Country

... Immigration is an Economic Benefit to the Host Country Name: Cindy Winata Student ID: 12413091 Professor: Vyas Utpal Immigration is an Economic Benefit to the Host Country Is immigration an economic benefit to the host country? As the world globalizes, this issue has become a topic of a debate in recent years. The inflow of immigrants may bring a positive effect or negative effect to the destined country. However, in some countries like the United States, their economic development has become dependent on immigrants. As Marco Rubio once said, “Americans believe in the value of immigration”. Immigration has made and is making favorable contribution in term of economy to the host country. Immigrants have benefited the U.S economy by filling in less-skilled job vacancies, increasing native’s wages and labor productivity, and lastly driving innovation. Immigrant Workers Fill the Growing Number of Job Vacancies Immigration plays an important role in filling in the less-skilled jobs vacancies in United States. The main reason why the United States has become significantly reliant on immigrants is because of the growing shortage of workers that are willing to do the less-skilled jobs. In recent years, American worker’s educational level has improved dramatically, thus result in the growing number of less-skilled jobs in which U.S-born workers are available. Less-skilled immigrants are needed to fill in occupations such as construction, farming, fishing, food processing,......

Words: 1342 - Pages: 6

Premium Essay

Is Immigration and Economic Benefit to the Host Country

... Immigration is an Economic Benefit to the Host Country Name: Cindy Winata Student ID: 12413091 Professor: Vyas Utpal Immigration is an Economic Benefit to the Host Country Is immigration an economic benefit to the host country? As the world globalizes, this issue has become a topic of a debate in recent years. The inflow of immigrants may bring a positive effect or negative effect to the destined country. However, in some countries like the United States, their economic development has become dependent on immigrants. As Marco Rubio once said, “Americans believe in the value of immigration”. Immigration has made and is making favorable contribution in term of economy to the host country. Immigrants have benefited the U.S economy by filling in less-skilled job vacancies, increasing native’s wages and labor productivity, and lastly driving innovation. Immigrant Workers Fill the Growing Number of Job Vacancies Immigration plays an important role in filling in the less-skilled jobs vacancies in United States. The main reason why the United States has become significantly reliant on immigrants is because of the growing shortage of workers that are willing to do the less-skilled jobs. In recent years, American worker’s educational level has improved dramatically, thus result in the growing number of less-skilled jobs in which U.S-born workers are available. Less-skilled immigrants are needed to fill in occupations such as construction, farming, fishing, food......

Words: 1342 - Pages: 6

Premium Essay

Economic Benefits of Same Sex Marriage

...will consider how gay friendly business practices increase sales, how same-sex marriage affects the economy of our state and nation, and how overcoming the objections of same-sex marriage will benefit us all. Background: Older generations are afraid of concepts that are newer to them or that aren’t considered “traditional.” A recent CNN/Gallup poll showed that approximately 53% of Americans approve of same-sex marriage in the United States, which is the highest amount of approval that there has ever been. Within the state of Minnesota, there are, “… 9,147 same-sex households with nearly 4,000 of those located in Hennepin County” (Dziengel, 2010). With such a large concentration of same-sex households, Minneapolis (Hennepin County) has been considered a mecca of same-sex friendly businesses and people. Travel Channel has listed the Minneapolis/St. Paul metropolitan area as one of the top 10 gayest cities in the United States, putting us in direct comparison with such cities as Los Angeles, New York and San Francisco. There have been several companies that have made a stance in favor of same-sex marriage and the economic value that such unions bring with them. Companies such as Target, which is based in Minneapolis; Wal-Mart; and Walgreens have researched the benefits of gay marriage and have found that while traditional marriages are the “bread and butter” for retailers, gay couples are considered the cream of the crop. The reason being is that they tend......

Words: 2007 - Pages: 9

Free Essay

The Benefits of Transaction Cost Economics

...THE BENEFITS OF TRANSACTION COST ECONOMICS: THE BEGINNING OF A NEW DIRECTION Boudreau, Marie-Claude, University of Georgia, Athens, GA, USA, mcboudre@terry.uga.edu Watson, Richard T. University of Georgia, Athens, GA, USA, RWatson@terry.uga.edu Chen, Adela J. W., University of Georgia, Athens, GA, USA, chenjw@uga.edu Greiner, Martina, University of Georgia, Athens, GA, USA, mgreiner@uga.edu Sclavos, Peter, University of Georgia, Athens, GA, USA, psclavos@uga.edu Abstract In this conceptual paper, we argue that the organizational focus on transaction costs needs to be balanced by an attention to transaction benefits, both at the individual and organizational levels. To the transaction characteristics suggested by transaction costs economics, we add four additional ones likely to foster transaction benefits: intensity of knowledge, segmentation of knowledge, dispersion of knowledge, and scarcity of knowledge. The need to maximize transaction benefits while minimizing transaction costs results in the mixing of governance structures, where two (or more) “pure” governance structures are combined. We create a model of the relationships between transaction characteristics, mix of governance structures, transaction costs and benefits, and information systems; from an instantiated version of this general model, we elaborate four propositions. Moreover, with two “real world” examples (Google and JBoss), we illustrate the existence of the proposed transaction characteristics and......

Words: 6341 - Pages: 26

Free Essay

Video Compression: an Examination of the Concepts, Standards, Benefits, and Economics

...Video Compression: An Examination of the Concepts, Standards, Benefits, and Economics ITEC620 April 14, 2008 To accommodate the increased demand for digital video content, compression technology must be used. This paper examines the most commonly used compression formats, the MPEG-1, MPEG-2 and MPEG-4 video compression formats, their relative benefits and differences, the delivery methods available for digital video content and the economics of video content delivery. Every time a digital video disc is played, a video is watched on YouTube, an NFL clip is viewed on a Sprint-based cellular phone, or a movie is ordered through an on-demand cable television video service, the viewer is watching data that is not in the state it which it originated. Video in an unmodified state is comprised of vast quantities of data (Apostopoulos & Wee, 2000). In order to make effective and efficient usage of video data, some method of reducing the quantity of data is necessary. Apostopoulos and Wee, in their 2000 paper, “Video Compression Standards” explain this succinctly and well, “For example, consider the problem of video transmission within high-definition television (HDTV). A popular HDTV video format is progressively scanned 720x1280 pixels/frame, 60 frames/s video signal, with 24-bits/pixel (8 bits for red, green, and blue), which corresponds to a raw data rate of about 1.3 Gbits/sec. Modern digital communication systems can......

Words: 5707 - Pages: 23

Premium Essay

Economic Benefits of Developing a Family Island

...Name: Nigel C. Thompson Jr. Course: ENG 300 Student Id: 000-05-2886 Due: February 11, 2015 The Economic Benefits of Developing a Family Island Economic growth is a phrase which indicates the increase per capita gross domestic product (GDP). There is a clear distinction between the nominal and real growth economically. The first, growth rate includes inflation; the second is the nominal rate which is adjusted for inflation. When on the topic of economic growth, it is mainly related to the long run, which is not to be confused with short-run variation because it is known as the business cycle. The path which is taken on the long-run is a common question in economics (Economic Development - Benefits, n.d.). In the Bahamas there are two (2) major industries, which are tourism and banking (Deltuvaite & Sineviciene, 2014), however, the tourism industry is mainly directed to one island of the Bahamas. If there were to be major development on a family island, it can be beneficial to the entire economic growth of the Bahamas, especially if it were to become more diversified. At the Bahamas Business Outlook, Mr. Vanderpool-Wallace made a very valid and interesting statement which most people in the Bahamas would be simply astonished to find out. “If New Providence & Paradise Island were a separate country in our region, it would rank 5th in the number of stopover visitors, 2nd in the number of total visitors and 1st in the number of cruise passengers in the......

Words: 1614 - Pages: 7

Premium Essay

Comment on the Likely Economic Benefits of an Increase in Fdi for Countries in the Sub-Saharan [10]

...Comment on the likely economic benefits of an increase in FDI for countries in the sub-Saharan [10]. Foreign Direct Investment (FDI) is an investment made by a company or entity based in one country, into a company or entity based in another country. (insert graph showing shift in AS and AD to the right and new equilibrium points) Countries in the sub-Saharan tend to have low labour cost. This tends to attract business’s to build manufacturing plants (FDI – capital investment) in those countries to take advantage of lower labour cost. This means that FDI can cause an increase in jobs and employment. With an increase in employment house hold income will increase, meaning that consumer spending will also increase leading to an increase in aggregate demand causing it to shift to the right from AD 1 to AD 2 causing GDP to also increase. However in the short run this may lead to an excess in demand causing price to rise leading to demand pull inflation and unsustainable growth. Another benefit to an increase in employment is an increase in tax revenue, providing the government with money to invest into the infrastructure of the economy and/or education. Investment in education will lead to an increase in the skills of the workforce which may lead to an increase in the productivity of the economy. This leads to an increase in output causing aggregate supple to shift from AS 1 to AS 2 meaning there is an increase in consumer choice there for an increase in consumer......

Words: 456 - Pages: 2

Premium Essay

Discuss the Extent to Which Economic Growth May Benefit an Economy. (18)

...Discuss the extent to which economic growth may benefit an economy. (18) Economic growth is an increase in the output that an economy produces over time, for the minimum of two consecutive quarters. Economic growth can benefit an economy in a number of ways. Firstly, higher average incomes, this allows consumers to enjoy more goods and services and enjoy better standards of living. This in turn could lead to the ‘Trickle Down’ effect, those who are the highest income earners spending their disposable income on goods and services in the economy, those lower income earners could benefit from this as that money gets filtered through all sections of the economy. Therefore, many people in the economy will benefit from an increase in average income even if it is only the higher income earner who actually receive the increase. Secondly, economic growth can benefit an economy through lower unemployment, as the economy has an increase in real GDP and positive economic growth, firms will be producing more as they will be receiving a greater demand for the good and services they produce. As a result, firms will need to employ more workers in order to meet the new levels of demand. As labour is derived demand, this means that when the demand for goods and services increases, so does the demand for labour, this results in an increase in employment and reducing poverty. Another way in which economic growth can benefit an economy is lower government borrowing. Economic growth generates......

Words: 783 - Pages: 4