Site icon Metro Voice News

Missouri legalizing marijuana could have serious economic, social downside

As Missouri prepares to vote on fully legalizing marijuana for recreational use, a study in Colorado shows the dark social and economic impact.

The social costs of legalized marijuana are well-known, though not covered extensively in the media. For example, Colorado state figures show that just after the state legalized the controlled substance, drivers high on pot accounted for 15 percent of all traffic deaths in 2015. In 2019 that figure had jumped to 25% of all traffic deaths. Another study found accidents in which marijuana was in the system of the driver jumped 50%.

So horrific is the increase in cannabis-related vehicular accidents and deaths, the state of Colorado in 2020 launched a multi-million dollar education campaign. Called Cannabis Conversation, the purpose is to stress the dangers of driving while high. The Colorado Department of Transportation released a report that crashes persist despite education efforts.

Another comprehensive study has revealed additional costs to the state of Colorado, on top of the hundreds of millions being spent to remedy the negative effects.

Jeff Hunt, director of the Colorado Centennial Institute outlined the results of a commissioned study to better understand the economic and social costs of legalizing marijuana.

While much has been written about the tax revenue and total sales generated from commercial marijuana, there has been little research to understand how Coloradans are paying to mitigate the consequences of commercial marijuana.

Hunt prepared the following insights from the research:

No matter where you stand in the marijuana legalization debate, having more information is critical to making the best decisions for the future of Colorado and our nation. This report is an important first step in giving researchers and policymakers a sense of the breadth of costs associated with commercial marijuana. Furthermore, it’s clear from the report that much more information is needed to fully understand the social costs associated with commercial marijuana.”

The bad news is that the costs associated with commercial marijuana are only going to go up as the long-term health consequences have not been fully determined. Like tobacco, commercial marijuana is likely to have health consequences that we won’t be able to determine for decades. Those costs are not configured in this report.

This report  is fair in presenting the economic benefits of commercial marijuana to Colorado including reporting tax revenue, jobs, and overall sales. It is contrasted with the economic and social costs of commercial marijuana, which took a very cautious approach in determining costs. Bottom line, the economic and social costs in this report are intentionally low and the comprehensive costs are likely much higher.

Here are the important findings from this report:

The researchers at Colorado Christian University felt strongly that Colorado needs to have an important conversation about the presence of THC in fatal car crashes and suicide and they included these numbers in the report without attaching a monitory value to the loss of life. They pointed out that these are preventable deaths and if we’re serious about stopping THC-related car crashes and suicides, we need to explore these issues further.

The research firm used to create the report is QREM, a third-party evaluation firm serving non-profits and many of Colorado’s most reputable foundations.

Missourians will vote on legalizing all marijuana in the November election.

–JeffHunt | Vice President of Public Policy, Colorado Christian University
Director, Centennial Institute

Exit mobile version