3 Arguments for and Against Legalizing Marijuana

There's arguably no industry in the U.S. that's growing at a faster, more consistent pace than legal marijuana. Marijuana Business Daily's latest report, "Marijuana Business Factbook 2017," predicts legal sales growth in the U.S. of 30% this year, 45% in 2018, and 300% as an aggregate between 2016 and 2021 to about a $17 billion market. Not surprisingly, this growth has been instrumental in attracting investment dollars to the space.

However, that doesn't mean the federal government has budged one iota on its view of marijuana. The drug remains categorized as Schedule I at the federal level, meaning it has no recognized medical benefits and is wholly illegal, just like LSD and heroin. Despite this view, the debate rages on over whether marijuana should be legal. Solid arguments can be made from both sides of the aisle. Read on for three reasons legalizing marijuana makes sense, as well as three reasons keeping it as a Schedule I drug is the best course of action.

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