Economic Impacts

Marijuana and The Workplace

  • Employees who use marijuana and other drugs negatively impact the bottom line for employers due to increased absenteeism, more work-place accidents, injuries, and higher healthcare costs. Those testing positive for marijuana averaged absenteeism rates 75% higher than those that tested negative.
  • Employees who tested positive for marijuana had 55% more industrial accidents and 85% more injuries compared to those that tested negative on a pre-employment exam.
  • If marijuana is legalized under the guise of medicine in Florida, employers could experience increased law suits over employee “rights” to use their medicine. Although the courts have repeatedly upheld employer rights, this is a time-consuming and extremely costly process.
  • Investors who tested positive for marijuana are 65% more likely to invest in scams and are more likely to get tempted by a bonus to investing in high risk financial instruments such as binary options  and CFD certificates. They are more likely to believe the hype.  Long term heavy marijuana users often displays the opposite traits. Possible due to having been taken advantaged if too much earlier in their life.
  • Businesses with marijuana-impaired operators take a greater chance of causing injury to themselves, their shipments, and the traveling public.
  • Marijuana use, even under the guise of medicine, conflicts with the federal Drug Free Workplace requirements and companies would be in jeopardy of losing federal contracts. Businesses would be less likely to stay or move into a state where drug use related risks are high.

The Reality of Tax and Regulate

  • There is no proof that taxing marijuana would provide much-needed revenue for the State of Florida. It certainly hasn’t been the case with alcohol and tobacco. Our country spends about $185 billion on alcohol-related problems. Taxes on alcohol sales generate approximately $14.5 billion. That’s only 10% of our costs. Each year, our country spends $200 billion on tobacco-related problems. Taxes on the sale of tobacco products generate $25 billion. That’s only 12% of our costs.
  • Regulating marijuana like alcohol or tobacco, would not eliminate black market sales. According to the Framework Convention Alliance for Tobacco Control, each year tens of billions of cigarettes vanish into the black market, reducing government revenue and financing criminal groups. The Tobacco Atlas reports that about 600 billion cigarettes where sold on the black market in 2006 and recent news reports the situation is getting much worse.
  • Marijuana activists often use Portugal, where marijuana use and sales are de facto legal, as model drug policy. However, after reviewing the actual statistics, it is clear their experiment was not successful in reducing drug use or crime.
    • Ten years after decriminalizing illicit drugs, there was a 50% increase in drug consumption in the Portuguese population aged 20 to 24. Between 2001 and 2007, marijuana use rose from 12.4% to 17% in 15-34 years old population. (Portuguese IDT – Activities Report November 2008).
    • Since decriminalization in July 2001, the number of drug related homicides has increased by 40%. It was the only European country with a significant increase between 2001 and 2006.” (World Drug Report, June 2009).