General Ohio University Discussion/Alumni Events Topic
Topic: The next course of study for Ohio business school students?
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Pataskala
11/1/2023 3:53 PM
Or maybe Hocking College: https://ohiocapitaljournal.com/2023/11/01/cleveland-schoo... /

Another OCJ article cites a study that says legalized pot would $260 million to Ohio's economy each year.
Last Edited: 11/1/2023 3:54:45 PM by Pataskala
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OhioCatFan
11/1/2023 6:25 PM
But what would be the human cost?

https://tinyurl.com/zynfxcc

https://tinyurl.com/4nbuxpvb

Other studies show that link between pot use and schizophrenia is stronger in young men than in women.

This preliminary but rather strong evidence reminds me of the early days of studies showing a potential link between cigarette smoking and lung cancer. It was pretty clear that there was a casual link, but it took decades to prove that it wasn't just association (correlation) but actual causation. Caution would be wise.

And, if pot is legalized, you'll find more usage not less. You'll have billboards and other advertising all over the state encouraging its use. If you doubt that, look at Michigan! I'm trusting Ohioans are smarter than Michiganders. I guess we'll soon find out.
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giacomo
11/1/2023 9:47 PM
What about guns and their cost to society?
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TheBobcatBandit
11/1/2023 10:54 PM
OhioCatFan wrote:expand_more
But what would be the human cost?

https://tinyurl.com/zynfxcc

https://tinyurl.com/4nbuxpvb

Other studies show that link between pot use and schizophrenia is stronger in young men than in women.

This preliminary but rather strong evidence reminds me of the early days of studies showing a potential link between cigarette smoking and lung cancer. It was pretty clear that there was a casual link, but it took decades to prove that it wasn't just association (correlation) but actual causation. Caution would be wise.

And, if pot is legalized, you'll find more usage not less. You'll have billboards and other advertising all over the state encouraging its use. If you doubt that, look at Michigan! I'm trusting Ohioans are smarter than Michiganders. I guess we'll soon find out.
This is a “free country” if an adult wants to grow a plant and smoke it they have every right to do so. People know the risk ahead of time. Don’t see how alcohol is legal with all of its negative impacts and pot isn’t. Michigan is making a bunch of money off its legalization while Ohioans get locked up and are missing out on a bunch of tax money the state could benefit from. I can go to the corner store now and buy a bunch of sketchy off brand weed products like delta 8 and others that I don’t know where it comes from or how it’s grown where as if it was legalized could buy seeds and grow it myself in my backyard. The government shouldn’t be able to control what seeds i buy or what plant I grow on my property.
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Bobcat Love's Sense of Shame
11/2/2023 8:49 AM
OhioCatFan wrote:expand_more
But what would be the human cost?

https://tinyurl.com/zynfxcc

https://tinyurl.com/4nbuxpvb

Other studies show that link between pot use and schizophrenia is stronger in young men than in women.

This preliminary but rather strong evidence reminds me of the early days of studies showing a potential link between cigarette smoking and lung cancer. It was pretty clear that there was a casual link, but it took decades to prove that it wasn't just association (correlation) but actual causation. Caution would be wise.

And, if pot is legalized, you'll find more usage not less. You'll have billboards and other advertising all over the state encouraging its use. If you doubt that, look at Michigan! I'm trusting Ohioans are smarter than Michiganders. I guess we'll soon find out.
There are many, many, many legal things that, when used in excess, lead to health issues. It's true of alcohol, sugar, and multiple over-the-counter drugs. What's different about marijuana? And what about the last several decades of the drug war leads you to believe it's been an effective deterrent against marijuana usage?

If there's a link between potent strains of THC and schizophrenia, the solution isn't to outlaw it. It's to regulate it, control the potency, and encourage safe usage. The black market's not going to do that, and there's already a massive black market for weed. Nobody who is curious about smoking weed can't get weed.
Last Edited: 11/2/2023 8:52:41 AM by Bobcat Love's Sense of Shame
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rpbobcat
11/2/2023 9:28 AM
Here's a little different perspective on the financial benefits of legalizing
pot.

When NJ legalized recreational pot, all the towns in the North Jersey , where I live, thought it would be a tax windfall.

So, they were quick to approve dispensaries.

Didn't quite work out that way.

When the first pot dispensaries opened, there were very long lines.
The ones on highways needed to hire off duty police to control the
traffic. Not any more.

As more dispensaries opened, the market got "diluted".

Towns were also told that, once the "newness" wore off, that is , the ability to buy pot legally, people would go back to buying their pot "on the street", since it was LOT cheaper.

That's exactly what happened.

A lot of the dispensaries are struggling and tax revenues have dropped.

If you get picked up with pot, the police don't ask where you bought it.
All they care about is the weight.

About the only thing that does seem to still be selling well from the dispensaries are "edibles".

Now ,a few entrepreneurs are trying to get approvals to convert unused warehouse
space to indoor cultivating.

There's not enough open land to even consider growing outdoors.
Last Edited: 11/2/2023 9:30:00 AM by rpbobcat
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Bobcat Love's Sense of Shame
11/2/2023 9:45 AM
rpbobcat wrote:expand_more
Here's a little different perspective on the financial benefits of legalizing
pot.

When NJ legalized recreational pot, all the towns in the North Jersey , where I live, thought it would be a tax windfall.

So, they were quick to approve dispensaries.

Didn't quite work out that way.
Colorado earned more in tax revenue from weed than either alcohol or tobacco last fiscal year. I'm surprised there hasn't been a tax benefit in New Jersey.

What are the numbers in New Jersey?
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rpbobcat
11/2/2023 10:43 AM
Bobcat Love's Sense of Shame wrote:expand_more
Colorado earned more in tax revenue from weed than either alcohol or tobacco last fiscal year. I'm surprised there hasn't been a tax benefit in New Jersey.

What are the numbers in New Jersey?
I wasn't talking about state tax revenue.

All I know is that the towns in North Jersey, where I live, that allowed dispensaries ,have said that, except in the very beginning, they haven't seen anywhere near the tax revenue they anticipated.

Like I posted, because of all the taxes, regulations etc., buying pot in a dispensary costs several times more then you can buy it "on the street".

It might help sales if they took credit cards.
But the don't.
Cash only, although a few may take a debit card.
Last Edited: 11/2/2023 10:53:01 AM by rpbobcat
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Bobcat Love's Sense of Shame
11/2/2023 11:20 AM
rpbobcat wrote:expand_more
Colorado earned more in tax revenue from weed than either alcohol or tobacco last fiscal year. I'm surprised there hasn't been a tax benefit in New Jersey.

What are the numbers in New Jersey?
I wasn't talking about state tax revenue.

All I know is that the towns in North Jersey, where I live, that allowed dispensaries ,have said that, except in the very beginning, they haven't seen anywhere near the tax revenue they anticipated.

Like I posted, because of all the taxes, regulations etc., buying pot in a dispensary costs several times more then you can buy it "on the street".

It might help sales if they took credit cards.
But the don't.
Cash only, although a few may take a debit card.
Yes, because weed's still illegal at a federal level, it's very hard to run these businesses. Finding banks is tough, and even just finding a payroll provider to fund payroll without a bank is very difficult.

But I don't think your points actually argue what you think they do. That these aren't easy businesses to run doesn't mean there's not opportunity for tax revenue there, it just means that it's a nascent industry, struggling with inconsistent policy and market demands.
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TheBobcatBandit
11/2/2023 3:34 PM
Bobcat Love's Sense of Shame wrote:expand_more
Colorado earned more in tax revenue from weed than either alcohol or tobacco last fiscal year. I'm surprised there hasn't been a tax benefit in New Jersey.

What are the numbers in New Jersey?
I wasn't talking about state tax revenue.

All I know is that the towns in North Jersey, where I live, that allowed dispensaries ,have said that, except in the very beginning, they haven't seen anywhere near the tax revenue they anticipated.

Like I posted, because of all the taxes, regulations etc., buying pot in a dispensary costs several times more then you can buy it "on the street".

It might help sales if they took credit cards.
But the don't.
Cash only, although a few may take a debit card.
Yes, because weed's still illegal at a federal level, it's very hard to run these businesses. Finding banks is tough, and even just finding a payroll provider to fund payroll without a bank is very difficult.

But I don't think your points actually argue what you think they do. That these aren't easy businesses to run doesn't mean there's not opportunity for tax revenue there, it just means that it's a nascent industry, struggling with inconsistent policy and market demands.
Maybe they are just growing it themselves. Why buy tomatoes at the store if you can grow your own.
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rpbobcat
11/3/2023 7:07 AM
TheBobcatBandit wrote:expand_more
Maybe they are just growing it themselves. Why buy tomatoes at the store if you can grow your own.
If they're growing it in NJ, its still a crime.
You can get up 18 months in prison and/or a $10K fine.

There were several attempts to allow home grown medical pot.
But they all died.
(Apparently the commercial growers have a very strong lobby)

No one has even attempted to pass a law allowing home grown pot.
That would hurt legal sellers even more.
(Less tax dollars)
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TheBobcatBandit
11/3/2023 5:19 PM
rpbobcat wrote:expand_more
Maybe they are just growing it themselves. Why buy tomatoes at the store if you can grow your own.
If they're growing it in NJ, its still a crime.
You can get up 18 months in prison and/or a $10K fine.

There were several attempts to allow home grown medical pot.
But they all died.
(Apparently the commercial growers have a very strong lobby)

No one has even attempted to pass a law allowing home grown pot.
That would hurt legal sellers even more.
(Less tax dollars)
So it’s not illegal because it’s bad for you. It’s illegal so a few group of people or a monopoly can make money off it and the government can tax its sales. Sounds corrupt and like organized crime. What a joke. Imagine if you couldn’t grow tomatoes at home just so the government can tax it and not allow you to be a self sufficient person.
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Bobcat Love's Sense of Shame
11/8/2023 7:47 AM
Possession, home cultivation, and retail sale now legal in Ohio.

Given 24 states now have legal marijuana, it's time for a federal law. There is still far too much ambiguity and it's far too complex for an industry legal in 24 states to operate. Additionally, employers need to understand how this impacts drug testing laws for jobs with federal oversight.
Last Edited: 11/8/2023 7:50:35 AM by Bobcat Love's Sense of Shame
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Pataskala
11/13/2023 9:47 PM
Bobcat Love's Sense of Shame wrote:expand_more
Possession, home cultivation, and retail sale now legal in Ohio.

Given 24 states now have legal marijuana, it's time for a federal law. There is still far too much ambiguity and it's far too complex for an industry legal in 24 states to operate. Additionally, employers need to understand how this impacts drug testing laws for jobs with federal oversight.
First thing they should do on the federal level is open the banking system to regulated pot growers. A lot of the crime associated with the industry involves the amount of cash stored at businesses because banks can't legally handle the cash. Many growers have been robbed because they can't make deposits at banks that are part of the federal system. A few credit unions and some smaller banks will take their business but they're not in every state and are often located too far away to be useful.
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BillyTheCat
11/14/2023 1:39 PM
Pataskala wrote:expand_more
Possession, home cultivation, and retail sale now legal in Ohio.

Given 24 states now have legal marijuana, it's time for a federal law. There is still far too much ambiguity and it's far too complex for an industry legal in 24 states to operate. Additionally, employers need to understand how this impacts drug testing laws for jobs with federal oversight.
First thing they should do on the federal level is open the banking system to regulated pot growers. A lot of the crime associated with the industry involves the amount of cash stored at businesses because banks can't legally handle the cash. Many growers have been robbed because they can't make deposits at banks that are part of the federal system. A few credit unions and some smaller banks will take their business but they're not in every state and are often located too far away to be useful.
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