When it comes to legalization of substances such as marijuana, there would be several changes made to the law along with changes made to the economy. For instance, what could be expected by states from legalization use of marijuana? Has there been any outward shock to the demand for marijuana? Has it been a long-term or short-term shock? With the changing laws in the US, let us go through the common assumptions that would see the scenario play out.

Increased demand for marijuana after legalization

A majority of economists would agree to legalization of marijuana. It would not be wrong to suggest that demand could increase in short-term with the penalties going down for people caught possessing marijuana. Moreover, it would be relatively easier to acquire marijuana. Both these aspects would suggest increased demand for short-term use.

It has been relatively harder to determine the outcome in the times to come. You cannot rule out the appeal marijuana makes to people on being illegal. It would not be wrong to state that people have the tendency to be attracted to forbidden fruit since the times of old. It might be possible that after marijuana became legal for a significant length of time, it would no longer be viewed as a cool thing, especially when it would make a considerable drop in the original demand.

However, despite the reduction in the cool aspect of marijuana availability, the demand might continue increasing for a wide number of aspects. These considerations would range from the study of medicinal use to availability along with enhancement in several businesses providing marijuana to people for recreational use.

The verdict of the experts

It may be one of the outcomes of marijuana legalization and increased demand for its use. However, these are but presumptions that cannot replace serious study and evidence. There may be chances that people may not have gone through the subject in detail. Nonetheless, it would be prudent to see what the experts have to say about it.

Most experts have been of the opinion that the demand for marijuana would increase after the legalization of the drug. However, the demand for the quantity of marijuana would be based on the price. Therefore, if there has been no increase in the price of legalized marijuana, there would be no increased demand for the drug. Yet another aspect advocating the increased demand for marijuana after legalization would be people resorting to marijuana from other harmful drugs.

There are several experts in the arena who are still uncertain about increased demand for marijuana after legalization.