17 Jun WHAT WILL HAPPEN TO EXISTING SUPPLY AVENUES?
Topic: Marijuana
There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for recreational purposes. Looking only at the economic impact (not moral implications) of such changes in the laws, discuss how the existing system of supply and demand for illegal marijuana will be changed with the new legalization.
a. What will happen to existing supply avenues?
b. Will legalization significantly change demand? How?
c. Would one expect prices to change significantly? How?
d. What would be the costs and benefits to governments, both in changes in enforcement requirements and in potential tax revenue?
Quality (40%) of your post will be measured on the following criteria:
? All assigned Discussion topics were answered completely
? Posts were on topic and unique in content
? All posts demonstrated knowledge of the topic with adequate rationale and support provided Score
No quality criteria were met.
(0 points) One criterion was met.
(8 points) Two criteria were met.
(24 points) Criteria were fully met.
(40 points)
____ pts.
Participation Guidelines (30%) will be measured on the following criteria:
? Initial post no later than Saturday, 11:59 p.m. ET
? Posts made to each Discussion topic on at least 3 different days
? The original post to be no less than 100 words
No participation
criteria met.
(0 points) One criterion was
met.
(6 points) Two criteria were
met.
(18 points) Criteria were fully
met.
(30 points)
____ pts.
Clarity and Organization of Writing (20%) of your post will be measured on the following criteria:
? Posts were presented in an organized and logical argument composed of a minimum of two complete paragraphs
? No spelling or grammatical errors
? References were used and cited properly
Criteria were not
met at all.
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