• Television Appearance

The Impact of Medical Marijuana

The impact of medical marijuana remains a hotly debated topic. Discoveries and advancements on potential medicinal applications abound. Similarly, the U.S. Food and Drug Administration (FDA) has even approved THC-based medications in pill form. But as a growing number of states have legalized marijuana for people with medical conditions, more data on the economic impact has also become. This has led to even more debate, not only in the general population but also in state legislatures.

Kansas Latest State on the Verge of Legalization

Kansas is one of only three states that has not legalized medical marijuana yet. The Kansas House of Representatives recently passed a bill which would change that. For instance, the new potential legislation would make it legal for 22 ailments. However, it would prohibit smoking or vaping the drug. In other words, Kansas would become the 48th state to legalize marijuana in some form. However, the bill must first pass in the Kansas Senate.

That’s not a bygone conclusion. While some feel legalization is inevitable, the Senate may not act this session. The situation has led to an increased interest in the potential outcomes. As a result, the local NBC affiliate KSN News reported on the potential impact on local businesses and the region’s economy.

On May 6, 2021, Dr. Ted Bolema, Executive Director of the Institute for the Study of Economic Growth (ISEG), was interviewed on air for KSN 3 TV News. Dr. Bolema spoke on air about the impact of medical marijuana sales. In addition, he saw the state as the big winner. In other words, they would be able to gain access to taxable revenue.

This is economic activity that was going on already. Now is being conducted in a realm where it is legal and taxed.

Dr. Theodore Bolema
Former Executive Director – Retired

Watch Dr. Bolema’s full appearance below or at KSN News.