outputs are therefore meant to provide a sense of the potential impact, on selected areas, of the proposed adjustment to the legal framework regarding marijuana in the region. As noted above, since there is no known specific proposal for the legalization/decriminalization of marijuana at the level of CARICOM, the use of models/models was necessary. Three models/models of legalization/decriminalization were examined, with 2018 being the base year and year of implementation, here assigned as year zero. The potential effects on the various variables in year one (2019) and year two (2020)255 after the implementation of the legislative changes, were analyzed. The data gathered were used together with the experiences found in the literature to estimate the potential effects of the possible legislative change to the marijuana legal framework, in the selected countries. The results of previous studies, such as those of Manning et al 1989 who estimated the cost of accidents and external costs relating to marijuana use, served as valuable inputs into this process. Moreover, in instances where these estimates were produced in years prior to the study period, the figures were adjusted, using the inflation, to reflect today’s prices.
Benefits
Averted lost wages from marijuana possession arrests and incarcerations (EC$) Cost averted by police marijuana possession arrests(EC$) Cost averted by the prison from marijuana incarcerations (EC$) Cost averted by the polies for marijuana cultivation arrests (EC$) Additional Revenues from marijuana-related license fees (EC$) Estimated additional Excise revenues from marijuana Estimated Revenues additional from charges for 255
Model 1: Decriminalization of Marijuana Use, with Supply Remaining Illegal 2019 2020
Model 2: Full Legalization of Marijuana Production, Sale and Use, with State Control 2019 2020
Model 3: Full Legalization of Marijuana Production Sale and Use within a Competitive Market System 2019 2020
517,902
338,418
1,450,125
91,204
1,067,654
113,201
527,267
86,134
1,476,347
211,029
1,086,960
196,099
311,531
203,567
872,287
54,861
642,221
68,093
-
-
325,966
45,256
239,993
60,447
92,099
104,822
95,250
114,300
63,401
70,651
62,094
68,222
317,475
469,863
These years were chosen strictly for analysis proposes.
98