Guyana In the case of Guyana, the available data was sufficient to enable the estimation of 6 potential benefits and 2 potential costs of the possible change of the legislative framework for marijuana in the region. These benefits include savings from marijuana-related possession arrests, incarcerations, and police activities, as well as estimates of the potential revenues that may be collected from marijuana possession fines in lieu of arrests, excise revenues from marijuana sales and activities licensing. The potential costs include marijuana-related external costs and vehicular accidents. Table 3 shows that across the three models, total savings from less marijuana-related incarcerations ranged between GYD$93 million for model 2 in year two and GYD$ 846 million also in model 2, year 1.
Model 2:
Benefits
Total savings from reduced marijuanarelated activities Total Savings from incarcerations Revenue from marijuana possession fine Total marijuana related licenses
Model 1: Decriminalization` of Marijuana Use, with Supply Remaining Illegal
Full Legalization of Marijuana Production, Sale and Use, with State Control
Model 3: Full Legalization of Marijuana Production Sale and Use within a Competitive Market System
2019
2020
2019
2020
2019
2020
30,385,800
18,231,480
121543200
6077160
136736100
1519290
302,131,398
193,364,095
845967914.4
93056470.6
622843877
156876577
193,865
224,883
656,916
7,883
712,800
22,810
100