Total Benefit
3,544,588 1,792,679
4,781,735 1,080,344
3,664,150 1,092,399
Costs Total marijuana related health costs Additional costs from Marijuana related accidents Total Costs Net Benefit
70,926
2,239
103,627
4,633
888,459
33,047
175256
5498
248,475
11,041
206,722
7,642
246,182
7,736
352,103
15,674
1,095,182
40,689
3,298,406 1,784,943
4,429,633 1,064,670
2,568,968 1,051,710
In terms of total costs and benefits, model 3 yielded the lowest benefit (BSD$4.76 million) followed by model 1 (BSD$5.34 million). The highest costs were estimated to occur under model 3 (BSD$1.14 million). Still, in all instance estimated benefits substantially outweighed estimated costs. See figure 10
Figure 10: Total Estimated Costs and Benefits, the Bahamas.
Barbados Barbados data allowed the estimation of only 3 benefits and two costs. The benefits include estimated marijuana-related excise revenues, costs averted from marijuana-related arrests and marijuana-related incarcerations. The costs estimates were marijuana-related external costs and marijuana-related vehicular accidents costs.
Table 5: Estimated Costs and Benefits, Barbados Benefits
Model 1:
Model 2:
103
Model 3: Full