The ways that money is gained illegally today is numerous. From drug dealers to hit men, these illegal money making opportunities are prevalent in influencing today’s economy and government. The most common illegal ways to gain money are through drugs, prostitution, theft (obviously), fraud, and piracy.
Drugs:
Most commonly sold and used drugs are:
-Cannabinoids (Marijuana, Hashish) Estimated Revenue in US: 10.5 billion-113 billion
-Opiates (Heroin, Opium) Estimated Revenue in US: $12 billion
-Stimulants (Cocaine, Amphetamines, Methamphetamines) Estimated Revenue in US: $60 Billion
-Club Drugs (MDMA, Roofies, GHB) Estimated Revenue in US: 10 Billion
-Hallucinogens (LSD, Peyote, Psilocybin) Estimated Revenue in US: 9 Billion
-Anabolic Steroids. Estimated Revenue in US: $20 million
Marijuana is one drug that is under a lot of controversy as it is decriminalized in a few states and is legal for medicinal uses in many states. If it was legalized and taxed the same as alcohol and cigarettes there would be massive gains as shown by Colorado earning $2 million in taxes from marijuana alone in the first month of it being illegalized so theoretically we could possibly gain $100 million a month over the whole country in taxes therefore improving our economy. Also, with legalization it would lower drug-related violence, especially with the cartel, the DEA could lower the amount of time and money they put in trying to control marijuana. They could also focus on more dangerous drugs and drugs that inspire aggression.
Economically, another problem with drugs is that the money is commonly transferred out of the US to other countries for the drugs causing there to be a loss of money in America. It can also cause tension with government...
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"Insurance Fraud Laws and Penalties | Criminal Law." CriminalDefenseLawyer.com. http://www.criminaldefenselawyer.com/crime-penalties/federal/Insurance-Fraud.htm (accessed May 19, 2014).
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Marijuana or cannabis, according to the Federal Government is considered dangerous and addictive and is, therefore, placed on the controlled substance list as a schedule 1 drug, making its use and possession illegal, as well it is considered one of the worst drugs. Other more harmful drugs such as cocaine are considered schedule II drugs, so according to the U.S Government cocaine is considered less hazardous than marijuana. There have been many studies conducted by scientist proving the benefits of medical marijuana in relieving chronic pain, nausea and a full array of other ailments. The benefits of legalizing marijuana far outweigh the bad. By allowing people to possess and use marijuana for medicinal purposes, we are improving society as a whole and increasing the happiness or utility of individuals who are living with debilitating conditions in turn this would create a happier society all around.
Making drugs illegal has wasted a vast amount of money, prison space, police time, and caused epidemics of violent crime.
There have been 20 million arrests since 1965 for the possession of marijuana, also known as cannabis. The amount of crime and arrests for possessions of the illicit drug has increased due to the prohibition. Cannabis was a major cash crop for the industrial production prior to its illegalization. It has been estimated that the United States spends approximately $7.7 billion each year to prohibit the use of marijuana alone. Currently the number of people incarcerated is six to ten times higher than European countries (NORML). Today the United States wastes billions of dollars to fight against the war on drugs, for the imprisonment of hundreds of thousands of people, and etc. It’s also brought a raise of violence and crime relating to the dealing and production of the drug. Marijuana should be legalized because its ban has been futile in preventing illicit production, regulating it would allow new development in medical treatments, and would give a boost to the economy. The illegalization of the drug has a much more negative impact then it does well, in fact it’s pushed drug cartels to produce more of the drug because of the high demand and the millions of dollars they’ll make from profits.
Our economic statue tells us that a supply rapidly grows up to meet a demand. But if the demand is widespread then suppression is useless. It is harmful to society because since by raising the price of the drug in question, it raises the profits of middlemen, which gives them an even more powerful drug to stimulate demand further. The vast profits to be made from cocaine and heroin, which would be cheap and easily affordable, even by the poorest in affluent societies if they were legal. Besides, it is well known the illegality in itself has attraction for youth already inclined to disaffection.
It is also very important for people to know about this topic because the issue is not only about drugs but also the growth of inequality between the rich and poor, black and white, upper class and lower class in this country. The war of drugs deals with issues about why they were passed through congress and if there were motives that deals connect directly to black communities. The issues where brought about in Dan Baum book entitled “Smoke and Mirrors” where John Erlichmann, the chief domestic affair advisor talk about how the Drug War fever has been escalated and manipulated from its modest beginnings at the start of the Nixon administration and clarifies the various interests which that escalation has served. He talks about the Drug War on “blacks” and “hippies” but politicians could not say that so had to say the War on “heroin” and “Marijuana”. He also said that “We knew drugs were not the health problem we were making it out to be, but there were political benefits to be gained." This shows that there is more to the war of drugs that the government is letting on.
Today, worldwide, there are several thousands of crimes being committed. Some don’t necessarily require a lethal weapon but are associated with various types of sophisticated fraud, this also known as a white-collar crime. These crimes involve a few different methods that take place within a business setting. While ethical business practices add money to the bottom line, unethical practices are ultimately leading to business failure and impacting the U.S. financially.
The legalization of marijuana would let loose the floodgates of free enterprise allowing capitalism to generate marijuana distribution and manufacture corporations which will generate billions upon billions of dollars. Marijuana, if legalized, will almost certainly be taxed by the federal government, generating cash-flow while still keeping prices reasonable. The price of marijuana would also drop exponentially, because the dangers of smuggling and police raids will be eliminated. Legalized marijuana would likely to legal to grow as well, but require some sort of permit, or license to distribute. Just like any other...
Marijuana is the cause of much commotion and debate, as the question of legalization becomes more of an issue. Drugs are a major influential force in countries all over the world today. Legalization is an option that has not had a chance, but really should be given one. Although many people feel that legalizing marijuana would increase the amount of drug use, legalization would benefit for the following reasons: 1)reduction of money spent on law enforcement 2)increase in the countries revenue 3)lessen crime 4)useful in treating certain medical conditions. Many feel today we are losing the war on drugs.
At the end of the day, the pros weigh out the cons; therefore legalizing marijuana is the way to go. Why not make something useful out of a small leafy plant, that can help out the sick or create money to help pave the roads towards better education. The drug smuggling rate in other states can also decrease, with the legalization of marijuana. Most importantly marijuana can help improve the economy in the United States. With the help of legalizing marijuana people who are sick can have more comfort, schools can have a better budget and the drug smuggling rate can
People should stop arguing about the use of marijuana and how marijuana is bad, because people only like to research the cons instead of including the pros. Despite the fact that people believe everything they hear, they should look up more and try to see how good marijuana can be for them. Marijuana is good for their health, and it has helped to cure people who are very ill. Marijuana is less harmful than tobacco or alcohol, there has been studies proven that people have died over drinking other than by smoking marijuana. Marijuana will be able to have less people prosecuted for the possession of carrying it around, which will help people not get arrested for a small amount of marijuana.
The war on drugs in our culture is a continuous action that is swiftly lessening our society. This has been going on for roughly 10-15 years and has yet to slow down in any way. Drugs continue to be a problem for the obvious reason that certain people abuse them in a way that can lead to ultimate harm on such a person. These drugs do not just consist of street drugs (marijuana, cocaine, ecstasy), but prescription medications as well. Although there are some instances where drugs are being used by subjects excessively, there has been medical research to prove that some of these drugs have made a successful impact on certain disorders and diseases.
Drug use has been an ongoing problem in our country for decades. The use of drugs has been the topic of many political controversies throughout many years. There has been arguments that are for legalizing drugs and the benefits associated with legalization. Also, there are some who are opposed to legalizing drugs and fear that it will create more problems than solve them. Conservatives and liberals often have different opinions for controversial topics such as “the war on drugs,” but it is necessary to analyze both sides in order to gain a full understanding of their beliefs and to decide in a change in policy is in order.
The legalization of marijuana has the potential to bring our economy back to life if it were to be legalized. There are a number of ways in which legalization could improve the economy. We could use the revenue from taxes on marijuana to provide a better quality of life for Americans in need. Legalizing marijuana would also save us money by cutting the cost of putting someone in jail for harmless marijuana-related charges that waste tax money. Also, it would put more money into circulation by keeping the profits off the black market and into the legal and taxed market.
There are excessive numbers of people who remain incarcerated for nonviolent crimes related to illegal marijuana use. Legalizing marijuana would allow these people to be released, opening jail space for the true criminals. Legalizing marijuana would free up law enforcement officers from focusing on illegal marijuana use and allow focus to be put on more serious crimes.
Money laundering is the routing of illegal profits from bank to bank to disguise its existence. The illegal profits are usually made through activities such as drug trafficking, prostitution rings, illegal arms sales, and various other things. Unfortunately money laundering is a serious crime that is still prevalent in the United States and other countries. The Russian mafia, the Triad or Chinese mafia, and the Columbian drug cartel are just a few of the groups that partake in money laundering. No one knows exactly how much money is laundered yearly but it is estimated to be about $100 billion in the United States. The United States is not the only country affected by these numbers. The estimated amount of laundering is 2% - 5% of the world’s GDP, between $600 billion and $1.5 trillion dollars annually. Although there are hundreds of ways in which to launder money, some are more lucrative than others. For example, the Black Market Peso exchange, gold, and digital cash are some of the more common ways to launder money. Making it harder to crack down on money laundering is the fact that many countries do not have money-laundering laws in place like the United States does. These other countries make it possible for this illegal activity to carry on, and are only hurting themselves because money laundering creates a direct negative effect on their economy. If these nations want to fight money laundering they will need to implement laws against it. Banks could be one of the most useful tools in stopping the laundering of money.