Legalizing Marijuana Research Paper Example | Topics and Well Written Essays - 1500 words - 2

Legalizing Marijuana - Research Paper Example Marijuana use has over time been seen as a danger to society as a whole thus pushing for its prohibition and due to this, it has been included in the war against drugs. However, the benefits of medical marijuana, particularly its economic benefits are eye catching and if properly channeled can be beneficial to the society today. Marijuana is the most used illegal drug- a product of the hemp plant, cannabis sativa. Cannabis is an anal flowering herb with palmate compound leafs that are used in making marijuana. Marijuana has walked with history since then, with the first recorded use of cannabis dating back to 7,000B.C. The Chinese, Egyptians, Greeks and Romans used this drug for its medicinal values since it healed stomach ailments cramps and pain.(Caulking et al 35). This drug originated from Asia and speculations have it that Napoleons troops sneaked Marijuana into Europe after discovering there was more to it than medicinal value. The Mexican immigrants then helped spread this drug across America where it was introduced for medicinal purposes. The curious Americans discovered its recreational ability when alcohol was banned and prohibited. Once the federal government imposed a ban on alcohol, marijuana became an alternative and its usage soared. In the year 1930, the U.S government and the media both collaborated in demonizing marijuana sighting it as a devil with its roots in hell. This led to the prohibition of marijuana with the government and the liquor industry formulating a movie aimed at discouraging people from the use of marijuana (Dudley 105). It is evident that the propaganda emerging about marijuana were not well researched, causing tension among its users and the government. Instead, it created problems that were more serious. Small drug offenders filled prisons to overcrowding. Besides, alleviating the problem of overcrowding jails, if marijuana were legalized and properly regulated, its users would be

New Business Venture Essay Example | Topics and Well Written Essays - 750 words

New Business Venture - Essay Example In this case, it is advised to look in for a more structured form of finance rather than unstructured financing option like funds from relatives and friends. This is because structured finance has several advantages which funds from relatives may not have. 2. Decision Making: Moreover, just as in the case of "Gift Baskets", the fund giver has to be given a say in the decision making and strategic moves of the business. This may also result in delay in decision making. 3. Partnership: When one approaches a relative or friend for investment in the business, it is generally done by an offer of partnership. This means an additional person would be there to share the profits of the business. However, the other funding options do not require this. 4. No Expertise: The promoters of the business may be well aware of the industry and the market scenario. However, the relative who contributes to the business capital as an investment may not have similar expertise. This will result in hassles, when some necessary move is to be taken in the business and the relative does not agree with it. 5. Revelation of Secrets: The business happens to be the brain child of the promoters. A partner who can fund your business can as well take up your business idea and start his own business, if the matter is money. Banks are one of the known forms of funding the business financ... Let us now view a couple of structured funding options with their working and risks. Banks are one of the known forms of funding the business finance gap. However, banks are normally considered conservative lenders. One can avail long term loans for premises, machinery, furniture etc. with his choice of payment horizon or short term loans renewed per year for working capital with collateral of stock and book debts. Generally, banks prefer to fund the business on the creditworthiness of the promoter's future scope of the business and the value of the collateral. They also expect secondary collateral in the form of some asset like insurance policies, fixed deposits, land, building etc. Positives Funds happen to be less expensive Bank credit happens to build up reputation of the business A choice of variety of loans suiting business requirements. Integration is possible with other financial services No infringement in business decisions Risks Conservative covenants and condition Delay in sanction of loans Paper work and requirement of business paper fulfilling all laws High collateral or mortgage Venture Capital Venture capitalists look for funding businesses with good future prospects and have an aim of having good returns through capital appreciation. This requires a solid and clear business plan with a long term view. However, they would also intend to have certain rights of control over the business. But, it would be right to note that, it would be in the best interest of the business as they are typically intending to make good out of their investment so as to make the business flourish to give them returns on their investment. The positive side of this source of finance is the good amount of availability and the risk involved is that of