Analysis on New Drug Policies in Hong Kong - 1555 Words

Analysis on New Drug Policies: The drug policy in Hong Kong is a complete ban on drugs. While some statistics have shown lesser drug use in recent years, its probably due to more hidden use. (CSD FA1. Given the recent study showing the loss of productivity from incarceration, we shall analyze new policies towards drug use especially the proposed legislation involving legalization of Marijuana. Effects of proposed scheme of Legalization of Marijuana: Economic: Taxation of Marijuana are regulation. This would provide extra income for government. However, if the tax is too high, than given the difference between production costs and the price in the legal market, smuggling may continue, as with the situation of smuggled cigarettes in Hong Kong where one in three is illicit(Ngo Jennifer). Hong Kong on bans smoking in indoor public areas, however the tax on cigarettes is very heavy, this in turn encourage vast amounts of smuggled cigarettes in Hong Kong. If the same were to happen to Marijuana, than that would defeat the purpose of regularizing it, neither preventing the profiting of the criminal organizations, nor taking them from hands of the young. Neither would the cost of incarceration from drug related crimes diminish significantly, as illegal Marijuana must still be prosecuted. Calculation of cost to society cannot be measured simply by dollars spent on prosecution or loss of productivity from jailing. What the effects of legalization would depend on the elasticity ofShow MoreRelatedInternational Marketing: Case Study of Sony Corporation2556 Words   |  10 PagesCorporation is one of the leading global companies in the IT industry, creating products such as television sets, video games, telephones and so on. Currently, the company is assessing its position in Hong Kong in an effort to identify the success chances of its DSLR camera. 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