![Page 1: “Legalize It” · Contact us: 01-4485500; 0700-34778-2668228 / firstcontact@firstbanknigeria.com / complaints@firstbanknigeria.com / RC 6290 . it's not about falling .,it's about](https://reader035.vdocuments.mx/reader035/viewer/2022081409/6073ad3c24ce28158d41bb55/html5/thumbnails/1.jpg)
“ L e g a l i z e I t ”
![Page 2: “Legalize It” · Contact us: 01-4485500; 0700-34778-2668228 / firstcontact@firstbanknigeria.com / complaints@firstbanknigeria.com / RC 6290 . it's not about falling .,it's about](https://reader035.vdocuments.mx/reader035/viewer/2022081409/6073ad3c24ce28158d41bb55/html5/thumbnails/2.jpg)
Marijuana - Nigeria’s New Crude Oil?2
25.523
4.63
0.50
5
10
15
20
25
30
Oil Diaspora LNG Cocoa
Nigeria's Exports & Receipts ($’bn)
Oil = 48.1%
Diaspora = 43.3%
LNG = 8.73%
Cocoa = 1%
![Page 3: “Legalize It” · Contact us: 01-4485500; 0700-34778-2668228 / firstcontact@firstbanknigeria.com / complaints@firstbanknigeria.com / RC 6290 . it's not about falling .,it's about](https://reader035.vdocuments.mx/reader035/viewer/2022081409/6073ad3c24ce28158d41bb55/html5/thumbnails/3.jpg)
Global Legal Marijuana Market
Market Size = $22bn (will reach $73bn in 2027)
Structure = Oligopoly (many buyers, few sellers)
Uses: Legitimate & Leisure
![Page 4: “Legalize It” · Contact us: 01-4485500; 0700-34778-2668228 / firstcontact@firstbanknigeria.com / complaints@firstbanknigeria.com / RC 6290 . it's not about falling .,it's about](https://reader035.vdocuments.mx/reader035/viewer/2022081409/6073ad3c24ce28158d41bb55/html5/thumbnails/4.jpg)
![Page 5: “Legalize It” · Contact us: 01-4485500; 0700-34778-2668228 / firstcontact@firstbanknigeria.com / complaints@firstbanknigeria.com / RC 6290 . it's not about falling .,it's about](https://reader035.vdocuments.mx/reader035/viewer/2022081409/6073ad3c24ce28158d41bb55/html5/thumbnails/5.jpg)
Marijuana – A Multipurpose Drug5
Medical treatment:
Chronic pain – 71%Mental disorder – 29%
Leisure driven
Leading to addiction in most cases
![Page 6: “Legalize It” · Contact us: 01-4485500; 0700-34778-2668228 / firstcontact@firstbanknigeria.com / complaints@firstbanknigeria.com / RC 6290 . it's not about falling .,it's about](https://reader035.vdocuments.mx/reader035/viewer/2022081409/6073ad3c24ce28158d41bb55/html5/thumbnails/6.jpg)
History of Prohibition6
Whiskey
Gambling
Narcotics
Prostitution
Loan sharking
⁼
•Higher premium
•Organized crime
supported by Cosa Nostra
•Encourages violence
(Noriega of Panama)
![Page 7: “Legalize It” · Contact us: 01-4485500; 0700-34778-2668228 / firstcontact@firstbanknigeria.com / complaints@firstbanknigeria.com / RC 6290 . it's not about falling .,it's about](https://reader035.vdocuments.mx/reader035/viewer/2022081409/6073ad3c24ce28158d41bb55/html5/thumbnails/7.jpg)
![Page 8: “Legalize It” · Contact us: 01-4485500; 0700-34778-2668228 / firstcontact@firstbanknigeria.com / complaints@firstbanknigeria.com / RC 6290 . it's not about falling .,it's about](https://reader035.vdocuments.mx/reader035/viewer/2022081409/6073ad3c24ce28158d41bb55/html5/thumbnails/8.jpg)
Pros & Cons of Marijuana LegalizationPros
Medical benefits
Illegal trade encourages
crime and violence Cons
The addiction problem:
Abusive use
Regular use can lead to the
use of harder drugs such as
heroin
![Page 9: “Legalize It” · Contact us: 01-4485500; 0700-34778-2668228 / firstcontact@firstbanknigeria.com / complaints@firstbanknigeria.com / RC 6290 . it's not about falling .,it's about](https://reader035.vdocuments.mx/reader035/viewer/2022081409/6073ad3c24ce28158d41bb55/html5/thumbnails/9.jpg)