A new research has proven that the decision of many states to approve medical marijuana is beneficial for baby boomers in retirement. The productivity and the hours worked per week by the individuals increased after marijuana was legalized as the health of the people was better. This change did not prove very beneficial for the women.
The Research on Medical Marijuana’s Benefits for Baby Boomers in Retirement
The research that showed a positive impact of medical marijuana on workers was conducted by the researchers of Johns Hopkins and Temple University. It examined the key effects of the Marijuana laws. It tried to find out that what exactly happened in the states that approve the use of medical marijuana before and after the medical pot provisions were implemented. It was then compared with the trajectories in similar states who have not given a green signal to the use of medical marijuana. The data was from the Health and Retirement study which is a very long-running survey of health and economic well-being of the older Americans.
The study found that passage of the medical marijuana law benefitted those who are 50 years or older. It showed a 9.4 percent boost in the probability of employment. It also discovered about 4.6 percent to 4.9 percent increase in the hours worked by a person on a per week basis.
The core reason behind the increased productivity was that the overall health of the subjects improved in the states that adopted medical marijuana as compared to the states that have not done so. Older men in the marijuana approved states were more likely to admit that they were in excellent or at least very good shape in the states which adopted marijuana. The use of marijuana helped older men to attain about 10 percent drop in their pain levels which boosted their overall health.
Impact on Women
The research also found out that though medical marijuana is a boon for baby boomers in retirement, it might be restricted to men only. Women’s probability of reporting pain in the full sample increased by 1.3 percent after the marijuana was legalized. But they benefitted some too. Older women were around 5 percent more likely to report that they were in excellent or very good health after the medical marijuana was legalized in some of the US states.