Gen Y Getting High (And Why It’s Not That Big a Deal)

Millennials are leading the charge on the legalization of marijuana. 65% of Millennials ages 18-29 favor the legalization of pot and 27% of those younger than 30 have used marijuana in the past year, triple the amount of any other generation. Boomers and Xers smoked weed as well, so how did this generation come to be at the forefront of changing the perception and dialogue around marijuana use?
 
The Gateway Myth: In contrast to cigarettes and hard drugs, which have been consistently villainized as Millennials have grown up, information on whether pot is actually bad for them has been unreliable at best. This generation was told that marijuana is the gateway drug, but increased transparency of government policies through the accessibility of information has convinced Millennials that “the D.A.R.E. program is a joke.” As they’ve gotten older, it’s become clear that not all pot users are on a slippery slope to rehab, and for some pot feels like a “healthy alternative” to alcohol and hard drugs. There is little evidence to prove otherwise. Despite sanctioned dispensaries in some states, marijuana remains in the category of heroin, ecstasy and LSD by Federal standards, influencing the lack of research surrounding the substance. But with cultural trends toward more lenient policies and an increase in the drug’s accessibility, the NIH has provided Drexel University a grant for a five-year study to examine “medical marijuana and its impact on drug use and physical and psychological health among young adults” aged 18-26 in the Los Angeles area. Previous studies have begun to uncover links between cannabis and the increased risk of stroke in young adults, as well as a drop in IQ points over time, but the evidence is still unclear as variations in weed are too hard to measure. Unless some…

 
 

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The Newsfeed

Quote of the Day: “My 2017 resolution is to improve my dog's confidence- She's somewhat fearful.”—Female, 28, PA

At some malls, teens “have worn our their welcome.” Cases of teens banding together on social media and going to malls to create chaos have reportedly been increasing over recent years. To avoid giving consumers another reason to shop online, some shopping centers—105 in the U.S. according to the International Council of Shopping Centers—have responded by imposing curfews and bans on the young consumers. The legality of such restrictions has been called to question, with the ACLU working to fight discrimination at play. (LA Times)

Millennial parents are getting by with a little—ok, maybe a lot—of help from their own parents. A TD Ameritrade survey has found that 19-37-year-olds who have kids get $11,000 on average from their parents through financial support or unpaid labor, and more than half get assistance through childcare or housekeeping weekly. But the assistance isn’t one-sided: three-quarters of 50-70-year-olds with Millennial children say they’re glad to help, and four in ten Millennials say they help their parents too, with an average of $2000 in 2016. (USA TODAYBusiness Wire)

The NFL is looking outside their traditional playbook to reach young fans. The league has partnered with AwesomenessTV for In The NFL, a new series that “lifts the curtain” to give a behind-the-scenes look at the sport. Since "a 17-year-old girl doesn't want to watch the same content as her mom or her dad,” some episodes have a young female focus, with one starring YouTube stars the Merrell twins taking a tour of a stadium, and another featuring one of the few female owners in the NFL, Kim Pegula, offering career tips to young women. (Adweek)

Can the future generation of shoppers save brick-and-mortar retail? Maybe. A new IBM and National Retail Federation study has revealed that 67% of 13-21-year-olds shop in-store most of the time, while another 31% occasionally buy from them. One analyst notes that their desire for “hands-on experience” is setting their preferences, but lack of credit cards and life stage are also likely forces deterring them from online shopping—and we predict that if fintech solutions are developed with teens in mind it could be a fatal blow for physical teen retailers. (RackedBusiness Wire

The sharing economy may be impacting Millennial spending. Research by Hammerson and retail consultant Verdict found that more than half of Millennials used a sharing economy business like Uber or Airbnb in the last year, compared to 16.2% of those over 35-years-old. Nearly a quarter of Millennials say they aren’t concerned about home ownership and would be content with renting for the rest of their lives, and when compared to those over 35-year-olds, they're two times more likely to agree that there are some products they don’t need to own and would prefer to rent. (Forbes

Quote of the Day: “My 2017 resolution is to live my life the way Carrie Fisher would have wanted me to.”—Female, 21, TX

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