“Customers purchased an estimated $17.9 billion in cannabis products from legal retailers in 2020 – up from $10.7 billion in 2019.”
Category: ECONOMICS
Sales of adult-use cannabis products in Illinois rose over 20 percent in July to reach a record high.
The analysis projects as many as 295,000 marijuana-related jobs by the close of 2020 – a total that is slightly higher than the total number of computer programmers working in the United States.
“If cannabis industry jobs were tallied like other jobs, legal cannabis would be acknowledged as the fastest growing industry in America.”
A.1617, the Marijuana Regulation and Taxation Act (MRTA), has been re-introduced this legislative session. The bill would legalize the adult possession, use, and regulated sale of marijuana.
The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses.
With marijuana sales in Colorado topping $1 billion, local and state officials are making the most of marijuana tax dollars by reinvesting in public education and funding local projects.
We as advocates of marijuana law reforms have never been in a better position than we are today to further our cause. We no longer have to speculate about the potential impacts marijuana legalization will have on public health and safety, and other areas of concern. We can now depend on facts and data to further our efforts to end marijuana prohibition.