“These results are consistent with those of numerous other studies showing that licensed cannabis businesses displace unregulated markets, limit youth access, and provide important improvements to local economies and to public safety.”
Tag: economics
Now is not the time for the cannabis community to rest on the laurels of its past successes or to presume that someone else is going to finish the job.
“Customers purchased an estimated $17.9 billion in cannabis products from legal retailers in 2020 – up from $10.7 billion in 2019.”
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.
“One unanticipated effect of the COVID-19 pandemic has been the growth acceleration of legal cannabis markets (and erosion of the illicit markets) in those states which have activated both medical and adult-use sales.”
A fiscal report issued by the state’s Auditor General estimates that taxing Pennsylvania’s existing retail cannabis market would yield $581 million in new annual revenue. “It is time for Pennsylvania to stop imagining the benefits of marijuana and realize them,” it concludes.
Over 300 economists have signed on to an open letter to the President, Congress, Governors,…
Ex-Drug Czar and lifelong (selective) prohibitionist William Bennett recently took to the mainstream blogosphere to…