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MMGA Study Finds That 1,400 New Jobs Created in State of Montana
BOZEMAN, MT--(Marketwire - January 18, 2011) - The Montana Medical Growers Association in conjunction with Outlaw Hill Health and Sustainability Institute, LLC and Solutions for Montana conducted an economic impact study focusing on the ways that the medical cannabis industry has uniquely benefitted the economy of State of Montana.
The creation of a professional medical cannabis industry was not the intention when Initiative 148 was passed by a 62% majority in 2004. Legislation often has unintended consequences, while often those consequences are negative, in this instance it has had very positive, albeit unintended, consequences.
The study, initiated at the end of December, surveyed some of the 4,800 registered caregivers in the State regarding their expenses and employment opportunities. The study was performed utilizing licensed, registered caregivers with between ten (10) and 350 patients and carried a standard deviation of +/- 5. The majority of respondents indicated a division of businesses which is unlike any other state who has instituted medical cannabis use. Patients are served by smaller caregivers who offer specialized service in addition to store front locations giving patients access to a wider selection of medicinal products. The small business economic impact study confirmed that throughout the State, small businesses supporting the medical cannabis industry have also been expanding into new facilities, hiring more employees and paying more taxes. Companies such as utilities have also seen a boom in revenue.
Key results of this study revealed:
* Conservative estimates of 1,400 new jobs have been created (not including exclusive family businesses)
* Approximately 70% of employees were previously unemployed
* 56% of caregivers provide free or discounted meds to their economically challenged patients
* On average, 76% of monthly expenses are spent in local communities and 94% of all expenses are spent in Montana
Extrapolating data for the over 27,000 registered patients:
* It is estimated that the medical cannabis industry generates approximately $8,100,000 annually in power expenses
* Another estimated $4,212,000 is spent annually on expenses for other utilities and growing expenses.
The Montana Medical Growers Association represents both licensed patients and caregivers in Montana assuring that the interests of all involved in the industry are protected. The mission of the Association is to provide a voice for medical marijuana cultivators, support superior patient care and product quality, and promote the lawful and ethical conduct of our members.
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