If you ever wanted to have a helping hand in boosting the economy, it is as simple as buying marijuana. According to the Marijuana Business Daily’s recently released 2015 factbook, for every $1 of legally purchased cannabis and additional $2.60 of economic value enters the U.S. economy.
That does not involve paraphernalia or consumer media that is still evident regardless of cannabis rules sand regulations. However, it encompasses businesses that rely on legalization: testing labs, growers, and companies distributing specialist goods and/or services to marijuana shops, such as sale to seed software and security services.
With the District of Columbia and the other 23 states that have legalized medical marijuana among those states, Washington, Oregon, Alaska, and Colorado have as well have legalized marijuana for recreational use. The cannabis industry in its entirety is projected to bring in $11 billion in gross national product for 2015, which potentially can expand to between $23 and $29 billion by 2019. With just medical marijuana sales alone dispensaries are projected to make $8 billion in 2019.
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The Growth of The Marijuana Industry
