How Legalizing Marijuana Benefits the Economy
64 percent of Americans support legalization of marijuana leading to higher profits for businesses. Statistics show this is influencing the economy in a good way. More job opportunities are arising from processing, production, growth, packaging and sales. This provides many jobs to thousands of people.
Tourism also has increased by 49 percent in the United States with legalized marijuana, offering further benefits to local economies. A report from Arcview Market Research and BDS Analytics states that legal marijuana sales exploded to $9.7 billion in North America in 2017 and predicts that legal marijuana will reach $24.5 billion in sales in 2021. These statistics show the importance of how marijuana legalization can influence the economy in a good way. Tourism is one of the driving factors of the economic market. Legalization of marijuana will tempt more people to visit places where it is legal, offering benefits to the local economy. Furthermore, the legal cannabis industry is responsible for the creation of nearly 150,000 new full-time jobs, according to leafly.com.
Legalized Marijuana Benefits Economy