The analysis reported, “Between April 2017 and April 2021, property values rose $17,113 more in states where recreational marijuana is legal, compared to states where marijuana is illegal or limited to medicinal use.”
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Category: ECONOMICS
US House Passes Bill To Normalize Adult-Use Cannabis Commerce
Members of the House of Representatives voted today in favor of a stand-alone piece of legislation, The SAFE Banking Act, to remedy the ongoing inconsistencies between state and federal marijuana laws.
The post US House Passes Bill To Normalize Adult-U…
Report: Legal Marijuana Industry Employs Over 321,000 Full-Time Workers
“In the United States there are more legal cannabis workers than electrical engineers. There are more legal cannabis workers than EMTs and paramedics. There are more than twice as many legal cannabis workers as dentists.”
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Legal Marijuana Sales Spiked Dramatically in 2020
“Customers purchased an estimated $17.9 billion in cannabis products from legal retailers in 2020 – up from $10.7 billion in 2019.”
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Illinois: Retail Cannabis Sales Surge Over 20 Percent Month-Over-Month
Sales of adult-use cannabis products in Illinois rose over 20 percent in July to reach a record high.
The post Illinois: Retail Cannabis Sales Surge Over 20 Percent Month-Over-Month appeared first on NORML.
State-Legal Marijuana Industry to Employ Nearly 300,000 Workers by Year’s End
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.
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States Experience Record Surge in Retail Marijuana Sales
“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.”
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Report: Legal Marijuana Industry Employs Over 240,000 Full-Time Workers
“If cannabis industry jobs were tallied like other jobs, legal cannabis would be acknowledged as the fastest growing industry in America.”
Report: Legal Marijuana Industry Employs Over 240,000 Full-Time Workers
“If cannabis industry jobs were tallied like other jobs, legal cannabis would be acknowledged as the fastest growing industry in America.”
New York: the Marijuana Regulation and Taxation Act (MRTA)
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. Over the past twenty years, many New Yorkers have been negatively affected by the harms of prohibition in New York. With people of color accounting for nearly 85% of those arrested annually, the MRTA directs the benefits of taxing and regulating marijuana to these communities. Because structural racism is ingrained in marijuana prohibition, it’s important that the MRTA both ends marijuana prohibition and promotes racial justice. Significant steps are taken in the amended MRTA to ensure racial justice and a small business-friendly industry, including: Creating a micro-licensing structure, similar to New York’s rapidly…