Say what you will about the morality of marijuana, now that 21 U.S. states — and the District of Columbia — have passed some type of pot-friendly legalization, selling weed is big business.
Medicinal and recreational pot sales could bring in ridonculous revenues and taxes. Colorado, for instance, is expecting an 18-month boost of more than $600 million, according to CNNMoney. The state of Washington is expecting $190 million in fees and taxes between 2015 and 2019, the Huffington Postreports.
And the emerging marijuanaconomy is creating new jobs.
Cannabusiness
The cannabis industry "is predicted to grow by 64 percent, to over $2 billion, in 2014," according to the pro-weed website High Times. "Reports also predict that 14 more states will likely legalize marijuana for adult recreational use by 2018, potentially creating upwards of a $10 billion marijuana industry in the United States." And a marijuana industry job site, 420 Careers, reports exponential demand for marijuana-related employment.
People waited for hours in lines at a recent marijuana job fair, according to Facebook posts.
Others see opportunities. "College students facing more costly tuition see employment opportunities in cultivation and distribution," says Josh Meisel, co-director of the Humboldt Institute for Interdisciplinary Marijuana Research and co-author of a new study of young people in Northern California — a region known for pot cultivation — College Students Working In The Marijuana Industry. "Though this is likely the first study to quantitatively describe the extent of student cannabis-related employment, I would expect that we would find similar, if not greater rates of student cannabis-related employment were we to replicate the study in states which have legalized cannabis."
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