U.S. Marijuana Will Be a $44 Billion Biz by 2020
According to new data released by Marijuana Business Daily, if current business and legalization trends continue, the U.S. cannabis industry will pump up to $44 billion into the country’s economy by 2020. Finance points out that these figures are not simply the sales of marijuana; they incorporate the sales, plus other money pumped into the economy as a direct result of sales. “The estimates attempt to capture the industry’s overall contribution to the economy, encompassing everything from revenues generated by cannabis-related companies, licensing fees and taxes to marijuana tourism, employee spending, job creation and the impact on real estate prices in a community,” Marijuana Business Daily explained in its report.
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