The regulated cannabis industry has proven to be a key driver of tax revenue generation in states that have legalized adult-use cannabis. By setting modest tax rates on regulated cannabis sales at the state and local levels, policymakers have managed to unlock a substantial source of new tax revenue that can be dedicated to public […]
The legalization of medical and adult-use marijuana is giving rise to a multi-billion dollar industry that is driving economic growth across the U.S. According to Arcview Market Research and BDS Analytics, the regulated cannabis industry in the U.S. is projected to generate $23.4 billion in annual sales by 2022. That means more job creation, tax […]
By shifting the production, sale, and consumption of marijuana from the illicit market to a regulated system, legalization has the potential to make marijuana less accessible to youth. A growing body of research indicates that the adoption of medical and adult-use marijuana laws decreases youth marijuana usage rates. According to a February 2019 study published […]
Medical marijuana laws have provided patients with an alternative to opioids for conditions as varied as chronic pain and PTSD. Given the severity of America’s opioid epidemic, researchers have increasingly studied the impact of medical marijuana laws on opioid prescription rates, hospitalizations, and deaths. Overall, researchers have identified strong associations between the passage of medical […]
Patients and other consumers do not have the access promised by Prop. 64. There are vast areas of the state that are essentially “cannabis deserts” where patients and purchasers have to drive long distances to secure medicine and products. This is particularly alarming given that legal dispensaries are intended to replace the medical marijuana collectives […]
The passage of medical and adult-use cannabis laws gives rise to an entirely new industry that creates jobs in occupations as varied as management, cultivation, manufacturing, and retail. Each year, regulated cannabis businesses add tens of thousands of new jobs to the U.S. economy, and as legalization expands, the industry will have a growing impact […]
The passage of medical and adult-use cannabis laws gives rise to an entirely new industry that creates tens of thousands of jobs in occupations as varied as management, cultivation, manufacturing, and retail. According to Arcview Market Research and BDS Analytics, the U.S. cannabis industry directly employed 120,000 workers in 2017 — more than double the […]
The passage of medical and adult-use cannabis laws gives rise to an entirely new industry that creates jobs in occupations as varied as management, cultivation, manufacturing, and retail. Each year, regulated cannabis businesses add tens of thousands of new jobs to the U.S. economy, and as legalization expands, the industry will have a growing impact […]
Medical marijuana laws have provided patients with an alternative to opioids for conditions as varied as chronic pain and PTSD. Given the severity of America’s opioid epidemic, researchers have increasingly studied the impact of medical marijuana laws on opioid prescription rates, hospitalizations, and deaths. Overall, researchers have identified strong associations between the passage of medical […]
A primary motivation for legalizing cannabis is the positive economic impact that this industry has on job creation, business development, community reinvestment, and tax revenue generation. While media coverage often highlights the eye-popping multi-million dollar cannabis tax revenue figures coming out of states like Washington and Oregon, a growing body of research is uncovering another […]