The War on Drugs is not something most Americans think is good for the USA. For example, the voters in California have passed an amendment in 2016 that legalizes the recreational use of marijuana. And this law came to effect on the first day of the year, making getting high for fun legal.
Soon after that an analysis by the BDS Analytics, that specializes in analyzing marijuana markets, has been released, showing what the potential results of this newly created industry of legalized cannabis will be. And their estimates sure are interesting.
Legal cannabis should generate 40 billion dollars and create more than 400 thousand jobs in the year 2021
The estimates are based on over 20.8 billion dollars generated by sales of cannabis to customers and indirect incomes for the farmer and many suppliers that the industry will need. In 2017 people have spent about 16 billion dollars for cannabis, which results in a 150% increase until 2017. BDS Analytics also assume that the legal cannabis industry will bring over 4 billion dollars in tax revenue in the next three years. The legalization should bring almost 100 thousand jobs to California, about one-third of jobs created because of legal cannabis in the U.S. If jobs created indirectly become part of the estimates then the estimates rise to about 146 thousand jobs.
California, the most populous state in the USA, became the largest market for legal cannabis in the world. The public is very happy about this move. Many stores have lines before them and the marijuana is being quickly sold out.
Upvoted and resteemed. Following you now. I share your interest in legal cannabis. Check out my post on how we can push for descheduling cannabis at the federal level. https://steemit.com/news/@choosefreedom/what-happened-to-the-marijuana-justice-act-of-2017
I'm very excited to see our moves forward to legalize cannabis in the USA. It's unfortunate that the Federal government isn't on board, but I am have to see the states turning. Even if it's one at a time.
What really interests me is that over 20% of the population of the US, can now smoke cannabis for recreation legally.
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Heya @scisteem great post!
Please drop a comment on my post and give permission for me to share this post on Marijanes Diary, currently supported by over 4000 members of the steemit cannabis community!
Thanks for sharing and looking forward to hearing from you.
https://steemit.com/cannabis/@bitminter/marijanes-diary-and-the-steemit-cannabis-community-continues-to-grow
Sure man, you can share this for sure ;)