Click to enlarge — Opening Day
Marijuana dispensaries characterize it as a bit of a gold rush: the sudden swarm of thousands of people from in and out of Colorado trying to get into the state’s new recreational marijuana industry…
Since retail sales of recreational marijuana began in January, the state has seen a small boom in jobs. The Marijuana Industry Group estimates there are currently about 10,000 people directly involved with marijuana, with 1,000 to 2,000 joining in the past few months and more expected as high demand for recreational marijuana continues. MIG says it’s hard to separate how many of those 10,000 jobs are tied to recreational marijuana and which are exclusively on the medical side, but at least a few thousand jobs came during and after the preparation and start of recreational sales.
The estimate…doesn’t include other groups indirectly involved in the industry, including construction workers, accountants, plumbers, electricians, and attorneys. And it leaves out restaurants and other businesses who might benefit from out-of-state visitors going into Colorado to try out legal marijuana.
The marijuana industry doesn’t expect its growth to slow any time soon. And there’s good reason for that: at least during the first three months of retail sales, marijuana revenue grew from $14 million a month to $19 million a month…
A 2010 paper from the Cato Institute found legalizing marijuana would net all levels of the government $17.4 billion annually. Half of that would come from reduced spending, particularly for drug enforcement. The other $8.7 billion would come from taxing marijuana like alcohol and tobacco.
RTFA for individual success stories. Don’t hold your breath waiting for major media outlets to catch up to reality until the whole nation is on board, federal politicians start playing catch-up and the pope drops in to split a joint with Obama at a Denver ballpark.
Optimism works at the grassroots level. It takes a lot longer for our leaders to get on board.