The Economic Impact of Cannabis
When a state allows the sale of medical and/or adult-cannabis, its economy benefits. That’s the conclusion numerous researchers have made after analyzing a number of economic factors over the past several years.
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When a state allows the sale of medical and/or adult-cannabis, its economy benefits. That’s the conclusion numerous researchers have made after analyzing a number of economic factors over the past several years.
There is no doubt that one of the biggest factors allowing the cannabis black market to continue to thrive in many states is the high price of legal cannabis, and one of the main reasons cannabis products sold at licensed dispensaries and retailers are so expensive is taxes.v
In the state of Washington, marijuana sales are growing faster than ever. During July, Washington collected a record-setting $23.5 million in excise taxes. That’s a 17.5% increase from the $20 million collected in June.