Report: Legal Cannabis Industry Created Over 18,000 Full-Time Jobs in Colorado Last Year

Full-Time JobsAccording to a new report released by the Marijuana Policy Group, there were over 18,000 new full-time-equivalent jobs created by the legal cannabis industry in Colorado in 2015 alone. According to the report, titled Economic Impact of Marijuana Legalization in Colorado, the cannabis industry generated $2.39 billion in primary and secondary business revenue last year.

“The Marijuana Policy Group (MPG) has constructed a new model that accurately integrates the legal marijuana industry into Colorado’s overall economy. It is called the “Marijuana Impact Model””, the report states. “Using this model, the MPG finds that legal marijuana activities generated $2.39 billion in state output, and created 18,005 Full-Time-Equivalent (FTE) positions in 2015”.

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Study: Nevada Would Earn $460 Million In Taxes from Cannabis Tourism in Initial Years of Legalization

marijuana-legalizationIf Nevada voters legalize recreational cannabis this November, the state would see an estimated tax revenue of $464 million from cannabis tourism from 2018 to 2024.

The Initiative to Tax and Regulate Marijuana will be voted on this November as Question 2. If passed into law, it will legalize the possession of up to an ounce of cannabis, as well as the personal cultivation of up to six cannabis plants, for those 21 and older. Cannabis retail outlets – supplied by licensed cultivation centers – will also be legalized.

Read moreStudy: Nevada Would Earn $460 Million In Taxes from Cannabis Tourism in Initial Years of Legalization