In the USA the legalization of marijuana runs hand in hand with the country's economic growth. With the green industry, jobs, taxes and real estate sales increase.
This is what emerges from the new one analysis of the tenth district of the Federal Reserve Bank, which begins: "Since 2014, when Colorado became the first state to open stores selling recreational marijuana, many others have moved toward legalization. This expansion could continue in the years to come and further increase the economy of the Tenth District"
He continues, "Currently, employment in the marijuana industry constitutes a relatively small share, as new jobs contribute substantially to growth in total employment. For example - he explains clearly - Colorado issued approximately 38,000 professional licenses in the first four years after legalization. Over the same period, Colorado added a total of 280,000 new jobs across all sectors, suggesting that employment in the marijuana sector has contributed to the state's job growth."
Today, 37 states have legalized cannabis for medical use, 20 of which also allow recreational use. Furthermore, a few days ago, the President Joe Biden it definitely clarified the US position pardoning the condemned for federal cannabis crimes.
With marijuana, real estate is sold and the state's pockets are swelled
With the marijuana industry the sale of real estate has grown dramatically, inevitably stiffening real estate markets nationwide.
“Marijuana companies have been trying to snap up industrial and retail space, and some residential real estate agents have reported a increase in offers in cash. According to a 2019 survey conducted by the National Association of Realtors, 23% of real estate agents located in states that had legalized medical and recreational marijuana reported a reduction in residential inventories also due to cash purchases by the marijuana industry."
In addition to employment and real estate, marijuana has also influenced sales through sales state tax revenues. "Colorado, which has much higher total sales than the other states in the district, has approx 2.2 billion dollars in 2021."
The fact that Americans love smoking weed is certainly nothing new. But a recent survey even revealed that US citizens they prefer marijuana to tobacco.
| For further information: "USA, Americans prefer marijuana to tobacco"
