Latest news in Cannabis.

Report: Colorado weed is now a behemoth with a $2.4 billion economic impact – The Denver Post

  • Colorado’s government was the first on Earth to allow legal sales of marijuana to adults for recreational use, and plenty of eyes from outside its borders have closely observed this experiment unfold.
  • The cannabis industry, the fastest-growing business sector in the state, also is credited with funding 18,005 direct and ancillary full-time jobs in 2015, according to the report from the Marijuana Policy Group , a Denver-based economic and market research firm that consults with businesses and governments on marijuana policy.
  • Alicia Wallace joined The Cannabist in July 2016, covering national marijuana policy and business.
  • Denver’s Office of Marijuana Policy should do more to track the use of recreational marijuana tax revenue and improve its public presence, according to a report released Thursday by the city’s auditor that takes a hard look at the 2-year-old agency.
  • “By legalizing, the state has gained a windfall more or less for free,” said Miles Light, one of the report’s authors.

Colorado’s burgeoning legal marijuana industry has quickly made gains on the state’s largest industries — including the mighty oil-and-gas sector — and contributed an economic impact of $2.39 billion in 2015, according to research released Tuesday.

@THEMMEXCHANGE: Report: Colorado marijuana is now a behemoth with a $2.4 billion economic impact

#MME #cannabis #marijuana #CO

Colorado’s burgeoning legal marijuana industry has quickly made gains on the state’s largest industries — including the mighty oil-and-gas sector — and contributed an economic impact of $2.39 billion in 2015, according to research released Tuesday.

The cannabis industry, the fastest-growing business sector in the state, also is credited with funding 18,005 direct and ancillary full-time jobs in 2015, according to the report from the Marijuana Policy Group, a Denver-based economic and market research firm that consults with businesses and governments on marijuana policy.

MPG, which was founded by researchers from BBC Research & Consulting and the University of Colorado but is unaffiliated with those entities, developed a “marijuana impact model” to show how legalization affects the state economy in the areas of output, tax revenue, GDP and employment.

MPG self-funded the report.

“By legalizing, the state has gained a windfall more or less for free,” said Miles Light, one of the report’s authors.

Report: Colorado weed is now a behemoth with a $2.4 billion economic impact – The Denver Post

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