Tuesday, May 22, 2018

How much potential does cannabis have for America? More than 150,000 jobs and billions in tax revenue in just first five years

One of the more disturbing things in President Trump's attempts to lower the trade deficit is the fact that America today has very little to offer the rest of the world.  And sadly as well, much of what they do have can be made and produced cheaper in other places around the globe.

Yet there is one industry that could change all that, and according to new statistics out on May 22 involving the fledgling cannabis industry, in the five years since legalization went mainstream in the states of Colorado and Washington, the U.S. has seen a boost of over 150,000 new jobs created, and billions of dollars in tax revenues provided to the states.

And this has occurred when the Federal government is still fighting against its full legalization, and a number of states have yet to approve its production and consumption.

125,000-160,000 people work full-time in the legal marijuana industry according to Chris Walsh, industry analyst and Editorial Vice President of MJBizDaily. That includes growers, processors, sellers and those that service and supply those companies. There are more marijuana sector employees than librarians or kindergarten teachers in the United States Walsh said. 
30 states plus DC allow medical or recreational cannabis that contains THC.  Adding the states like Texas that have some sort of CBD-only medical marijuana laws, brings the number into the mid-40’s said Garrett Rudolph editor of industry business magazine Marijuana Venture. -  Forbes
America will not be made great again by trying to renew industries such as steel and oil where other countries can produce it better and cheaper.  No the future resides in finding goods and services that other nations want, but don't provide for themselves, and cannabis and hemp are two that could make a large debt in altering the direction of America's economic fortunes.


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