Today we can count 23 states as having legalized the drug for medical purposes. Additionally, since 2012 four states (Colorado, Washington, Oregon, and Alaska) have legalized the sale of recreational marijuana. The result, at least for some recreation-legal states, has been explosive growth.
https://www.fool.com/investing/general/2016/03/26/marijuana-could-have-a-surprising-economic-impact.aspx
Marijuana's economic impact could more than triple over the next five years -- and that's not even the biggest surprise. Image source: Pixabay. Yesterday we witnessed the release of Batman vs. Superman: Dawn of Justice, a highly anticipated movie depicting an unstoppable force and the proverbial immovable object.
https://www.fool.com/investing/general/2016/03/26/marijuana-could-have-a-surprising-economic-impact.aspx
Adding in the knock-on effects of $3 for every $1 of legal sales raises the total economic impact of the cannabis industry to nearly $88 billion. Marijuana is current legal for medical or recreational and medical use in 23 states and the District of Columbia.
http://247wallst.com/consumer-products/2016/03/14/marijuana-us-economic-impact-to-reach-44-billion-by-2020/
Setting aside the myriad reasons presented for legalization — like confronting racist marijuana policy, ending moral panic over drugs, lowering crime rates, and ending drug-related pollution — there's one clear case for legalization, and it boils down to this: It's the economy, stupid.
http://theweek.com/articles/442380/how-legalizing-pot-could-save-americas-economy
It's not just the feds, however, who would benefit; legalization would provide top-down economic improvements in local communities, state coffers, and more. In addition to bringing in funds, it would save regional and state governments substantial sums in currently wasted law enforcement dollars.
http://theweek.com/articles/442380/how-legalizing-pot-could-save-americas-economy
At last count, 25 states and the District of Columbia permit the use of marijuana for medical conditions. Regulations vary from state to state. This research suggests an economic benefit for Medicare in states where seniors have access to medical marijuana. Health Affairs, July, 2016.
https://www.peoplespharmacy.com/2016/07/07/what-is-the-economic-benefit-of-medical-marijuana/
Estimates are based on sales of medical and recreational marijuana at the retail level, including flower, infused products and concentrates. For each dollar spent at retail, the Factbook estimates that the economic benefit realized amounts to an additional three dollars.
http://247wallst.com/consumer-products/2016/03/14/marijuana-us-economic-impact-to-reach-44-billion-by-2020/
An Economic Benefit for Medicare: A new study in the journal Health Affairs shows that in states where medical marijuana is legal, Medicare spent less for prescription drugs. The savings were projected at more than $165 million dollars in 2013. If all states legalized medical marijuana, Medicare might have saved nearly $500 million.
https://www.peoplespharmacy.com/2016/07/07/what-is-the-economic-benefit-of-medical-marijuana/
Medical marijuana may have an unexpected economic benefit in states that have legalized it. A new study in the journal Health Affairs shows that in states where medical marijuana is legal, Medicare spent less for prescription drugs. The savings were projected at more than $165 million dollars in 2013.
https://www.peoplespharmacy.com/2016/07/07/what-is-the-economic-benefit-of-medical-marijuana/
As the midterms showed us, America doesn't agree on a lot, but it can agree on weed: A growing number of states are done with prohibition and ready to legalize, or at least decriminalize, marijuana for recreational and/or medical uses.
http://theweek.com/articles/442380/how-legalizing-pot-could-save-americas-economy
economic benefits to legalizing medical marijuana
States where medical marijuana is legal, Medicare spent less for prescription drugs. The savings were projected at more than $165 million dollars in 2013. The economic benefits to legalizing medical marijuana is, states where medical marijuana is legal, Medicare spent less for prescription drugs. The savings were projected at more than $165 million dollars in 2013. If all states legalized medical marijuana, Medicare might have saved nearly $500 million.