Legalizing marijuana everywhere would create more than a million new jobs within the next decade, a new study says.
Some analysis performed by New Frontier Data , a company that focuses on the marijuana industry, also found that the government would earn at least $131.8 billion in federal taxes over eight years if cannabis were legalized in all 50 countries. American states.
With federal legalization, 782,000 jobs would be created immediately, and the company expects that number to increase to 1.1 million by 2025, including growers and retailers.
In 2015, one year after the legalization of recreational cannabis sales in Colorado, the legal marijuana industry created 18,000 full-time jobs and $2.4 billion in economic growth in the state, according to the Marijuana PolicyGroup . New Frontier suggests that this trend could be sustainable on a national level.
“If cannabis businesses were legalized tomorrow and taxed as regular businesses at a standard 35% tax rate, cannabis businesses would provide the U.S. economy with an additional $12.6 billion in one year,” he tells the Washington Post New Frontier CEO Giadha Aguirre De Carcer .
Economic growth would be boosted by increasing demand for various industries, according to the Marijuana Policy Group. Growers need warehouses, and purchase specialized equipment such as lighting and irrigation systems for growing marijuana. In states like Washington and Colorado, legal recreational marijuana has also led to an increase in some tourism sectors.
California became the eighth state to sell legal recreational marijuana on January 1, 2018, and 29 states now allow the use of medical marijuana. Federal legalization, while popular among nearly every American demographic, is facing new challenges from Attorney General Jeff Sessions, whose strong opposition to statewide marijuana laws has slowed the bipartisan push. In late October, Session repealed an Obama-era law that told federal prosecutors to leave marijuana alone in states where it had been legalized, leaving open questions about the future of the promising industry.
Now, almost every day there is news about legalization from America , from Europe (see the recent case of Greece and Luxembourg) and even from the East !
Update May 2019 (Source La Repubblica )
These would be affected by the damage that would result from the closure of hemp shops with low THC content and derivatives to which the Minister of the Interior is committed.
The count, reported by the Radiocor agency on the basis of data from the National Consortium for the protection of industrial hemp, led the general director of the consortium, Stefano Zanda, to underline that "the industrial hemp sector has nothing to do with the narcotics, or with the recreational aspects of cannabis. The utterances of some poorly informed politicians are causing immeasurable damage to the sector and undermining its development".
The law for the promotion of the supply chain came into force in January 2017. The turnover calculated by the consortium (which was presented to the Chamber only two months ago) is 150 million euros in 2018 and for 2021 predicts a European-wide turnover of 36 billion euros, given the growing interest from various sectors including pharmaceuticals, cosmetics, food, packaging, construction and design. Also in 2018 in Italy there were 2,500 hectares cultivated with hemp and the forecast is to close the year with a doubling of the surfaces.
Salvini declared that he wanted to "close all the alleged cannabis tourist shops one by one", and the world of industrial hemp went into fibrillation: "We distance ourselves - Zanda added to the agency - from any illegal behavior of some shopkeepers. However, we ask for the utmost respect for the sector, made up of many professionals and serious companies. The government should be far-sighted and waste no time in regulating the sector, giving dignity and the necessary stability to companies, to face and attract the investments necessary for development".
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