Why will the Industry continue to BOOM?
Mainstream public approval of medical marijuana.
Lawmakers eager to reap tax revenue from commercial and retail cannabis activity. Politicians will eventually “follow the money.” According to Harvard economist, Jeffrey Miron, at least $45 billion in potential tax revenue is now slipping through the government’s hands.
Marijuana has become an economic multiplier. Every dollar spent in the industry generates $2.40 in financial activity.
Spillover and supply chain effects attending legalization represent a huge opportunity for packaging, processing and transportation players.
Going after marijuana has become political suicide.
The legal cannabis industry is expected to generate 300,000 jobs by 2020