Benefits and Costs of Legalization Marijuana has created new industries and has been a huge economic success in states like Colorado. Through 2016, the state reported that legalized marijuana was responsible for creating more than 18,000 full-time jobs and adding nearly $2.5 billion to the Colorado economy. Cannabis is generating…...

The Likely Effects of Legalized Marijuana Introduction In the United States, the use, possession, sale, cultivation and transportation of marijuana is illegal under federal law. Nonetheless, an estimated 18 million people were using marijuana in 2011. Some states have taken a different approach. Although state law cannot ‘overrule’ federal law,…...

Legal Weed & Legal Tender Have you ever walked into a cannabis dispensary? One of the first things you might notice is an ATM over in the corner. Why’s that? Because the marijuana business is still stuck in a bit of a conundrum. Many states have decriminalized the sale or…...

The marijuana industry is the fastest growing market in America, with a compound annual growth rate of 26 percent and estimates of market worth varying between $17 billion and $22 billion by 2021. The tax revenue from this is significant, with Colorado bringing in more than $500 million between 2014…...

Although a number of states have decriminalized the use of cannabis for medical purposes, it remains illegal in the United States at the federal level. The primary reason why marijuana remains illegal nationally is due to the Drug Enforcement Administration’s (DEA) classification of cannabis as a Schedule I narcotic. The…...