Weed Industry To Be Worth $13.4 Billion By 2020, Adding Hundreds Of Thousands Of Jobs

WHATFG

Well-Known Member
420 magazine...and harper would avoid this??

The marijuana industry is the fastest growing business sector in the United States, according to a recent market report, with sales expected to reach $3.6 billion by the end of 2015, and $13.4 billion by 2020.

With legalisation of the drug for medicinal or recreational use slowly sweeping the nation, there is a huge gap in the market not only for marijuana itself, but all the various paraphernalia associated with it.

"The growing acceptance of medical marijuana is providing growers and investors with unprecedented opportunities," Dmitry Diment of researchers IBISWorld, which created the report, said in a statement. "There has been no shortage of demand in recent years, as the industry has benefited from increased acceptance of the legitimacy of medical marijuana products."

Around 75,000 jobs have already been created, with with *one source* reporting that entry-level bud trimmers can earn between $50,000 and $90,000 a year.

"The next five years are expected to see the growth of large commercial cultivators, who will benefit from strong recreational demand across a number of states, including Alaska, Oregon and the District of Columbia," Diment said.

Marijuana has provided a huge economic boost to the states which have legalised it, with Colorado making so much tax revenue that it legally had to return some to customers.

This week, Ireland's government announced plans to consider the decriminalisation of cannabis, though in the UK the issue still hasn't penetrated parliament. *edit

 

kDude

Well-Known Member
man they should criminalize tomatoes.. they'd make tonnes of cash when they legalized and regulated the sale of them a few years later.
:(

so painful to see.. legalize it and it's worth pennies. but nope, gotta "legalize" it (decriminalize) and regulate, to line a bunch of corrupt pockets.
 

Dr. Jon

Well-Known Member
It will be interesting to watch as the trend continues. It seems to me you reach a point of diminishing returns with increasing legalization, at least from the government's perspective.. If part of Colorado's revenue stream results from what they call "marijuana tourism", as people flock to buy in one of the few states where it is legal, doesn't that revenue stream dry up if it becomes legal everywhere? Why would people from the East Coast travel to Colorado to buy weed it it suddenly became legal in most states? Also, at the moment, Colorado has virtually all of the LEGAL commercial production of weed in the country. If it became legal to grow it commercially in more places, you get increased competition in other states, which has to drive prices down, and will likely drive many smaller commercial growers out of business. Increasing legalization, in effect, dilutes the economic benefit to each state. It seems highly unlikely that any other state will see the kind of increased revenue that Colorado has seen - you just spread the industry out over more states.
 

Dr. Jon

Well-Known Member
Yes, it's kind of ironic how the wheel turns, isn't it? I think the bottom line is that politicians will find a way to rationalize almost anything if there are enough dollars dangled in front of them. 40 years of listening to the best arguments there are in favor of legalization, and they could care less, but start talking about big tax dollars, and all of a sudden its the "wave of the future." Pinning down a politician's "moral convictions" is much like trying to nail Jello to a tree.
 

torontoke

Well-Known Member
Well i dont know if any of you watched the tv show high profits last sunday but it showed the truth behind this movement.
When it was medicinal you felt for the fledgling couple tryin to help people but towards the end when the chick is complaining about having to count so much cash i wanted to pimp slap her through the screen.
25$ a gram and they had a lineup around the block for ten hours. A million dollars profit in 20 days and not one mention of patients or helping people.
They use the sick to open the door and the rec sales are the floodgates to wash the sick away. With enough tax dollars behind it you would think every state province and country would be clamoring to get a share.
 

CannaReview

Well-Known Member
Well i dont know if any of you watched the tv show high profits last sunday but it showed the truth behind this movement.
When it was medicinal you felt for the fledgling couple tryin to help people but towards the end when the chick is complaining about having to count so much cash i wanted to pimp slap her through the screen.
25$ a gram and they had a lineup around the block for ten hours. A million dollars profit in 20 days and not one mention of patients or helping people.
They use the sick to open the door and the rec sales are the floodgates to wash the sick away. With enough tax dollars behind it you would think every state province and country would be clamoring to get a share.
All that means is that the underground will flourish even more. If the gov hasn't said a word on the high priced weed for sick people from MMPR they sure as hell are going to keep the price way up if it becomes legal. Like many stated the MMPR is a test system for legalization and the high price of weed is a test too see how much people will pay. between the dispensaries, MMPR and US prices as test beds legal weed will be expaensive.
 

oddish

Well-Known Member
I know an LP that promised to hire 100 local employees. Got the town all excited.
Now they sold out to a bigger LP because they couldn't get their license and they're estimating 12 employees.

Employment numbers are BS 100% of the time.
 

torontoke

Well-Known Member
There is no such thing as "legal weed" the term is wrong.
Everyone needs to stop using the term legal.
Its perhaps regulated or tolerated to a certain degree but its not legal.
Tolerating something for profit doesnt make it legal.
Even in colorado where rec users can buy it over the counter its not "legal"
Its still a federal offense.
Still illegal to smoke it
Still illegal to grow more than 6 plants
Still illegal to sell it.

I do agree that the mmpr is canadas way of gauging how much the people will pay and thats scary.
The reason its so expensive is because the industry is motivated by greed and people trying to cash in on the money train before its derailed.
 

oddish

Well-Known Member
Its still a federal offense.
Doesn't matter. State trumps Federal.
If it's legal to have in Colorado then the product itself is legal in Colorado.

In Canada it's still regulated extremely, so "legal" does not apply as the substance itself is not legal or illegal. The only thing that is illegal are the actions surrounding it.
 

torontoke

Well-Known Member
You can have the product just cant use it, so hows that legal?
And in most instances federal trumps state. But im not about to argue with anyone.
We are all entitled to our opinions and if ur ok with calling the colorado cash grab "legal" go ahead but mine and your definition of legal is completely different.

When i can grow as many plants as i want in my front yard, backyard, and indoors without worry of leo kickin in my door i will consider it legal til then, its being regulated.
 

torontoke

Well-Known Member
And for the record to anyone that doesnt live in canada, its not in limbo or regulated mj is "illegal" theres no grey area.
Medical patients are regulated but its still not legal for them. Trust me ive received the pamphlets from hc in the past. They are very clear on this
 

gb123

Well-Known Member
420 magazine...and harper would avoid this??

The marijuana industry is the fastest growing business sector in the United States, according to a recent market report, with sales expected to reach $3.6 billion by the end of 2015, and $13.4 billion by 2020.

With legalisation of the drug for medicinal or recreational use slowly sweeping the nation, there is a huge gap in the market not only for marijuana itself, but all the various paraphernalia associated with it.

"The growing acceptance of medical marijuana is providing growers and investors with unprecedented opportunities," Dmitry Diment of researchers IBISWorld, which created the report, said in a statement. "There has been no shortage of demand in recent years, as the industry has benefited from increased acceptance of the legitimacy of medical marijuana products."

Around 75,000 jobs have already been created, with with *one source* reporting that entry-level bud trimmers can earn between $50,000 and $90,000 a year.

"The next five years are expected to see the growth of large commercial cultivators, who will benefit from strong recreational demand across a number of states, including Alaska, Oregon and the District of Columbia," Diment said.

Marijuana has provided a huge economic boost to the states which have legalised it, with Colorado making so much tax revenue that it legally had to return some to customers.

This week, Ireland's government announced plans to consider the decriminalisation of cannabis, though in the UK the issue still hasn't penetrated parliament. *edit


he only wants you to think he doesnt want that but he sure as fuck wants that eh :lol:
 

oddish

Well-Known Member
You can have the product just cant use it, so hows that legal?
And in most instances federal trumps state. But im not about to argue with anyone.
We are all entitled to our opinions and if ur ok with calling the colorado cash grab "legal" go ahead but mine and your definition of legal is completely different.

When i can grow as many plants as i want in my front yard, backyard, and indoors without worry of leo kickin in my door i will consider it legal til then, its being regulated.
It's still regulated, but I encourage what they're doing. 6 plants per adult is not terrible.

As for federal vs state - they define each matter based on who they believe has the best competency, but State can overrule federal at any time - that's a constitutional truth. The constitution was written to protect states and individuals from the rights and power of the federal government (hence the 2nd amendment was actually written to allow citizens to protect themselves from their government).

"A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed."
 
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