US Legal Cannabis: Driving $40 Billion Economic Output
Part of the Cannabis Intelligence Briefing series.
This report examines the economic multiplier effects through which US consumer spending on legal cannabis in 2021 of $20.8 billion will generate $39.6 billion in overall economic impact, 414,000 jobs, and more than $4 billion in tax receipts.
The report provides estimates of the total economic contribution, direct and indirect jobs created, and tax receipts generated in each of the 35 states expected to have medical or adult-use legality by 2021.
The report also explores the projected decrease in illicit markets, and the budgetary and societal benefits of that decline, as the legal, regulated side of the cannabis industry continues to grow.
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