New research from the Federal Reserve Bank finds that states with marijuana legalization see a significant economic boost, but also experience an increase in social costs.
The report found that states that legalized marijuana for adults saw moderate economic gains after the policy change was implemented, with the number of jobs directly in the marijuana industry growing from less than 125,000 to more than 425,000 between 2017 and 2022.
However, the report also found that states with legal marijuana saw an increase in social costs, including substance use disorders, chronic homelessness, and arrests.
The researchers noted that states that legalized earlier experienced similar social costs but larger economic gains, implying a potential first-mover advantage.
The findings of the report are likely to fuel the ongoing debate about the pros and cons of marijuana legalization.
Tune in to this week’s episode of Cannabis Legalization News to find out more about this the hottest stories this month including Pharmacies in Georgia selling medical cannabis, extension of license application window in NY, Cresco Labs Unlocks $32 Million in Non-Dilutive Capital and much more!
Get in touch with us:
🌱: We can help with your cannabis business. Here is our info. (https://bit.ly/m/collateral-base)
🔔: Subscribe to CLN for more cannabis content! (https://bit.ly/2VJUAQr)
💚: Become a member for exclusive perks! (https://bit.ly/2UavaLj)
📚: Learn more about the :broccoli: Industry! (http://bit.ly/3Jo4VIz)
