Colorado Cannabis Industry Contributes More to Economy Than All Other Industries: Report
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The Colorado cannabis industry has quickly gone from bud to full flower, as indicated by a new in-depth data analysis by the Marijuana Policy Group.
Using a new “Marijuana Impact Model” they say is the first to “accurately characterize how this industry impacts the overall state economy,” the researchers confirmed the astounding positive impact that legalization has brought upon Colorado.
Legal cannabis activities generated an output of $2.39 billion in 2015, with almost $1 billion in sales for the year. The sales represent a 42.4 percent increase from the previous year, translating into a staggering 112 metric tons of buds and 132 metric tons of “flower-equivalent” products (edibles, concentrates, etc.).
Cannabis now ranks number six in terms of product sales, following closely behind cigarette sales. It beats gold mining by a large margin, and even performing arts and sports venues as well as all non-grain crop farming.
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