There are a number of advantages to society and the public safety in regulating marijuana, but economic arguments also favor its legalization. The benefits include increased tax revenues, job creation, and reduced law enforcement costs. However, to legalize and regulate marijuana requires an ecosystem of support services like those provided by SinglePoint, Inc. (SING) (SING Profile), American Cannabis Company (AMMJ), Kush Bottles, Inc. (KSHB), mCig, Inc. (MCIG) and Terra Tech Corp. (TRTC).
As a job-creating engine, the industry will be a super powerful diesel. Reporting on recently released data from New Frontier Data, Forbes(1) relates industry analyst projections that “by 2020 the legal cannabis market will create more than a quarter of a million jobs.” These projections are modest, based only on markets in the 29 jurisdictions that have legalized medical marijuana and the 10 others that have legalized recreational marijuana.
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Marijuana Legalization Could Encourage Widespread Economic Benefits
