Saturday, September 29, 2018

Pretty Certain Legal Marijuana Is Fueling US Economic And Job Growth

I wonder what kind of people control US media. Many mainstream media in the US contribute the growth to tax cuts and other policies. None mention the role of legalized marijuana in economic and job growth.

Suppose there are 200 pot retail outlets for each of the eight states that have legal marijuana. And 50 pot pharmacies in the 30 or so states with legal medicinal marijuana. Let's say each employ about 4 people. So that's a total of 12,400 jobs. Then there are pot farms, testing facilities, pot related patents, and companies selling vaporizers, bongs, fertilizer, lights and such. That could add up to another 10,000 jobs.

Then there's pot companies listed on the stock market which contributes to economic growth. Also some of the underground market has shrunk, enabling the sales of pot to be taxed.

In addition, there's the music market which would be much smaller without pot.

Wonder why US media is quiet on this? Maybe they want to corner the market first.

If Korea legalized, then that would create thousands of jobs and eliminate the outflow of money used to purchase drugs abroad.  It would be almost like creating a new economic sector worth tens of billions of dollars. Corporations, stocks, taxes, jobs... Less dependence on alcohol and cigarettes. A more mellow Korea?