The marijuana industry is projected to add nearly $100 billion to the U.S. economy in 2022 episode artwork

EPISODE · Jul 5, 2022 · 0 MIN

The marijuana industry is projected to add nearly $100 billion to the U.S. economy in 2022

from North American Network

This year’s total economic-impact from marijuana-sales, nationwide, should reach 99-billion dollars—up more than 20-percent from last year. That’s according to the latest “Factbook” from “M-J-Biz”—which also projects that it could reach 155-billion, in 2026. Chris Walsh is the company’s C-E-O… “Advocates often tout the tax-revenue that cannabis-sales generate. But, the benefits to the overall economy—and local communities—are significantly larger. The marijuana-industry is unique in some key ways, versus other industries: It encompasses agricultural-, manufacturing-, and retail-activity; in some markets, it also includes events and hospitality. So, it really has a broad impact. We calculate that, for every 10 dollars that consumers and patients spend at marijuana retail-locations, an additional 18 dollars will be injected into the economy—much of that at the local level.” For the latest industry-news and -analysis, visit “m-j-biz-daily”-dot-com; that’s “m-j-b-i-z-daily”-dot-com.

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The marijuana industry is projected to add nearly $100 billion to the U.S. economy in 2022

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