News Marijuana economy may hit $44 billion by 2020

Discussion in 'The Howard Stern Show' started by kinneyjames, Mar 14, 2016.

  1. kinneyjames

    kinneyjames Well-Known Member

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    http://finance.yahoo.com/news/marijuana-economy-will-hit-44-billion-impact-by-2020-133004729.html

    In its annual report on the U.S. cannabis industry, Marijuana Business Daily predicts up to $44 billion in economic impact by 2020. Last year's report predicted $14 billion to $17 billion in impact for 2016. The publication has been producing the report since 2012.

    The impact figure is separate from sales of marijuana; it represents sales plus all the money pumped into the economy as a direct result of sales. It encompasses everything from wholesale growers to grow-light manufacturers to marijuana accoutrements and everything below it touched by the trickle-down effect of marijuana money. It even extends to home purchases in places like Colorado, which has attracted new residents since legalizing recreational use.

    The marijuana mag assigned the marijuana economy an economic multiplier of 4—that means every dollar spent on marijuana leads to another $3 working its way into the economy.

    [​IMG]
    more at link (emphasis mine)
     
  2. Sloppyjoe

    Sloppyjoe VIP Extreme Gold

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    and big pharm will try to stop this from happening with all their might.
     
  3. DuckDong

    DuckDong Well-Known Member

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    Bud is outta the bag... let the bud train roll .. toke toke
     
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  4. Hank Douglas

    Hank Douglas Well-Known Member

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    And yet there are still anti-weed morons out there.... Hard to believe I can pick up a bottle of whiskey and a pack of reds but weed is a no-no.
     
  5. bluedevil30

    bluedevil30 Well-Known Member

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    I most weed "science" is bogus but I don't think one cop should be killed enforcing illegal weed laws.
     
  6. Walygatr

    Walygatr Well-Known Member

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    [​IMG]
     
  7. YinzerMasshole

    YinzerMasshole VIP Extreme Gold

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    ...but Chris Christie is against this because the lines at White Castle will be longer.
     
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  8. kinneyjames

    kinneyjames Well-Known Member

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    Yes. Bogus.

    http://www.cnbc.com/2016/03/14/shares-in-gw-pharmaceuticals-skyrocket.html

    Shares in GW Pharmaceuticals skyrocketed more than 120 percent Monday, following positive results in the first Phase 3 study of its investigational medicine Epidiolex.

    The experimental cannabis-based drug has successfully treated children with a rare form of severe epilepsy in a keenly anticipated clinical trial, more than doubling the value of its maker.

    "The positive outcome of this Phase 3 trial is a significant milestone in the development of Epidiolex as a potential new treatment for patients suffering from Dravet syndrome," Justin Gover, CEO of GW Pharmaceuticals, said in a statement. "We are excited about the potential for Epidiolex to become the first FDA approved treatment option specifically for Dravet syndrome patients and their families."

    more at link

    And that's just today's news...
     
  9. ScottBaiosPenis

    ScottBaiosPenis Well-Known Member

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    They need to just legalize it, all of it, already. Too many lives destroyed by the drug war, too many bad guys getting rich, its disgusting.
     
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  10. joe361

    joe361 Well-Known Member Banned User

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    Next. [​IMG]
     
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  11. bdbx18

    bdbx18 Well-Known Member

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    I have to say, my new Mighty is totally tawsum.
     
  12. yaddc

    yaddc Well-Known Member

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    Nobody rushing to war while smoking pot only to shop- rite.