Cannabis legalization brings many perks to the economy. Year after year countries and states (on USA's case) have legalized the drug. But why do governments are more and more open to this drug? What's the economic benefit behind it ?
Employment Benefits
Thanks to the opening of cultivation and manufacturing facilities, retail and stores to support the industry jobs are created.
Real Estate Benefits
States/Countries were it's legal are seeing a significant increase in property values ad lease rates where the drug's cultivators, manufactures, retails ( etc) can operate.
Due to strict zoning laws in many areas, marijuana businesses have a limited supply of properties to choose from to build their facilities. Property owners understand this and face their own risks when they rent to marijuana-related businesses. Therefore, lease rates and property values skyrocket.
Tax Benefits
One of the easiest ways to track the economic benefit of the marijuana industry to states and local municipalities is through tax revenue, particularly in states that have legalized both recreational and medical marijuana since adult-use marijuana taxes are typically much higher than medical marijuana taxes.
#LEGALIZE
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