Recreational marijuana industry poised for takeoff in Massachusetts
Although the idea of a new tourism genre is intriguing, the main impact legal cannabis on the economy will come from sales and tax revenue.
BOSTON – Massachusetts already has one of the highest performing economies in America, according to recent surveys, along with the best unemployment rate in 16 years. So how can things get better? The emergence of a new industry – devoted to legalization of marijuana.
The decision by Massachusetts voters to legalize the use of recreational marijuana has created an industry that brings with it additional tax revenue, job creation, marijuana and accessory sales, and even a new form of tourism. Recreational marijuana is expected to become a $1.17 billion industry by 2020, advocates say.
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