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Old 05-20-2014, 04:26 PM  
Count Zarth Count Zarth is offline
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Legal marijuana created thousands of jobs in Colorado

http://www.vox.com/2014/5/20/5734394...bs-in-colorado

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Marijuana dispensaries characterize it as a bit of a gold rush: the sudden swarm of thousands of people from in and out of Colorado trying to get into the state's new recreational marijuana industry.

"Everybody's expanding right now," Elan Nelson, business consultant for Medicine Man, one of the largest marijuana shops in Denver. "Really, we're just trying to keep up with demand."

Since retail sales of recreational marijuana began in January, the state has seen a small boom in jobs. The Marijuana Industry Group (MIG) estimates there are currently about 10,000 people directly involved with marijuana, with 1,000 to 2,000 joining in the past few months and more expected as high demand for recreational marijuana continues. MIG says it's hard to separate how many of those 10,000 jobs are tied to recreational marijuana and which are exclusively on the medical side, but at least a few thousand jobs came during and after the preparation and start of recreational sales.

In total, the industry makes up only about 0.4 percent of all employment in a state with more than 2.6 million jobs. But these are thousands of people who could otherwise find themselves on the unemployment line. And for Colorado, they're revenue-generating jobs that might not have existed at all if the state didn't allow recreational or medical pot.

The estimate also doesn't include other groups indirectly involved in the industry, including construction workers, accountants, plumbers, electricians, and attorneys. And it leaves out restaurants and other businesses who might benefit from out-of-state visitors going into Colorado to try out legal marijuana.

The marijuana industry doesn't expect its growth to slow any time soon. And there's good reason for that: at least during the first three months of retail sales, marijuana revenue grew from $14 million a month to $19 million a month.

t the same time, Colorado's economy is showing other positive signs of growth — both a good sign for marijuana businesses and an indication that pot isn't scaring away others, despite previous warnings from business leaders. The state's estimated unemployment rate in April was 6 percent, down from 6.2 percent in March and 6.9 percent the year before.

"I don't think we're all of that, but I think we're playing a role," says Mike Elliott, executive director of the MIG.


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Old 05-23-2014, 09:39 AM   #106
BucEyedPea BucEyedPea is offline
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Did you say something?
Yes I did and you missed a helpful post. Your loss.

Copying is the sincerest form of flattery. So that makes up for it all. I thank you very much.
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Old 05-23-2014, 10:22 AM   #107
Garcia Bronco Garcia Bronco is offline
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Bunch of inaccuracies and assumptions in this thread. Pot is making this state a ton of money and we have number of people drivning in to get the stuff but I am sure they aren't leaving the state with it. It's creating jobs and tax revenue. It's pretty sweet.
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Old 05-23-2014, 06:54 PM   #108
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Originally Posted by Garcia Bronco View Post
Bunch of inaccuracies and assumptions in this thread. Pot is making this state a ton of money and we have number of people drivning in to get the stuff but I am sure they aren't leaving the state with it. It's creating jobs and tax revenue. It's pretty sweet.
Then point them out with facts. Colorado's revenue last year was $8.5b, and this far in the first two months pot brought in only $4.2m which is half the high end estimate accordin to Businessweek:

http://mobile.businessweek.com/news/...ensing-is-slow


So if we take 8.5b pro rata we get $708.3m/mo in receipts. Pot added $2m. It's nothing, it's literally a piss in the wind. 1/3 of 1% marginal benefit.
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