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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 05-20-2014, 04:33 PM   #2
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But, but the black market jobs are losing out!
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Old 05-20-2014, 04:39 PM   #3
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It's like a fairy tale come true. Regulation is eased, business booms, the economy becomes stronger as jobs increase. The White House said (through Holder I believe) that they are watching Colorado as an experiment of sorts. Here's hoping the experiment continues to be successful.
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Old 05-20-2014, 04:54 PM   #4
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In other news, Cheeto sales quadrupled in the state as well. Frito Lay has had to hire hundreds of new truck drivers to keep up with the demand.
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Old 05-20-2014, 05:12 PM   #5
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In other news, Cheeto sales quadrupled in the state as well. Frito Lay has had to hire hundreds of new truck drivers to keep up with the demand.

Moreso because they had to lay off all those who failed the piss test.
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Old 05-20-2014, 05:15 PM   #6
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It's like a fairy tale come true
I think so.
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Old 05-20-2014, 06:05 PM   #7
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Classic spending shift. People who were a bit leery to take their bars and restaurant dollars to buy pot are dipping their toes in. Any dollars attributable to pot are merely offset by local entertainment forgone.


One could argue that the only net pot benefits are those coming in from other states. But since Colorado is largely surrounded by small-population states (and since pot is readily available in those states anyway), it's doubtful there's much economic benefit.
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Old 05-20-2014, 06:05 PM   #8
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I heard a story about Home Depot, Drug testing and CO. But I can't find a link...
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Old 05-20-2014, 06:08 PM   #9
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Originally Posted by Prison Bitch View Post
Classic spending shift. People who were a bit leery to take their bars and restaurant dollars to buy pot are dipping their toes in. Any dollars attributable to pot are merely offset by local entertainment forgone.


One could argue that the only net pot benefits are those coming in from other states. But since Colorado is largely surrounded by small-population states (and since pot is readily available in those states anyway), it's doubtful there's much economic benefit.
Or you know all that money that was flowing in the shadow economy when it came to pot, is now in the light.

Sure, there are people who are trying because it is legal now but I am betting the vast majority is the former.
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Old 05-20-2014, 06:13 PM   #10
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Originally Posted by Detoxing View Post
In other news, Cheeto sales quadrupled in the state as well. Frito Lay has had to hire hundreds of new truck drivers to keep up with the demand.
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Old 05-20-2014, 06:14 PM   #11
BucEyedPea BucEyedPea is offline
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I think more than thousands of jobs are needed.
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Old 05-20-2014, 06:21 PM   #12
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Quote:
Originally Posted by GloucesterChief View Post
Or you know all that money that was flowing in the shadow economy when it came to pot, is now in the light.

Sure, there are people who are trying because it is legal now but I am betting the vast majority is the former.
Exactly.
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Old 05-20-2014, 06:36 PM   #13
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Or you know all that money that was flowing in the shadow economy when it came to pot, is now in the light.

Sure, there are people who are trying because it is legal now but I am betting the vast majority is the former.
That's true but I'm not sure it matters. If you sold $1,000 of pot to a group of HS students, that would be black market. But you'd simply take that $1,000 and spend it on legit products and services where it'd just be taxed anyway.
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Old 05-20-2014, 07:09 PM   #14
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Thanks, Obama!
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Old 05-20-2014, 07:10 PM   #15
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Originally Posted by Prison Bitch View Post
Classic spending shift. People who were a bit leery to take their bars and restaurant dollars to buy pot are dipping their toes in. Any dollars attributable to pot are merely offset by local entertainment forgone.


One could argue that the only net pot benefits are those coming in from other states. But since Colorado is largely surrounded by small-population states (and since pot is readily available in those states anyway), it's doubtful there's much economic benefit.
Link? Can you back up any of this?
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