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Benzinga
Benzinga
Business
Maureen Meehan

Cannabis Is Bringing In Billions Of Dollars: Imagine If It Was Federally Legal?

If it's about the money, cannabis should be on the top of the list of arguments for legalization. One might wonder why it is not after viewing the following analysis from the newly published MJBiz Factbook, which estimates that annual cannabis sales will exceed $52 billion by 2026. 

“While federal legalization flounders in Washington, D.C., the American cannabis industry’s economic impact could near $100 billion by end of 2022 and nearly $158 billion by 2026,” said Jenel Stelton-Holtmeier, editor of MJBiz Factbook. “This means that for every $1 consumers and patients spend at adult-use stores and dispensaries, an additional $1.80 will be injected into the economy, much of it on a local level.”

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