Booming Cannabusiness In 2017

Over this last year, BDS Analytics tracked how much the Cannabis Industry has been contributing the United States economy. The Cannabis Industry made 9 billion dollars in 2017 alone. Their predictions for 2018 rest around $11 billion and up to $21 billion in 2021, but it is important to note this study took place before California legalized recreational marijuana and those numbers could be significantly lower than the actual outcome. We like to reiterate that the Cannabis Industry is not all about making money, but that doesn’t mean it hasn’t brought in a significant amount of capital over the past few years. This industry created over 100,000 jobs in 2017, and that number could reach over a quarter million by 2021. Many states allocate a significant portion of taxes earned through marijuana sales to go to public schools, opiate, and drug recovery programs, and drug education programs. States like Colorado now have some of the best schools and some of the lowest opiate drug overdoses in the nation. The Cannabis Industry is not only helping the economy but creating healthier and safer communities in legalized states.