FinancialBuzz.com: The Growth and Expansion of the
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Posted On: 03/13/2017 12:06:40 PM
FinancialBuzz.com: The Growth and Expansion of the Legal Cannabis Market
3/13/17, 8:00 AM
NEW YORK, March 13, 2017 /PRNewswire/ --
The legal cannabis industry could become a major driver of U.S. economy in the near future, despite the uncertainties arising from the new presidential administration's policy regarding this industry. According to a new report published by New Frontier Data, the legal cannabis market will create 283,422 jobs for American workers by 2020. Recent legalization of cannabis for either medical or recreational use is considered as the main factor that fuels the growth of the legal cannabis market. This growth in the sector could further boost the U.S. economy by creating more jobs and increasing tax revenue for states. Diego Pellicer Worldwide, Inc. (OTC: DPWW), MassRoots Inc. (OTC: MSRT), Terra Tech Corporation (OTC: TRTC), CV Sciences Inc. (OTC: CVSI), American Cannabis Company Inc. (OTC: AMMJ)
As of today, 28 states in U.S. had legalized medical cannabis, while the sale of recreational cannabis remains legal in 8 states, including California and Massachusetts. Giadha Aguirre De Carcer, Founder and CEO of New Frontier Data, said, "While we see a potential drop in total number of U.S. jobs created in 2017, as reported by Kiplinger, as well as an overall expected drop in GDP growth, the cannabis industry continues to be a positive contributing factor to growth at a time of potential decline."
3/13/17, 8:00 AM
NEW YORK, March 13, 2017 /PRNewswire/ --
The legal cannabis industry could become a major driver of U.S. economy in the near future, despite the uncertainties arising from the new presidential administration's policy regarding this industry. According to a new report published by New Frontier Data, the legal cannabis market will create 283,422 jobs for American workers by 2020. Recent legalization of cannabis for either medical or recreational use is considered as the main factor that fuels the growth of the legal cannabis market. This growth in the sector could further boost the U.S. economy by creating more jobs and increasing tax revenue for states. Diego Pellicer Worldwide, Inc. (OTC: DPWW), MassRoots Inc. (OTC: MSRT), Terra Tech Corporation (OTC: TRTC), CV Sciences Inc. (OTC: CVSI), American Cannabis Company Inc. (OTC: AMMJ)
As of today, 28 states in U.S. had legalized medical cannabis, while the sale of recreational cannabis remains legal in 8 states, including California and Massachusetts. Giadha Aguirre De Carcer, Founder and CEO of New Frontier Data, said, "While we see a potential drop in total number of U.S. jobs created in 2017, as reported by Kiplinger, as well as an overall expected drop in GDP growth, the cannabis industry continues to be a positive contributing factor to growth at a time of potential decline."
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