Thursday, 30 May 2013

The $605 Million Legal Marijuana Market Is Looking Awesome For Colorado

marijuana legalization
Reuters
On Tuesday, Colorado Gov. John Hickenlooper signed into law the first framework for a legal, regulated marijuana market in the United States. 
Colorado expects the sale of pot to be a significant boon to state finances.
They're already planning for a hefty tax on the substance, and one look at the potential size of the industry has those involved salivating. 
At the end of last month, when the bill was still under consideration, the Colorado Futures Center at Colorado State University released a report detailing the expected fiscal impact of the shift. 
Even though the analysis doesn't include the economic benefits — we've already detailed several auxiliary firms that work for legal marijuana businesses that are poised to make a fortune from the securityfinancial data and advertising and product research needs of the new marijuana industry — it's still an exciting look into one of the most interesting emerging markets on the planet. 

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