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Home / Business / Legal Marijuana Is A Boon To The Economy, Finds Study

Legal Marijuana Is A Boon To The Economy, Finds Study

By Mona Zhang

Researchers found that legalizing marijuana had a positive impact on the economy of Pueblo County, Colo. In a landmark report out of the Colorado State University-Pueblo’s Institute of Cannabis Research, researchers found that a taxed and regulated cannabis industry contributed more than $58 million to the local economy, reports The Denver Post.

While there was about $23 million in added costs to legalization – including law enforcement and social services – the county still ended up with a net positive impact of more than $35 million.

The research itself was funded by state and local marijuana taxes, reported CPR. “When compared to other similar communities in states where cannabis is not legal in any form, Pueblo appears to be doing better on a number of measures,” read the report.

Read more at Forbes

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