The cannabis legal sector is expected to generate 40 billion dollars and more than 400,000 jobs by 2021 in the United States, according to a study by the consulting firm Arcview that includes direct purchases by consumers and indirect income for producers and several subcontractors, as well as the money spent with companies not affiliated with the sector, such as supermarkets.
The projection would represent a 150% increase in revenues of 16,000 million registered in 2017, according to the study, published the day after the recreational use of marijuana was legalized in California. Arcview and its research partner, BDS Analytics, are expected to generate $ 4 billion in taxes within three years.
The cultivation, sale and consumption of cannabis was decriminalized as of January 1. The largest economy of all the states in the country, and among the most powerful on the planet, adds to the other US territories where the consumption and trade of marijuana is already legal, although under strict regulations.
In general, California will treat cannabis as alcohol, allowing people over the age of 21 to own up to an ounce of marijuana (28 grams) without a prescription and grow up to six plants at home. Smoking is not allowed in public, and state law has specific rules that prohibit smoking within 300 meters of a school or daycare center when children are nearby, or while driving.