The Birth of the Legal Weed Industry

Some numbers from the WSJ

• 750,000 – The approximate number of people who are arrested every year in the U.S. for marijuana-related offenses. About 40,000 inmates of state and federal prison have a current conviction involving marijuana, most having to do with distribution.

• $14 billion – The estimated size of the marijuana market if it were to be legalized in the U.S., according to the 2010 Cato Institute paper The Budgetary Implications of Drug Prohibition, which could yield some $8.7 billion in tax revenues and enforcement cost savings.

• 1,000 – The approximate number of dispensaries California’s medical marijuana industry has created, generating sales of more than $3 million a year.

• $105 million – The amount that California’s medical marijuana industry generates in taxes each year.

• $40 – The price of an eighth of an ounce of cannabis in Humboldt County, California.

• $10-$20 – The hourly wage someone can make “budtending,” i.e., standing behind the counter at a dispensary to greet and help customers with their purchases. Other jobs available in the industry include receptionists, doctors, delivery drivers, trimmers, growers, chefs, and managers.

• $5,000 – The fee to obtain a Medical Marijuana Infused Products Manufacturing License in Denver, Colorado.

[Read More] via youngbrokeawesome

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  • December 27
  • , 2012
Industrial Production under #fidesz and #matolcsyIndustrial Production is an economic report that measures changes in output for the industrial sector of the economy. The industrial sector includes manufacturing, mining, and utilities. Although these sectors contribute only a small portion of GDP (Gross Domestic Product), they are highly sensitive to interest rates and consumer demand. This makes Industrial Production an important tool for forecasting future GDP and economic performance. Industrial Production figures are also used by central banks to measure inflation, as high levels of industrial production can lead to uncontrolled levels of consumption and rapid inflation. Source: Wikipedia.

Industrial Production under #fidesz and #matolcsy
Industrial Production is an economic report that measures changes in output for the industrial sector of the economy. The industrial sector includes manufacturing, mining, and utilities. Although these sectors contribute only a small portion of GDP (Gross Domestic Product), they are highly sensitive to interest rates and consumer demand. This makes Industrial Production an important tool for forecasting future GDP and economic performance. Industrial Production figures are also used by central banks to measure inflation, as high levels of industrial production can lead to uncontrolled levels of consumption and rapid inflation. Source: Wikipedia.

  • May 16
  • , 2012