What if all the drug money made in black neighborhoods stayed in black neighborhoods? Even better, what if the people selling the weed in communities of color didn’t have to hide the money? What if they didn’t have to worry about being arrested three times more often than whites? What if the tax revenue for every blunt you smoked went to a local school? That would be so … (I apologize in advance, but I have to say it) dope.
Even as Attorney General Jeff Sessions’ Justice Department is set to unveil the war on drugs 2.0, legal cannabis is becoming one of the fastest-growing industries in America. It is poised to make billions of dollars and provide jobs to thousands in the next year alone. Yet for all its expected growth, very few people of color have been able to get in on the ground floor.New Frontier Data—one of the top companies for investment research—issued a recent report that said by 2020, the marijuana industry will create more jobs than the manufacturing industry, utilities, or state and local governments. The industry was worth $7 billion in 2016 and is expected to triple in the next three years.
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