Federal Reserve Bank Examines Marijuana Industry’s Growth

Federal Reserve Bank Examines Marijuana Industry’s Growth

The Federal Reserve Bank Of Kansas City recently issued a report looking at Colorado’s marijuana market, ultimately concluding that the cannabis industry is primed to continue to grow as public support for legalization increases, although perhaps not quite at the rate seen in the early years of the policy change’s implementation. The central bank district had analysts examine various aspects of Colorado’s legal system over the past six years, including employment rates, taxes, business licenses and sales data. In their report, the authors identify “signs of maturation” as the market has stabilized over time. Overall, the analysis—published in the reserve’s Rocky Mountain Economist late last month—observes that while the industry boomed in the initial years after the state legalized marijuana for adult use, there’s been a leveling off when it comes to sales, licenses and jobs in the state’s cannabis market. Via Kansas City Fed. Tax revenue has continued to rise, helping to fund public service programs and the state’s general fund, but the Fed report’s authors write that experts don’t anticipate the rate of that growth can be sustained in the long-term if sales continue to steady. Via Kansas City Fed. The federal bank also explored the “potential costs…

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Source : MJ moment
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