Businesses Are More Profitable And Innovative In States With Legal Marijuana, Study Finds

Businesses Are More Profitable And Innovative In States With Legal Marijuana, Study Finds

States have been experimenting with various forms of marijuana legalization for years and, according to new research, business is better where cannabis is legal. To investigate the impact legalization has on the economy, researchers at the University of Iowa analyzed 9,810 corporations between 1991 and 2017, finding “a multitude of positive effects” after a state enacts medical marijuana laws. “Firms headquartered in marijuana-legalizing states receive higher market valuations, earn higher abnormal stock returns, improve employee productivity, and increase innovation,” the authors said. The study, which was reviewed by Marijuana Moment but has yet to be published, found that having cannabis…

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Source : MJ moment
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