MJBizMag May-June 2023 - 25

Order your copy today: insights.mjbizdaily.com/factbook
The marijuana industry has
a large impact on the broader
economy, both locally and across
the nation.
That impact comes directly from
the day-to-day needs of workers
in the cannabis industry, including
spending on life's necessities
such as housing, transportation,
entertainment and more.
Taxes collected from cannabis
businesses and consumers play a
role, too.
Marijuana businesses, consumers
and patients pay hundreds of
millions of dollars in state and
local taxes that are used to fund
government activities at those
levels, including schools and roads.
Real estate also receives a boost
from new retail, manufacturing and
agricultural businesses moving into
an area, or established companies
Source: MJBizDaily research
expanding, increasing broader
demand for commercial properties.
In many markets, cannabis
companies are restricted in where
they can operate, but they often
bring new business activity.
Additional
economic
impact of
retail sales
Retail sales
estimate
2022
2023
2024
2025
2026
2027
2028
NOTE: Estimates are high end of scale.
© 2023 MJBiz, a division of Emerald X, LLC
$90B
$30B
$33.6B
$38.4B
$44.3B
$49.7B
$53.5B
$56.9B
$149.1B
$132.9B
$115.2B
$100.8B
2023 FACTBOOK
$170.7B
$160.5B
Andrew Long is a data
reporter at MJBiz. He can
be reached at andrew.
long@mjbizdaily.com.
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Doesn't require sacrificing quality.
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http://insights.mjbizdaily.com/factbook

MJBizMag May-June 2023

Table of Contents for the Digital Edition of MJBizMag May-June 2023

MJBizMag May-June 2023 - 1
MJBizMag May-June 2023 - 2
MJBizMag May-June 2023 - 3
MJBizMag May-June 2023 - 4
MJBizMag May-June 2023 - 5
MJBizMag May-June 2023 - 6
MJBizMag May-June 2023 - 7
MJBizMag May-June 2023 - 8
MJBizMag May-June 2023 - 9
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MJBizMag May-June 2023 - 12
MJBizMag May-June 2023 - 13
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MJBizMag May-June 2023 - 52
MJBizMag May-June 2023 - 53
MJBizMag May-June 2023 - 54
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https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-april-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-march-2021
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https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-january-2022
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