Why Legalizing Marijuana Could Give the U.S. Economy a Big Boost [The Motley Fool]
NEW FRONTIER CORP (NFC)
Company Research
Source: The Motley Fool
Why Legalizing Marijuana Could Give the U.S. Economy a Big Boost A lot of the talk on the markets these days is about a possible recession. Falling interest rates have raised concerns about how much longer the U.S. economy can keep going at its current pace. A big trade war with China doesn't help things, either. However, one industry that could have a significant positive impact on the economy may not get the chance to help. I'm talking about the cannabis industry. Job growth could be significant According to New Frontier Data, there are about 0,000 jobs in the U.S. legal pot market today. That's an increase of more than 0% from last year. The company projects that by 0, that number will more than double to 7,000. While that's impressive growth in just six years, the real potential will only be realized if cannabis is legalized federally. Under that scenario, the current number of jobs could rise to . million in 0. Even in 09, New Frontier believes there could have been . million can
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