California Economic Benefits from Legalizing Cannabis

Benefits from Legalizing Cannabis in California

California made history 20 years ago by legalizing cannabis for medical purposes. It seems like another history is in the making by legalizing cannabis for recreational use. As much as some would see this as a long time to make it, most would just appreciate that it is finally here. It is expected that the Sacramento could recover over 20,000 jobs and inject more than $4.2 billion in the economy when recreational marijuana is legalized. The best part is that people have always voted for cannabis legalization in Orange Country.

A report from the University of the Pacific shows that there are many benefits that could come with legalizing cannabis. One of them is to help deal with the menace of the marijuana black market. You will no longer have to risk your life just to buy marijuana in dark alleys.

It is expected that areas such as Sacramento would be great for cannabis such as Detroit is good to automobiles. This has been attributed to the various people who have shown interest in setting up a marijuana dispensary on every corner. The mayor of Sacramento has also said that the region could be good for investors to set up their shops as there is enough demand for the cannabis products.

As much as the state laws would allow the sale of recreational marijuana, it is up to the leadership of the Sacramento officials to allow or ban the business. It is expected that some of the cities and counties will limit the number of pot stores in their regions. Just like any other business, there is the need to regulate the marijuana industry. Some experts say that limiting the number of marijuana businesses would mean losing on some jobs. As much as that is the case, there is the need to have the right regulations to ensure access to the recreational marijuana is easy.

With the legalization of marijuana for recreational use in California, it is expected that more states might just follow it. Many are willing to legalize marijuana for medical use, but not keen for recreational use. When it becomes a success in California, then you can expect that more states would want to do the same.

A place such as Sacramento region is placed in an area with close proximity to farms and agricultural processing facilities. This means those who want to set up a cannabis dispensary will never miss products from the farms. It is the reason you will get many marijuana businesses trying to set up their growing facilities in the area. The additional factor of population should make it easy for the business to pick up in a short time.

When there are a lot of economic activities in the area, then you can expect for revenue for the state. It is expected that the Downtown area will be undergoing some serious facelifts. This is to help prepare the region for the expected business boom when recreational marijuana goes on sale. If you want to set up a marijuana dispensary, then this is the time to do so.

Leave a Comment