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The Cannabis industry in the U.S will add  Buy Baked Bar Disposable Online more than $100 billion to the domestic economy in 2025 , according to projection from MJBizDaily , a media and data firm focused on the  http://trippy420.org cannabis and hemp industries . That amount would be a 12%  from the $90 billion in estimated economic impact the industry had in 2022. MJBizDaily also projected that, by 2027, there could be more than $160 billion added to the U.S economy , thanks to cannabis . Though cannabis is currently illegal under federal law, many states have expanded legal access to both medical recreational use of the drug, causing its projected economic impact to climb.

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To calculate cannabis economic impact , MJBizDaily looked at comparable industries, consulted with economists, and applied a standard multiplier of 2.8 on projected recreational and medical Marijuana retail sales. MJBizDaily reported that, for every $10 spent on cannabis at a retail location , $18 is added to the economy. While this money is beneficial for the overall economy , much of it MJBizDaily reported , is injected at a local level. Furthermore ,the taxes paid on large cannabis purchases have a positive impact, as well. Marijuana businesses, consumers and patients pay hundreds of millions of dollars in state and local

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Several additional business sectors have been positively impacted by the expanding cannabis industry, such as real estate, which has seen manufacturers and sellers of http://weedstrain.com cannabis create an increase demand for retail space. Other examples of industries impacted include tourism, lighting supplies, law and accounting , and agriculture. According to Vox.com, Maryland and Missouri are the 20th and 21th states to legalize recreational cannabis in the U.S