--- description: According to a new report title: Marijuana's Economic Impact Could Hit $44 Billion by 2020 image: https://static.time.com/v3/assets/bltea6093859af6183b/blt5efdc5cb11ea8177/69888af63c163974f645c6ed/cannabis.jpeg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [Business](/section/business/) ## Business Update your preferences in [Account Settings](/account/preferences/) Close * [Drugs](/tag/drugs/) ## Drugs Update your preferences in [Account Settings](/account/preferences/) Close # Marijuana's Economic Impact Could Hit $44 Billion by 2020 by [Sarah Begley](/author/sarah-begley/) ## Sarah Begley Update your preferences in [Account Settings](/account/preferences/) Close Mar 15, 2016 12:24 AM CUT  Cannabis In Plastic Bag Against Colored Background Cannabis In Plastic Bag Against Colored BackgroundChristina Hempfling—EyeEm/Getty Images by [Sarah Begley](/author/sarah-begley/) ## Sarah Begley Update your preferences in [Account Settings](/account/preferences/) Close Mar 15, 2016 12:24 AM CUT The U.S. economic impact of marijuana could hit between [$24 and ](http://mjbizdaily.com/exclusive-u-s-marijuana-industrys-economic-impact-hit-44b-2020/ "undefined")[$44 billion](http://mjbizdaily.com/exclusive-u-s-marijuana-industrys-economic-impact-hit-44b-2020/ "undefined") in the next four years, according to a new report by _Marijuana Business Daily_. Economic impact includes not only sales of marijuana itself, but also any other dollars pumped into the economy in association with marijuana, from grow-lights to pipes, [Yahoo reports](http://finance.yahoo.com/news/marijuana-economy-will-hit-44-billion-impact-by-2020-133004729.html "undefined"). MBD assigned marijuana an economic multiplier of four, meaning for every dollar spent on weed, three more dollars are also added to the economy. MBD’s prediction for the 2016 economic impact of marijuana was between $14 and $17 billion. \[[MBD](http://mjbizdaily.com/exclusive-u-s-marijuana-industrys-economic-impact-hit-44b-2020/ "undefined")\] ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/4258609/marijuana-weed-economic-impact-billion/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/4258609/marijuana-weed-economic-impact-billion/"},"headline":"Marijuana's Economic Impact Could Hit $44 Billion by 2020","datePublished":"2016-03-15T00:24:26.000Z","dateModified":"2026-02-22T15:53:43.262Z","description":"According to a new report","url":"https://time.com/4258609/marijuana-weed-economic-impact-billion/","keywords":["Drugs"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt5efdc5cb11ea8177/69888af63c163974f645c6ed/cannabis.jpeg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Sarah Begley","jobTitle":null,"url":"https://time.com/author/sarah-begley/"}],"articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt5efdc5cb11ea8177/69888af63c163974f645c6ed/cannabis.jpeg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"579017827","caption":"Cannabis In Plastic Bag","creditText":"Christina Hempfling—EyeEm/Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/drugs/","name":"Drugs"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/4258609/marijuana-weed-economic-impact-billion/","name":"Marijuana's Economic Impact Could Hit $44 Billion by 2020"}}]}] ```