By Sarah Begley
The U.S. economic impact of marijuana could hit between $24 and $44 billion 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. 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]
More Must-Reads from TIME
- How Donald Trump Won
- The Best Inventions of 2024
- Why Sleep Is the Key to Living Longer
- How to Break 8 Toxic Communication Habits
- Nicola Coughlan Bet on Herself—And Won
- What It’s Like to Have Long COVID As a Kid
- 22 Essential Works of Indigenous Cinema
- Meet TIME's Newest Class of Next Generation Leaders
Contact us at letters@time.com