
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
- Cybersecurity Experts Are Sounding the Alarm on DOGE
- Meet the 2025 Women of the Year
- The Harsh Truth About Disability Inclusion
- Why Do More Young Adults Have Cancer?
- Colman Domingo Leads With Radical Love
- How to Get Better at Doing Things Alone
- Michelle Zauner Stares Down the Darkness
Contact us at letters@time.com