Opinion: Cannabis advocates praise billion-dollar market, but seem wary of big business

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Summary

This is the message marijuana advocates have been preaching for years, and they take every opportunity to praise it as a selling point. Most recently, Marlboro-maker Philip Morris reported it is watching the pot market to see where it fits in. There’s also the novelty factor associated with the cannabis market. In other words, if states need a new revenue stream, legal weed is the ticket. Canada saw a massive uptick in first-time cannabis users after it launched its legal recreational market a few years back.

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Cannabis brings big money to those U.S. states willing to legalize. This is the message marijuana advocates have been preaching for years, and they take every opportunity to praise it as a selling point.

Some of the latest numbers prove that the sale of cannabis products is poised to become one of the largest, tax-generating inebriation markets in the U.S.

A new study from the Marijuana Policy Project finds that aboutb US$7.9 billion in tax revenue has been made from pot sales since 2014. At the same time, local governments benefited...

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