The decision by Massachusetts voters to legalize the use of recreational marijuana has created an industry that brings with it additional tax revenue, job creation, marijuana and accessory sales, and even a new form of tourism. Recreational marijuana is expected to become a $1.17 billion industry by 2020, advocates say.
“With the new recreational marijuana legislation, there is potential for larger revenue than (generated by) cigarettes and alcohol,” said Randall Ellis, an economics professor at Boston University and former president of the American Society of Health Economists.
STATE BY STATE: Massachusetts Cannabis News
Ellis explained an important aspect of this legislation is the opportunity for “canna-tourism” to emerge, where people travel to a region or state to take advantage of legalized marijuana.
