The legal cannabis sector is expected to generate $40 billion and more than 400,000 jobs by 2021 in the United States, according to a study by consulting firm Arcview includes direct purchases by consumers of $20.8 billion and indirect revenue for growers and various subcontractors as well as money spent with businesses not affiliated with the sector, such as supermarkets.
It is expected $4 billion in taxes to be generated within three years.
Recreational use of marijuana became legal in California and will lead to the creation of nearly 100,000 cannabis industry jobs in California by 2021, about a third of the nationwide figure and 146,000 jobs overall when indirect effects are considered.
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