| dc.description.abstract | Recreational marijuana is now legal in five states and Washington D.C. While many studies have been conducted on the health implications of marijuana, virtually no studies have been conducted on the financial implications of marijuana. This paper attempts to bridge the gap between existing research and current events to give a complete and thorough overview regarding the financial implications of recreational marijuana. Specifically, this paper discusses the sales revenue of recreational marijuana, the tax revenue collected from recreational marijuana, the employment statistics of recreational marijuana, the impact of recreational marijuana has on real estate values, the growth of marijuana niche businesses, and the potential marijuana has to be sold as a financial security via the commodities market. It is important to note that this paper is not intended to be argumentative. While there are varied opinions on the legitimacy of recreational marijuana, this paper does not take a stand on the issue. | |
