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Economical Benefits of Recreational Cannabis

economic impact of recreational and medical cannabis use

There are numerous recreational cannabis benefits that range from mildly helpful to downright healthy. These benefits are the reason that many people around the country enjoy using cannabis. But, aside from the personal benefits that come from using cannabis-based products, what is the economic impact of recreational and medical cannabis use? 

Personal Economic Benefits

Forget the old trope of the lonely stoner hanging out on the raggedy couch in his mom’s basement while perusing minimum wage job advertisements that he’ll never take. No. That’s not what the stoners of the 2020s are. Instead, cannabis users around the country are hard-working and motivated professionals breaking barriers and fighting against stigmas. The cannabis industry is booming and it’s being driven by career-minded people who also understand the importance of legalized weed. These people not only see the positive personal benefits for cannabis use but also the economic benefits. Cannabis is not only used as an alternative for costly medications but can also be much less expensive than other mind-altering habits like alcohol (plus, who doesn’t love the benefit of no hangovers). 

Despite the stigma, there are personal economic benefits that come from using cannabis. Although there are outliers (as there are in every situation), many people who choose to use cannabis do not just waste their entire paycheck on weed and food. 

Far-Reaching Economic Impact of Medical and Recreational Cannabis

While personal economic benefits are great, that’s not what state and federal lawmakers are looking at. Instead, it is important to recognize the further-reaching benefits that medical and recreational cannabis can have on the economy. As cannabis is able to reach more people, it will bring positive impacts to these areas. 

A new industry is often a good thing especially in situations where there are many other markets, but they’re saturated. Cannabis is a brand new industry for many states and is an opportunity for a crop of new people and businesses to enjoy the many offshoots that it provides. Not only does cannabis legalization provide the typical retail market that most are familiar with, it also provides adjacent businesses like cultivators, processors, packaging, distribution and all the other businesses that go into an entire market (even storage – we can’t resist that shameless plug, it is our own blog, after all). 

With most cannabis-centric businesses being small and local businesses, it is an opportunity for even micro-economies to become revitalized. The revenue from these businesses has an opportunity to right back into the pockets of locals instead of large corporations.

Cannabis Jobs and the Economy

With any new industry also comes the need for jobs within that industry. What’s great about the cannabis industry? Unlike other industries where cannabis users are barred from employment because of archaic practices like drug tests looking for marijuana specifically, the industry is open to employees who use cannabis and may even be encouraging to those who are applying. This opens up an entirely new applicant pool which can bring further benefits to the economy.

Tax Revenue

How could we talk about legalized weed and not talk about tax revenue? In fact, it’s one of the first things that people talked about when states like Colorado and Washington legalized recreational weed, but it’s something that (while saturated) shouldn’t be overlooked. As more states legalize cannabis, they begin to see the booming economic benefits for the state as a whole. Thanks to the often high taxes that states can require for cannabis sales, it is an opportunity to bring much-needed revenue in tax dollars. 

Saving Money

If we’re looking at tax revenue, we also have to look at the savings legalized cannabis can bring to taxpayers. With cannabis being legal, it will lead to fewer people who are incarcerated on charges related to its use and purchase. This means less taxpayer money going to incarcerated individuals. Punishing criminals costs an almost-obscene amount of money and the reduction in cannabis-related crimes combined with the revenue from cannabis can drive tax costs down. 

Aside from research that continues to promote the healthful benefits of both recreational and medicinal cannabis, the positive economic impact is undeniable. As more states continue to legalize, we will continue seeing the medical and recreational cannabis benefits. The economic impact of recreational and medical cannabis use is just one more positive point for legalizing it across the states and at a federal level. As a company in the cannabis industry, FreshStor pays close attention to it. Not only do we provide you with the world’s smartest curing and storage container in the CVault, but we can also help you stay up to date on important information regarding cannabis! 

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Always trying to keep us down. IG removed our hashtags #thecvault & #cvault from the platform. Make sure to tag our actual account @thecvault in your cvault pics as we won’t be able to find them using hashtags any more.
This is a sick shot by @cannabisoncamera x @bovedacannabis 
Hope everyone is having a great weekend. Anyone going to CHAMPS in Vegas at the end of the month? SQUAD!!!
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@dilligafcustomdesigns is getting his trim on!!! Im gonna share a video next week that shows how he creatively uses those drip trays! Mans is on some genius shit!
Have an awesome Saturday fam!
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HAPPY FRIDAY FAMILY!!! @desertlisa420 had the sesh set up dialed in!!!
Show us your sesh set up and make sure to tag us in your cool CVault pics for a repost!!!
Have a great weekend.
@seandietrich @wakitgrinders @toker_poker @invincibowlofficial @kobbglass 
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Anyone down for a dab? @christinalakecannabis takes pride in their process and makes sure their valuable product is kept protected in EVaults! Glass is too risky!!! 316 SS is the best and safest way to store cannabis extract. 
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AAAYYYEEEEE!!! With the oldschool Pink CV Lid!
@midnitetoker505 has been rocking with us for a minute now! He's an award winner and all around good dude! Go see him at @harvestfoundation.abq 
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Who out there has tried this strain #whitetruffle ? This looks unreal. I have heard only a few people have access to this pheno! One of which is the legendary @beleafcannabis who is responsible for this sick clip! Glad you got your page back fam! Nothing but love for ya!
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Happy belated 710! Lol! Globs anyone? @christinalakecannabis has the gold on deck! Honored to work with them to keep thier product safe!
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OOOOWEEEEE!!! This #gorillaglue grown and shot by @the_loco_gardener is looking NOICE!!!! The CVault is delivering that heavy hall of mirrors effect for a beautiful overhead shot.
Happy Sunday Fam, hope everyone is staying fly and high!
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Check out this #garlicicing from the one and only BeLeaf @indoorgourmetgarden 
The dark overlord Zuck is try to keep fam down, but homie CANNOT be STOPPED!!!
Seriously crushing the game with these flowers!
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LOLOL! Fuckin KEVIN! Shoutout to the peeps over at @dundersplifflininc 
Check them out!
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Check out these EVaults at -80, chillin over at @christinalakecannabis 
Glass is too risky!!!
Upgraded 316 surgical grade stainless steel ensures your product is protected from most accidents!
Nobody plans to get in a car accident, just like no one plans on dropping a glass jar full of distillate. Be prepared!
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Hope everyone had a good and safe 4th!
@windycityclouds has an 8L CVault with some beautiful #garypayton chillin inside! The 8L will accomodate a pound.
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PSA! Fireworks can be dangerous in the wrong hands. Super cool and fun though. No one was vaporized in this video. *Trigger Warning? 🤷🏽‍♂️

Also, please dont be Christina... Have fun and BE SAFE out there tonight!!!
HAPPY 4TH OF JULY!!!
Happy 4th Of July!!!
Anywhere in the US doing Firework Balloons? These things look sick!!!
You gotta check out these #tropicanacookies bred by @oni_seed_co and cultivated by @happydaddyproducts 
That frost and color is on point!!!
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Stored and ready! This is how @christinalakecannabis stores their bulk extract. Keeping that much value in a glass for longer than it has to be, just doesnt make sense! We are really honored to be a part of their process. 
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@210sfarms always has the most beautiful nugs on dec!
Hope everyone is having a killer week! 
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