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Tuesday, April 20, 2010

Marijuana & Money: An Insider Look Into This Multi-Billion Dollar Industry - CNBC

sooner or later the world realizes marijuana cures cancer, even brain cancer(see rick simpson's run from the cure documentary on hemp oil), restores destroyed farm land, used as a fuel and completely fixes the economy. i have to give it to cnbc for covering this. -st0ckman

Put arguments for and against legalization aside for a moment. If people could use marijuana—without fear of legal consequence—just how much would get used? More to the point, how much money is at stake?

Jars filled with various types and grades of Marijuana.
Getty Images

A variety of businesses and tax-deprived governments would love to know the answer. Unfortunately, there isn’t a simple one. By its taboo nature, marijuana consumption and demand is not well-measured.

Economists, reformists, law enforcement authorities and the pro-marijuana lobby, however, have come up with a variety of estimates. Put them all together and you get a range of $10 billion to over $120 billion a year. Such a wide spread is hardly a solid answer.

But some calculations may be better than others. All estimates begin with some key assumptions on the basic economic theory of supply and demand, thus laying the foundation for the size of the pot market.

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Marijuana & Money: An Insider Look Into This Multi-Billion Dollar Industry - CNBC

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