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Home 🌿 Marijuana Business News 🌿 Economist: Medical marijuana a good thing for Maryland 🌿Economist: Medical marijuana a good thing for Maryland
The "enormous demand" for medical marijuana, which only figures to grow as the population ages, sets the stage for a new multimillion-dollar industry in Maryland that will create hundreds of jobs, according to a leading regional economist.
"This will create a mix of private and public positions, and also make people feel better," said Anirban Basu, chairman and chief executive officer of Sage Policy Group, a Baltimore economic and policy consulting firm. "From an economist perspective, none of this sounds troubling."
The market is one that has grown tremendously in the United States in recent years, with a total of 23 states and Washington, D.C., having legalized cannabis for medical use. Another seven states have legislation pending.
As companies eye Maryland, which became the 21st state to legalize medical marijuana, jobs will be created as 15 cultivation licenses are issued and two dispensaries in each
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