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Marijuana Industry Has Boosted Economic Activity in the Tenth Federal Reserve District

Author

Listed:
  • Alison Felix
  • Samantha Shampine

Abstract

Since Colorado became the first state to open recreational marijuana stores in January 2014, the marijuana industry has expanded across the nation and to other states in the Tenth Federal Reserve District, including Missouri, New Mexico, and Oklahoma. Within the Tenth District, this expansion has increased commercial real estate demand and tax revenues and created jobs, but has also presented challenges for the industry and local communities.

Suggested Citation

  • Alison Felix & Samantha Shampine, 2022. "Marijuana Industry Has Boosted Economic Activity in the Tenth Federal Reserve District," Economic Bulletin, Federal Reserve Bank of Kansas City, issue October 6, pages 1-4, October.
    • Handle: RePEc:fip:fedkeb:94895
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    File URL: https://www.kansascityfed.org/Economic%20Bulletin/documents/9157/EconomicBulletin22FelixShampine1006.pdf
    File Function: Full text
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    Cited by:

    1. Jason Brown & Elior Cohen & Alison Felix, 2023. "Economic Benefits and Social Costs of Legalizing Recreational Marijuana," Research Working Paper RWP 23-10, Federal Reserve Bank of Kansas City.

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