Weed Legalization Increases Hotel Bookings

weed legalization hotel bookingsColorado hotel room rentals increased appreciably after the nation started legal marijuana sales, a recently published study shows. Washington State also saw gains in tourism following legalization, although the impact there was modest.

Both countries were the first from the U.S. to let adult-use cannabis through legislation approved by voters in 2012. By comparing resort room leases in Colorado and Washington to countries which didn’t alter their legal position of marijuana by 2011 through 2015, researchers discovered that legalization coincided with a substantial influx of tourists along with also a increase in hotel revenue. The effect was more pronounced after the beginning of retail sales. Continue reading “Weed Legalization Increases Hotel Bookings”

States With Legal Weed Have Businesses That Do Better

Legal Weed States, Marijuana, CannabisStates are experimenting with different types of weed legalization for decades and, based on new study, industry is greater where cannabis is legal.

To investigate the effect legalization has on the market, researchers in the University of Iowa examined 9,810 businesses between 1991 and 2017, discovering”that a profusion of positive consequences” following a country enacts medical marijuana legislation. Continue reading “States With Legal Weed Have Businesses That Do Better”