Most marijuana advocates are well aware that putting an end to the dark days of pot prohibition could placate the economic turmoil of the United States.
However, the latest statistics show that with Uncle Sam’s foot still firmly on the neck of the marijuana farmer. The government's stranglehold on farmers is making a second-class citizen out of cannabis cultivation in this country, and ultimately preventing the American economy from reaping benefits of what could be the nation’s largest cash crop.
The folks at Floating Sheep recently published an insightful map, which serves as an outline to help the average pot proponent better understand the current position of the marijuana marketplace, not to mention the missed revenue opportunities as the result of the Fed’s black listing efforts.
Interestingly, the map shows that the cost of marijuana continues to rise the further we move east, with some of the lowest cannabis costs turning up in places like Northern California, Eastern Kentucky and Western Tennessee. Of course, these pricing trends continue to fall in line with other goods and services: costing more in larger cities.
It will not surprise you that the marijuana market is considerable; however, it may shock you to know that it has an estimated value of somewhere between $10 billion and $120 billion per year. To put that in perspective, the brewing industry, responsible for stocking liquor stores, bars, sporting events, etc., is worth just over $100 billion.
There is speculation that marijuana is the real king of the American cash crops, as some studies have found its earning potential to be more substantial than the combined efforts of our country’s current meal ticket -- corn and wheat -- worth $30.8 billion.
To capitalize on such an enormously bountiful industry seems like a no-brainer, especially considering the ongoing struggles reverberating from the country’s economic recession in 2008, but would you believe there are currently no known economic analysis of the marijuana market -- not even any rumors of them circulating around the lunch rooms on Wall Street.
It's not for a lack of trying. Experts say that attempting to analyze and study what is considered an underground economy is an extremely difficult task, mostly because this type of research has a tendency to consist of questionable data, collected essential by studying ghosts.
Yet, as support for marijuana legalization continues to increase around the country, some experts say that it is crucial to gain a better understanding of the market potential and ultimately weigh that potential against the money the government is currently spending to enforce its supposed war on drugs -- about $40 billion per year -- nearly $1 trillion dollars since President Nixon attempted to rid the nation of the dreaded dope fiend.
It is apparent -- marijuana will make money for America, not waste it. So, why not give it a try when it appears as though everything else is no longer working?