Journal Article

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

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.

Keywords: marijuana; Colorado; Federal Reserve Bank of Kansas City; employment; real estate;

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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Economic Bulletin

Publication Date: 2022-10-06

Issue: October 6, 2022

Pages: 4