The term “green economy” could take on a new meaning with the Massachusetts’ medical marijuana law. State coffers may be enriched by administrative fees. New business opportunities could mean more jobs and tax income.
And that may only be the start. The numbers could get much larger if Massachusetts follows a future path to legalizing pot for recreational use.
“Certainly, some people will get jobs and there will be some revenue from the sale of marijuana,” said Harvard University economist Jeffrey Miron, a longtime advocate for the legalization of marijuana. “Exactly how that works out, whether it’s a lot or a little, depends exactly on how it’s implemented.”