With medical marijuana on its way, varied industries prepare for ‘green rush’

Missouri businesses like gardening suppliers, security and legal services could see a boost in demand as a medical marijuana program is established in the state. The first medical marijuana sale won’t happen until early 2020, but it is already providing a business opportunity for supporting industries.

Missourians approved a medical marijuana amendment with 65 percent of the vote in November. New Frontier Data estimates medical marijuana will generate up to $111 million in annual sales by 2025.

A 2016 study of Colorado’s marijuana industry found that every dollar spent on retail marijuana generated an additional $2.40 in total economic output. The study also found that warehousing, cash-management, testing and climate control industries were also positively affected.

Despite the report focusing on Colorado, which has legalized recreational marijuana, Miles Light, one of the study’s authors, said it remains relevant to Missouri — and that the state could see significant activity as a result of the law change. “A lot of different people are making money on the whole ‘green rush,’ and it all adds up,” he said

Read more: Kansas City Star

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