An interesting study from the University of New Mexico and California Polytechnic University have suggested that embracing Marijuana more fully leads to higher job growth and economic potential. The findings include this quote:
Connecting their study to New Mexico’s recent legalization of adult-use cannabis, Stith says, “Our results suggest that, by preventing counties from banning dispensaries, New Mexico’s approach to legalizing cannabis will yield more widespread employment benefits than those experienced in Colorado. In fact, we may already have begun experiencing some of the benefits as producers begin preparing for dispensaries to open in April 2022.”
The University of New Mexico
We recently added marijuana and psilocybin equities to our growth portfolio as there is growing demand for these products and their derivatives such as CBD oil and hemp products for marijuana and treatments for cluster headaches and depression for psilocybin.
If we were to assume these businesses do eventually become highly successful, their growth will help drive greater demand for industrial properties and logistics such as that found in our recent acquisition of ILPT.
DISCLOSURE: Econonaut member(s) have positions in ILPT, SNDL, CYBN, and MNMD.