Yes, Arnold may actually pump you up with tourism dollars … from marijuana.
It’s no secret the California economy is in deep shit. But thanks to California’s creative entrepreneurial spirit, the largest state in the US union is also one of the top 10 economies in the world.
Those entrepreneurs are waking up to one of the greatest market opportunities within what’s already becoming one of the hottest new economic sectors in the US: marijuana tourism. The AP reports:
“The Dutch government moved a step closer to barring tourists from Holland’s signature marijuana bars with a ruling by the European Court of Justice on Thursday.”
One economy’s loss is another’s gain.
Let’s take a deeper look at how much of a multiplier effect marijuana tourism will have on other businesses:
That’s a lot of profits for ConAgra Foods (NYSE:CAG), Constellation Brands (NYSE:STZ), International Paper Company (NYSE:IP), Dow Chemical Company (NYSE:DOW), and maybe even those altruists over at Altria Group (NYSE:MO) if they have half a brain as to how to make the best use of their global distribution platform for a waning tobacco business.
California: you already survived the gold rush and tech boom. Now get ready for the marijuana tourism boom.
Check Out: The Economics of Marijuana Reform >>