Thursday, March 24, 2011

Too big to fail?

Let's hope so:


I suspect the medical marijuana industry, thanks to its fast growth, is approaching an important financial tipping point as it becomes legal in more states. At a certain size, it will have enough employees, related businesses who depend on it, and governments who rely on its tax revenue that it will become integral in the greater economic web. As a result, it will start gaining political clout as it becomes better able to directly lobby for its interests and becomes more important to the overall economy. Effectively, the industry will be increasingly “legitimated,” mainly because the political system won’t be able to afford not to.

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