Hotels See Significant Boost In Revenue Following Marijuana Legalization, New Study Shows - Marijuana Moment
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A new study exploring the impacts of adult-use marijuana legalization on the hospitality industry finds that “hotel revenue increases by 25.2% (or $63,671 monthly) due to dispensary legalization, with the effect continuing to grow even six years after legalization.” The research article, published in the journal Production Operations and Management (POMS), draws its inferences from […]
  • BeNotAfraid@lemmy.world
    9·
    8 days ago

    Almost like there’s a market for people who want to consume the single most popular (still largely in many places) illicit substance in the world. Crazy.

  • chicken@lemmy.dbzer0.com
    2·
    8 days ago

    Comparing hotels in Colorado to hotels in New Mexico, where cannabis was illegal during the study period, the team’s analysis found that “on average, monthly hotel revenue increases by 25.2% upon the legalization of recreational marijuana dispensaries …

    The type of location also plays a crucial role, with hotels in resort areas benefiting the most from retail dispensary legalization

    I’m kind of skeptical about the conclusions here because from what I understand everything in Colorado got more expensive and crowded over that time period, especially in resort areas, which probably was because of other factors too.

    • Atelopus-zeteki@fedia.io
      2·
      7 days ago

      Correlation is not causation. Sometimes folks can’t help but see what they want to see. I mean is it really “got some ganja”, therefore “better go rent a hotel room.” If so then wouldn’t there be other indicators of increased tourism.