Jack Strauss

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Colorado: Thousands of Colorado Springs Jobs Could Be Created, Report Suggests

Colorado Springs

By Michael Bachara
Hemp News

If Colorado Springs, the second-largest city in Colorado, allowed recreational cannabis sales, its share of the state’s cannabis market would rise to to 14%, according to an economic impact report by a University of Denver professor.

The study, authored by Jack Strauss, the Miller Chair of Applied Economics at the university’s Daniels College of Business – assumes that all medical cannabis companies in Colorado Springs would transition to the recreational industry.

The study found that allowing recreational sales could create 1,320-1,762 jobs for the city and bring in $25.4 million in revenue from taxes and business fees.

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