Natalie Gochnour, Salt Lake Chamber chief economist and senior advisor, tackles the repercussions of the legalization of recreational marijuana use in Colorado in her most recent Utah Business column.
Gochnour draws comparisons between Colorado and Utah and examines the economic development consequences of this new policy–she even argues how Utah has an advantage over its neighboring state.
Here’s a snippet of the article:
The legalization of pot has lots of economic overtones, but none as significant as the economic development repercussions. Shortly after Colorado legalized pot, I heard a seasoned business leader with businesses in both states comment on the detrimental effect Colorado’s actions would have on its economy. With legalization, prices will fall. As prices fall and the legal barriers are removed, consumption will rise. Business leaders cringe at the thought of a workforce that is high.
You can read the entire column here: http://utahbusiness.com/articles/view/going_to_pot