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Cannabis Economics

and now, on a lighter note, The Observer reports that the ‘cannabis economy’ in the UK is worth 11 billion UKP a year:

A major new study is being used to advise well known household and high-street companies about the gains and losses they face as cannabis smoking becomes commonplace. Research has revealed that Britain’s ‘cannabis economy’ is worth 5 billion a year in sales alone. Now it has been discovered that a further 6bn of consumer expenditure each year is closely linked to the growing cannabis-users’ market.

‘Young people between 15 and 30 are very trend-conscious and aspirational,’ said Andy Davidson, who commissioned the study for The Research Business International, trend analysts who tracked the spending habits of young people for six months.The study found that cannabis users spend an average of UKP 20 on products that accompany their drug use each time they smoke.

Because smoking cannabis heightens appetite, users are providing a UKP 120 million weekly windfall to a string of takeaway food suppliers, such as Domino and Pizza Hut, and manufacturers of ‘munchie’ products such as Mars bars and Haribo jellies.

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