Having a pot shop in Broken Arrow has many advantages, both economic and otherwise. This article will explore some of the economic benefits that having a pot shop can bring to this city. In addition, it will discuss why now is the perfect time for Broken Arrow to open a pot shop.
Tax Revenue
The first major economic benefit of having a pot shop in Broken Arrow is the potential increase in tax revenue. With legal marijuana sales becoming more common across the US, cities like Broken Arrow are likely to see an influx of new money coming in from taxes on marijuana sales.
It is estimated that these taxes could be anywhere from fifteen to twenty percent depending on where you live, making them an attractive source of income for any city looking to invest in infrastructure or other projects.
Job Creation
In addition to taxes, a pot shop such as Med Pharm OK, can also create jobs for residents. As more people come into town looking to purchase marijuana, it stands to reason that there will be an increased demand for employees at the pot shop itself as well as those who work in related industries such as security, transportation, and packaging services.
This growth could potentially lead to new job opportunities in Broken Arrow and help boost the local economy even further.
Economic Growth
Finally, having a pot shop can help stimulate economic growth in the area by bringing new customers into town who may not have visited before. This could lead to an increase in tourism and spending at other businesses within the city limits, which would ultimately help boost local sales and provide a much-needed boost to the economy overall.
Additionally, because marijuana is still relatively new and unregulated (at least compared to other substances), there are likely to be many new business opportunities available that could take advantage of this emerging industry.
