Medical marijuana

Medical marijuana growers often call their business Montana's new gold rush.The number of licensed patients in Montana has exploded in the last two years to 20,000. They are supplied by a proliferation of nearly 4,000 caregivers, who are growing tens of millions of dollars worth of marijuana.The rush is on because it sounds like a great way to get rich, put people to work and boost Montana's economy.

Economist Patrick Barkey is skeptical.Barkey is director of the Bureau of Business and Economic Research at the University of Montana, which tracks everything from the state's tourism to agriculture and manufacturing. He's aware of no studies on the economic impact of Montana's new medical marijuana industry.

To economists, medical marijuana isn't very interesting, Barkey said. It's just another retail product, and if Montanans spend $1 on pot, it just means they're spending $1 less on some other product."It's not a growth engine for the state," Barkey said. "Unless or until we can export our product or our expertise, it is not going to (impact the state's economy)."

Jim Gingery disagrees. Gingery is a licensed caregiver, marijuana grower and executive director of the Montana Medical Growers Association, a trade group started last November.The reason medical marijuana is having a positive impact on the state's economy, Gingery said, is that lots of patients used to buy marijuana on the black market.

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