Next battleground for unions: Marijuana
Surprisingly, some business owners welcome organizing efforts by employees.
The multibillion-dollar marijuana industry has become a hotbed of union organizing.
According to Reuters, the United Food and Commercial Workers Union, the largest retail union, has been bombarded with requests from dispensary workers to join since the election. "I can't keep up," Dan Rush, who heads the union's cannabis division, tells the news service.
The stakes couldn't be higher. As CNBC recently pointed out, estimates of the size of the burgeoning marijuana industry range from $10 billion to $120 billion.
The pro-marijuana group NORML calls pot the third-most-popular recreational drug in the U.S., ranking behind alcohol and tobacco. Nearly 100 million people have admitted to partaking. Not surprisingly, union organizers are interested in the industry, which according to one estimate could employ 100,000 people in California alone.
The union's cannabis unit says it uses traditional organizing tactics to bring fair wages and benefits to an industry that "has been operating in the shadows."
Voters in Colorado and Washington decided last year to end all criminal and civil penalties for cannabis use by adults. Eighteen states since 1996 have permitted the medically authorized use of marijuana.
Surprisingly, some dispensary operators are backing the unionization efforts because they see competitors breaking labor laws and ducking taxes, according to Reuters. But other dispensary owners, like those in many other industries, remain leery of unions.
More on moneyNOW
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.
Trending NOW
- 1.hhgregg
- 2.spy
- 3.tgt
- 4.euro to dollar
- 5.clnt
- 6.hpq
- 7.live stock quotes
- 8.mnkd
- 9.msft stock
- 10.aeo
About moneyNOW
MoneyNOW brings users smart, original and entertaining takes on the latest business and investing topics that are buzzing on the Web.
RECENT POSTS
A Chinese businessman snapped up the champion bird, named Bolt, for a record sum that shocked the racing community.
- Detroit puts the pedal to the metal this summer
- Is Abercrombie just for skinny kids?
- Meet the class of 2013, the most indebted yet
- Welcome to the future: 3-D printable pizza
- Apple's stock is slipping, but its brand value isn't
- Oklahoma tornado losses could top $2 billion
- Target blames weather for soggy results
- Canada grabs for America's foreign skilled workers
- Chick-fil-A thrown back into gay marriage debate
MARKET UPDATE
[BRIEFING.COM] The major averages hover near their session lows with the S&P 500 down 0.5%.
The Federal Reserve has released the minutes from its May 1 meeting. The minutes indicated that many participants believed more economic progress needs to be seen before quantitative easing can be slowed down. However, some members did express their willingness to slow asset purchases as early as June, provided economic conditions warrant the change.
With regards to inflation, the ... More
More Market News
TOP STOCKS
Labor disruptions, flooding and infrastructure problems will mean a substantial reduction in coal exports.
MSN MONEY'S
- Shared
- Commented
- Viewed



