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.
Follow Jonathan Berr on Twitter @jdberr.
More on moneyNOW
this whole thing is like a freight train with no breaks. strap in an enjoy the ride.
" But other dispensary owners, like those in many other industries, remain leery of unions"
Gee, I wonder why, bahahaaaha, because unions will completely destroy any hope of a successful business.
I Be Eating Weed= IBEW
Cannibus Industry Organized= CIO
Another Fraudulent Labor union=AFL
Smoke Another Gangi=SAG
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. 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 Morningstar Inc.
While caffeine unquestionably improves focus, it blocks the ability to let the mind wander and form original ideas.
- Western wildfires raise the question of who pays
- 'The Wolf of Wall Street' is set to prowl again
- What vintage aircraft fly on: Donations, enthusiasm
- Obamacare surprise: Young people want coverage
- Urban Outfitters pulls drug-themed gear
- Donald Trump rakes in millions selling name to world
- EA's Simpsons game triggers gun fans' ire
- George Zimmer vs. Men's Wearhouse over firing
- New $25,000 rifle is fully loaded -- and then some
[BRIEFING.COM] Equities ended on their lows with the S&P 500 down 1.4%.
The S&P entered today's session with a week-to-date gain of 1.5% as investors expected reassuring words from today's Federal Open Market Committee Statement.
Stocks traded with slim losses until this afternoon's FOMC Statement and subsequent comments from Chairman Bernanke sent equities and Treasuries to their lows while also providing a significant boost to the dollar.
Today's Statement was ... More
More Market News
Plus, after much ado, Softbank is oh-so-close to acquiring Sprint.