14 Ways Marijuana Legalization Could Boost The Economy

Two states became the first to legalize marijuana for recreational use Tuesday, but it's not just users that may get a high as a result.

Colorado and Washington state voted Tuesday night to legalize marijuana , sparking celebrations distinct but not mutually exclusive from those rooting for Barack Obama . But it's not just stoners and Democrats who should be exhaling a deep cough of relief -- economists too may find the news worthy of some bubbles or bubblers.

The states could see a major economic boon because of the legalization. The new measure is expected to bring the two states more than $550 million combined, with more than 300 economists previously estimating that legalizing pot could save the U.S. up to $14 billion a year . That's not even taking into account the extra Funyun consumption.

Here are 14 reasons why marijuana is good for the economy: