Sunday 14 August 2016

Roy Exum: Marijuana Is On Fire – The Chattanoogan

I’ve a guess, for only a Coca-Cola in fact, that marijuana will probably be utterly legal within the United States inside 10 years. And the rationale I’m so keenly is as a result of it’s believed the local weather and the soil of Tennessee are simply good for elevating a powerful crop of ‘Ganja.’ Want me to go a step additional: I need to develop it. Really, however I swear I don’t smoke it. Seriously it’s an awesome money crop.

Growing (non-psychotic) hemp simply turned legal in Tennessee, which many consider is a step in the direction of a special “weed.” Hemp is a cousin of “giggle weed,” don’t you see, and is utilized in so many issues at present it can boggle your thoughts.

Right now leisure marijuana is legal in 4 states. You should buy it as simply as you possibly can a pack of cigarettes in Alaska, Colorado, Oregon and Washington. On Nov. eight, 5 extra states could have legal vast-open marijuana on the poll and I’ll guess simply as many Cokes that “wacky tobacky” wins in each one:

The nice funding-advisory web site, The Motley Fool (idiot.com), seems at these 5 with this view:

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CALIFORNIA – “Without question, the crown jewel of the marijuana movement would be a victory in California. California has the largest economy among U.S. states by a mile, and if it were a stand-alone country it would represent the eighth-largest annual GDP in the world,” writes the Fool’s Sean Williams. “Gaining recreational marijuana approval in California would give the industry access to a huge population of potential users, as well as give Congress the ultimate in marijuana guinea pigs to monitor,” he provides, pointing to estimates that taxes and licensing charges would give the state about $1 billion (with a “b”) in further income.

NEVADA – Are you kidding me, it’s a shoo-in! Here’s what Williams wrote, “Nevada is already home to “Sin City” and a vast network of medical marijuana dispensaries, making a move to legalize recreational marijuana only natural. If Question 2, as the ballot measure is known, is approved, recreational cannabis in Nevada would be subject to a 15% wholesale tax. The revenue generated from this tax would predominantly be shuffled into the K-12 education budget.”

MAINE – “… The move isn’t surprising given that Maine legalized medical cannabis in 1999, becoming the sixth state in the U.S. to legalize the substance for certain medical ailments” and “… when the state’s (Marijuana Policy Project) asked respondents how they felt about taxing and regulating marijuana, regardless of how they felt about it, 59% favored the idea of taxing and regulating the substance. If approved, the first $30 million in tax revenue collected would go toward school construction, with the remainder heading into the state’s General Fund.”

MASSACHUSETTS — Williams cites a few 2014 polls  as he says the initiative might fall however when the voters study extra there isn’t an opportunity it won’t move: “Massachusetts would require consumer to pay the state a 6.25% tax, plus a 3.75% excise tax. Local taxes could also be imposed, up to 2%. ArcView (a cannabis tracking firm) estimates that the legal recreational market could lead to $300 million in sales by 2018, with sales tripling to approximately $900 million by 2020. Inclusive of Massachusetts’ medical marijuana market, we could be looking at a nearly $1.2 billion legal marijuana industry in the state by 2020.”

ARIZONA – The author says this can be a longshot however I disagree – there’s an excessive amount of momentum all throughout the county. Williams’ view: “A recently released poll from O.H. Predictive Insights showed that a mere 39% of Arizonans support the idea of recreational cannabis compared to 52.5% who oppose it. Another 8.5% of polled people remained undecided. According to (a spokesman) older Americans tend to be more conservative in their views of marijuana, and in Arizona older Americans appear more likely to vote, thus dooming the initiative to failure.”

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You may ask, why is Motley Fool, an funding supply, so keenly eager about marijuana? Here’s Sean Williams’ easy rationalization. Read this slowly so it’ll actually sink in. “Over the previous 20 years we have seen unimaginable progress within the legal marijuana enterprise.

“Starting with the passage of a compassionate use law in California in 1996 for medical patients, medical marijuana has become available in half of all U.S. states. Based on data from cannabis research firm ArcView, legal marijuana sales hit an estimated $5.4 billion in 2015 (that just in four states plus Washington D.C.) and legal sales could grow at an average of 30 percent per year through 2020.”

Just for enjoyable, the Motley Fool predicted the subsequent 11 states it believes will legalize leisure marijuana (so as of acceptance): Massachusetts, Nevada, California, New York, Vermont, Minnesota, Connecticut, Maryland, Rhode Island, Maine and Delaware.

The final 11 states it’s believed to legalize leisure marijuana (so as of reluctance): Alabama, Arkansas, Georgia, Idaho, Indiana, Kansas, Oklahoma, South Dakota, Tennessee (nonpsychoactive canabidiol for medical function is legal, as in Georgia, however there isn’t any infrastructure to make it obtainable,) Utah and Wyoming.

Want to take a position sooner or later? Forget politics … marijuana, I’m telling you. It’s scorching.

royexum@aol.com


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