| Posted on Fri, December, 20th 2013 by THCFinder
Colorado and Washington have pioneered the way for states looking to legalize marijuana and basically tell the Feds to screw off (even though the Feds don't actually listen). Now, as the ball starts to get rolling, other states are paying close attention to what these two states are pocketing. In Colorado, Amendment 64 was said to be able to save the state $12 million a year in reduced criminal costs, as well as generate $32 million in revenue. Washington projects even higher numbers, as they took cannabis tourism in to account. The revenue projected for Washington is $530 million. With that much green involved, who wouldn't want to keep an eye on what's happening?
There are numerous states who are working on passing medical marijuana, decriminalizing the plant, and some are simply trying to get the current laws to ease up. After all, being jobless for years because you got caught with a roach doesn't really seem fair or productive to the economy, right? It's the western states, such as Ohio and Illinois that are hating on cannabis, where in Ohio, there was a House Bill introduced that completely repealed medical marijuana.
On the other hand, there are other companies that are getting in on marijuana industry while it's still young. Most people are familiar with the banks and their disregard for cannabis based revenue but in Washington, Bank Of America has said flat out that they will take money from the sale of marijuana. This is definitely a smart move on the part of the bank, who stands to make a good deal of money once the sales of legal cannabis take off in 2014.
2014 will probably bring the legalization of cannabis in at least one country; Uruguay. President Jose Mujica has made his stance on marijuana very clear and believes that by legalizing it, the crime rate in his country will drop, His country is set to vote on the passing of the measure that will establish a regulatory group as well as controls to for the legal use and sale of cannabis is Uruguay. This country is the first to be developing a model for full cannabis legalization. Let's keep our fingers crossed that other countries will do the same! Even if no one legalizes in 2014, we're sure to see more states giving way to leaner laws regarding our favorite plant.