The HIA Challenges the DEA’s Recent CBD Code
Americans and Canadians Spent $53.3 Billion on Weed Last Year
U.S. and Canadian weed consumers plopped down $53.3 billion for legal and illegal marijuana in 2016, according to a new report from Arcview Market Research. However, the vast majority of those transactions took place on the black market.
Still, this is more money than Americans spent at McDonald’s and Starbucks combined, according to QSR Magazine.
Arcview’s 22-page executive summary for the “State of Legal Marijuana Markets” estimated that the black market still accounts for 87 percent of marijuana sales, down 90 percent in 2015.
The North American legal weed market posted $6.9 billion in revenue in 2016 alone, a 30 percent increase from the year before—meaning that it’s growing as fast as broadband internet grew in the 2000s, according to the Pew Research Center.
But, still, it sounds like quite a bit of revenue is going into the illegal market.
Cannabis Software Companies Seek to Legitimize the Marijuana Industry and Cash In
Canna-lady Care: Woman donates kidney to Marijuana Dispensary Co-worker
Florida Man Kills Intruder, Charged With Marijuana Crime
A Florida man, who was forced to kill an intruder who invaded his home over the weekend, could now be facing a stiff prison term for a couple of marijuana-related offenses.
Reports indicate that 37-year-old Michael Mora of Hialeah (Miami-Dade County) was hanging around the house on Saturday afternoon when four men came blasting in with blitzkrieg enthusiasm and attempted to rob him.
However, before this group of thugs could gain control of the house, Mora whipped out a pistol and retaliated with rounds of lead, killing one of the assailants. The other three scoundrels managed to escape, making their getaway in a green car, according to CBS Miami.
Pot Reforms Flood State Legislatures
In a race to nail down legalization before the unspeakable happens, legislators in more than a dozen states have introduced measures to loosen laws restricting access to or criminalizing marijuana.
Advocates who support legal medical and recreational weed, which is now up to 60 percent in the U.S., seem to feel the urge to express their support to their corresponding officials and beyond.
The patchwork of various measures, laws, rules and restrictions that govern legal marijuana in 28 states could be propelling the urge for some type of continuity and consolidation, as we come ever closer to having an attorney general who has said “good people don’t smoke marijuana.”
Several states are taking early steps toward decriminalizing possession of small amounts of marijuana, reported the Hill.
- 191,085 Views Category: Odd
- 150,238 Views Category: Fun
- 139,713 Views Category: Culture
- 100,741 Views Category: Culture
- 99,323 Views Category: Culture
- 99,094 Views Category: Fun
- 79,838 Views Category: Culture
- 78,011 Views Category: Odd
- 69,907 Views Category: Fun
- 63,083 Views Category: Fun