Legal Marijuana in Oregon Comes With a Surprising Twist
Pardon the pun, but you could say expectations are high around the country that this could be the biggest year ever for marijuana legalization.
Consumers and legislators are seeing green
To recap, the past two decades haven't been too shabby for marijuana supporters. Some 23 states, as well as Washington, D.C., now allow for physicians to prescribe medical marijuana for specific ailments, and four states -- Washington, Colorado, Oregon, and Alaska -- plus D.C. now allow for the sale of recreational marijuana to adults ages 21 and up. Even a decade ago the thought of marijuana being legal anywhere would have been somewhat far-fetched, but it's a reality now in four states, and perhaps more by the end of the year.
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SEATTLE (AP) — A former IRS agent in Seattle is set to face trial this week on accusations that he solicited a $20,000 bribe from a medical marijuana dispensary.
Federal prosecutors say that after
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Legal Marijuana Sales Hit $5.4 Billion in 2015, Report Says
It’s not just heat lamps in closets and nickel bags anymore: Marijuana is getting some respect as legal sales take off.
This week two marijuana analysis and investment firms released a summary of a report that appeared to confirm that the industry hasbecome a gold rush. National legal sales of cannabis grew to $5.4 billion in 2015, up from $4.6 billion in 2014, according to the firms, the ArcView Group, based in San Francisco, and New Frontier, based in Washington.
Demand is expected to remain strong this year, with a forecast of $6.7 billion in legal sales, the report said.
The promises and headwinds of the industry are potentially far-reaching and attracting notice on Wall Street. As more states legalize marijuana sales, analysts are weighing the stock market benefits of new businesses ascannabis goes corporate. Funds are considering the ethics of investing in marijuana. Parents are even debating whether to allow their children to buy the stocks.
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