10 Largest Marijuana Companies Raking In Huge Profits
After the November elections proved to be a tipping point for legal weed, the financial impact of cannabis products on the U.S. economy became a subject for researchers, economists and stock watchers across the land.
According to Arcview Market Research’s latest report, national growth in the legal cannabis market is going great, with no signs of slowing down. Sales are surging, demand is strong and by 2020, legal market sales are expected to surpass $22 billion and possibly reach twice that amount.
Analysts at Viridian Capital Advisors, a group of Wall Street analysts and bankers who focus on the money side of weed, maintain a cannabis stock index. For 2016 (through December 9), it’s up 175.3 percent.
And if you think 2016 growth is impressive, it was nothing compared to 2014 where the annual gain was 383.5 percent.
Higher Education And Marijuana Policy: Is Cannabis Allowed On Campus?
The decision by voters in California, Maine, Massachusetts and Nevada to legalize marijuana for adults over 21 years old has cultivated a campus cannabis conundrum at higher learning institutions across the US. Overshadowing the legalization in these states and the new medical cannabis laws passed in Arkansas, Florida, Montana and North Dakota; has been whether appointments to the president elect’s cabinet will trump any of these gains in cannabis policy. If you go to a college in one of the 28 states or D.C. that has legalized cannabis for adult use or has medical cannabis laws, there are limitations all students should know about.
The college campus setting and campus sanctioned areas present the college student a conflict in a citizen’s right to cannabis under state laws that are being neutralized by campus rules. In order to maintain funding, college administrators must enforce a campus cannaban which includes dorm rooms and off-site fraternities, sororities and other school-sponsored activities. Unfortunately, though legal at a state level, cannabis is still illegal on college campuses because of the federal funding they receive. Federally-funded institutions of higher education must comply with regulations such as the Drug Free Schools, Communities Act and the Drug Free Workplace Act.
Vast Majority of Americans Support Legalizing Medical Cannabis
Turns Out Buying Marijuana is Popular at Christmas, Too
Check that plate of cookies twice before diving in for a post-Christmas treat: It may leave you feeling very naughty or awfully nice, depending on how you handle marijuana edibles.
There are far more cannabis-laced treats lying around households who patronize legal marijuana retail outlets this holiday season. USA Today reports a 21 percent spike in business at dispensaries in California, Colorado, Oregon, Washington and several other states, with the top-selling items being edibles, including cookies and brownies.
In other words, people are buying exactly the kind of present “Santa” may actually want on his plate after a long night arranging everything under the tree (not to mention working overtime in order to pay for it all).
Six Predictions For The Marijuana Industry In 2017
Cannabis Scientist Joins the Chorus of Disdain Against Monsanto
Many watched with delight as Prop 64 was approved in California this past November. Others had mixed reactions provoked by fear that big business would sweep in and wipe out the small growers and sellers who had been steadfastly, and quietly, supplying our weed for the last several decades.
They weren’t totally wrong to be concerned; the industry is taking off like wildfire.
Take a look at the numbers: Colorado raked in nearly a billion dollars in the first 10 months of 2016. Forbes Magazine projected the cannabis market could grow 700 percent by 2020, and just about the straightest banking newsletter on earth placed marijuana as the third fasting growing industry in the country (after 3-D printing and drones!).
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