In 2015, the state of Colorado alone reported nearly one billion medical and recreational cannabis sales.
The legalization of marijuana has yielded more than one hundred thirty-five million dollars in taxes to be redistributed in the community. Thirty-five million of these went to school building projects. Some college scholarships are funded through taxation due to the legalization of marijuana.
In 2015, the total amount of money raised from legal marijuana sales in the United States peaked at five point four billion dollars, marking a seventeen percent increase over 2014. Market experts predict that the increase will remain. steady each year, providing nearly $ 22 billion in legal marijuana sales estimated by 2020.
Invest in the legalization of marijuana
From an American investor’s point of view, marijuana is certainly a great investment. The cannabis is a plant whose properties can be distributed in every aspect of the economy. From medicine, to clothing, to construction, to the automotive industry. There is hardly anything that cannot be done with marijuana.
The cannabis can be used to make clothing and can also be used to produce environmentally friendly vehicles. Henry Ford was the first to use Indian hemp in automobile production. In fact, in 1941, the first prototype made of Indian hemp was introduced. During construction, Ford discovered that Indian hemp can be manufactured by making it stronger, lighter and more flexible than steel.
Cars made from hemp boast impressive impact resistance. Car company Kestrel has perfected their mobile hemp model into a fully functional and robust sports car. In addition, it uses ecological fuel.
Marijuana legalization means innovation
Growing marijuana and using hemp can make sense in construction too. Hemp homes not only naturally discourage rats and mice, but hemp building materials also consume more carbon than they add. Essentially, a home made from hemp will make the air safer to breathe.
Marijuana legalization also means innovation. It means a new, unexplored frontier of career opportunities that the world has never seen. It will provide countless thousands of jobs. Legalized marijuana can increase a country’s wealth and most likely our personal life as well.
The right to grow marijuana
In America, and more specifically in Colorado, if you are 21, you have the right to grow up to six cannabis plants for personal consumption or for medical purposes. This clause does not disrupt the legalized market and gives people the freedom to produce their own medicine or recreational substances without the fear of ending up in prison.
On the other hand, Washington has created a system that does not allow adults to grow these plants on their own, unless they have a license to grow medical marijuana. This in turn has created a market that is undermining the legal cannabis system currently in place in Washington.
This is due to the price tag associated with “legal marijuana” purchased in dispensaries. Many people living in Washington prefer to buy their cannabis from “under the counter” growers which is a reaction to rising prices. In other words, Washington has failed to eradicate the black market.
Home-grown medical cannabis
The right to grow a plant for medicinal purposes without fear of going to prison should be everyone’s right according to many Americans. Especially since it should be a natural right to grow this plant. Some patients require large quantities of cannabis to treat their medical conditions by forcing them to buy their “medicines” from outside sources.
In addition to all the medical benefits that cannabis provides, the actual act of growing it is very therapeutic. Watching plants grow and care for them is therapeutic in itself. In Colorado, growing cannabis plants at home has been found not to affect the legal market.
According to many Americans, everyone should have the legal right to grow their own cannabis at home, regardless of their motivation. In Colorado it worked.
Warning: This article is the result of research on foreign sites. The information may not currently be accurate under current US laws. In case of updates on the subject, we will not fail to modify this article.