Has the U.S. reached a ‘tipping point’ in marijuana legalization?

Did America reach the "turning point" of legalization of marijuana? When the State of Oklahoma voted to use medical marijuana on June 26, the CNN commentator was in such a situation. It is the thirtieth state as shown in the picture below.

But the timing is everything in the business and they probably should pick it up. In North America, the so-called "Green Sprint" is at its best. At the time of writing this document, 29 states are legalized in some way. And by 1 January the "leisure" pot will be offered in 7 states and the District of Columbia. Cannabis is rapidly becoming domestic largest cash crop, and legal canning is expected to reach 2022 by 2022. $ 30 billion. In fact, income is expected to increase 44% only in 2018.

Complete legalization of New Jersey and New York states may indicate a turning point in the new American hemp category. According to industry consultant BDS Analytics, the legalization of the three provinces including Connecticut could produce more than $ 5 billion joint market for legitimate cannabis by 2022. Leader legitimization of US media capital may also change domestic dialogue. According to BDS analysis by Bloomberg, allowing permission for entertainment is about $ 36.5 billion in cannabis sales in New York, compared to $ 90 million last year's medical cannabis sales. May result. He said, according to the tax rate, this could potentially create $ 700 million annually in government services. Corporate auditors in New York City estimate that city and state annual turnover will be $ 772 million with legal potted plants.

No industry in the United States is growing faster and more consistently than legal marijuana. According to the latest Cannabis Business Daily report "The Cannabis Business Profile 2017", the legal sales in the United States rose by 30% in 2018, increased by 45%, contract sales increased by 300% from 2016 to 2021 It is $ 17 billion. Naturally, this growth will help attract investment funds to the field. However, this does not mean that the recognition of marijuana by the federal government has already made people angry. This medicine is still listed as Schedule 1 at the federal level. Like LSD and heroin, this means that medical benefits are not recognized and it is totally illegal. Despite this view, discussion as to whether marijuana is legal is still fierce. You can discuss firmly from both sides of the aisle. Read more There are three reasons for the legalization of marijuana to have meaning and three reasons to keep it as a Schedule I drug are the best.