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  1. #1
    Senior Member JohnDoe2's Avatar
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    Legal Marijuana Is The Fastest-Growing Industry In The U.S.

    Matt.Ferner@huffingtonpost.com

    Legal Marijuana Is The Fastest-Growing Industry In The U.S.: Report

    Posted: 01/26/2015 12:00 am EST Updated: 01/28/2015 10:59 am EST


    Legal marijuana is the fastest-growing industry in the United States and if the trend toward legalization spreads to all 50 states, marijuana could become larger than the organic food industry, according to a new report obtained by The Huffington Post.

    Researchers from The ArcView Group, a cannabis industry investment and research firm based in Oakland, California, found that the U.S. market for legal cannabis grew 74 percent in 2014 to $2.7 billion, up from $1.5 billion in 2013.


    The group surveyed hundreds of medical and recreational marijuana retailers in states where sales are legal, as well as ancillary business operators and independent cultivators of the plant, over the course of seven months during 2013 and 2014.

    ArcView also compiled data from state agencies, nonprofit organizations and private companies in the marijuana industry for a more complete look at the marketplace.


    "In the last year, the rise of the cannabis industry went from an interesting cocktail conversation to being taken seriously as the fastest growing industry in America," Troy Dayton, CEO of The ArcView Group and publisher of the third edition of the State of Legal Marijuana Markets, said in the executive summary of the report. "At this point, it’s hard to imagine that any serious businessperson who is paying attention hasn’t spent some time thinking about the possibilities in this market."

    Graph courtesy of ArcView Market Research.

    The report also projects a strong year for legal marijuana in 2015 and projects 32 percent growth in the market. Dayton said that places "cannabis in the top spot" when compared with other fast-growing industries.


    Over the next five years, the marijuana industry is expected to continue to grow, with ArcView predicting that 14 more states will legalize recreational marijuana and two more states will legalize medical marijuana. At least 10 states are already considering legalizing recreational marijuana in just the next two years through ballot measures or state legislatures.


    To date, four states -- Colorado, Washington, Alaska and Oregon -- have legalized retail marijuana. Washington, D.C., voters also legalized recreational marijuana use, but sales currently remain banned. Twenty-three states have legalized medical cannabis. Still, marijuana remains illegal at the federal level.


    The report projects that, by 2019, all of the state-legal marijuana markets combined will make for a potential overall market worth almost $11 billion annually.

    Graph courtesy of ArcView Market Research.

    The report also breaks out some interesting marijuana trends from around the nation. California still has the largest legal cannabis market in the U.S., at $1.3 billion. Arizona was found to have the fastest-growing major marijuana market in 2014, expanding to $155 million, up more than $120 million from the previous year. Medical marijuana is already legal in Arizona and California and recreational legalization measures are likely to appear on the 2016 ballots in both states.


    More than 1.5 million shoppers purchased legal marijuana from a dispensary, either medical or recreational, in 2014. Five states now boast marijuana markets that are larger than $100 million, and in Colorado and Washington -- the first states to open retail marijuana shops in the U.S. -- consumers bought $370 million in marijuana products last year.


    Oregon and Alaska are expected to add a combined $275 million in retail marijuana sales in their first year of operation, the report projects. And while D.C. has also legalized recreational marijuana use, ArcView couldn't project a market size in the District because of an ongoing attempt by congressional Republicans to block the new law.


    Graph courtesy of ArcView Market Research.


    The huge growth potential of the industry appears to be limited only by the possibility of states rejecting the loosening of their drug laws. The report projects a marijuana industry that could be more valuable than the entire organic food industry -- that is, if the legalization trend continues to the point that all 50 states legalize recreational marijuana. The total market value of all states legalizing marijuana would top $36.8 billion -- more than $3 billion larger than the organic food industry.


    "These are exciting times," Dayton said in the executive summary, "and new millionaires and possibly billionaires are about to be made, while simultaneously society will become safer and freer."


    Marijuana Legal Weed 420 Marijuana Recreational Marijuana Marijuana Industry Marijuana Fastest Industry Drug War Marijuana Prohibition Marijuana Industry Fastest Growing

    http://www.huffingtonpost.com/2015/0...n_6540166.html

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  2. #2
    Senior Member Judy's Avatar
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    Republicans need to back off and let nature take its course. I support all drug legalization, with regulations, education, taxation, and free rehabilitation paid for with a portion of tax proceeds only drug consumers pay. The War on Drugs through criminal law has been a huge mistake in our country, both from a civil rights standpoint and economically. It's time both parties stopped the War on Drugs through criminal law and replaced it with a legalization system that protects consumers from bad mixes, regulates age, quality and quantity, taxes the sales, uses part of the taxes to better education the public about the risks and consequences of using drugs and provides free rehab on demand for anyone who wants or needs it. Regulations should include provisions that this industry be a domestic industry only, prohibit imports, and require that any and all aspects of the trade and business be owned and operated by US citizens only, from top to bottom, A to Z, from the farm to the greenhouse, from the lab to the processing center to the distribution and sales.

    Republicans, you have your hands full trying to get the illegal aliens out of the country, which I'm you know by now is linked directly to the drug cartels behind that travesty that require an open border for the illegal drugs to flow in and the money hauled out. Stop trying to control the personal lives of our citizens and focus your attention on ensuring the US government abides our laws starting with immigration, labor and civil rights laws.

    What someone wants to smoke or snort or whatever is their business. Government has the right to regulate the business and tax the sales, but that's it. It does not have the right to deprive Americans of a recreational activity let alone a medical requirement for those who need it to deal with disease and treatment, an activity that is almost as old as the plants themselves.

    I am one who never used drugs, the whole scene never appealed to me, however, I have many friends who used drugs, they all worked through high school, did well in school, went to college, graduated, got good jobs, performed well at them, got married, have kids, and are as fine a set of citizens of this country as you will ever want to know. I have business associates who used drugs, and are as fine a group of business people as you would ever want to deal with.

    There is no legitimate reason for the criminalization of these drugs. Yes, some are harsh and almost immediately create addictions in some people, and this is very sad, but there are medical and social solutions to that for those that can be helped, but like all things associated with freedom, some can't be helped, and that is their choice, their freedom to choose a road to travel, and all we can do is understand and be their friends. Using criminal laws to ruin their lives, careers, work and families by stealing their liberty, locking them up in prisons to line the pockets of the private drug industry, is and has not been the right answer. It has been wrong, absolutely unequivocally wrong to do this to fellow citizens who want to use drugs.

    Set them free, purge their records, welcome them back into our society where they belong, free and clear of the stigma of prosecutions that should have never occurred in the first place enforcing laws that should have never been passed to begin with.

    Republicans, we are "laissez-faire", which means leave the people alone. That philosophy has been the bedrock of our party, it's time we return to it, and not only abide it, but live it.

    For more information about legalization, please go to this website of LEAP, Law Enforcement Against Prohibition:

    www.leap.cc
    Last edited by Judy; 02-26-2015 at 12:13 PM.
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  3. #3
    Senior Member vistalad's Avatar
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    Quote Originally Posted by Judy View Post
    There is no legitimate reason for the criminalization of these drugs.
    Fear of the unknown - and a refusal to learn - is a big part of the problem.

    Didn't tomatoes used to have some kind of "devil's food" reputation?
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