legal marijuana use
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The National Weed Legalization Fund was established by an Army veteran as a non-profit corporation dedicated to spreading the message of the countless health benefits of medical-marijuana, especially for PTSD afflicted veterans and cancer and MS patients. The ultimate goal is to see marijuana, the “Wonder Weed”, regulated and taxed nationally, regulated by the states […]
Legal Marijuana Industry Growing Faster Than Smartphones?
At some point, everyone will have the power of the internet in the palm of their hands. Although the “smart phone” has witnessed a dramatic rise in popularity, it should be a safe bet to assume the industry is poised to continue to be the fastest growing in the future, right? They should be cheaper and easier to use so the market should still be unreachable. Perhaps we should not be so quick to draw that conclusion.
According to Steve Berg, a former managing director of Wells Fargo, this may not be the case. The smart phone industry grew by 46%, when comparing 2012 to 2013, a tremendous increase. However this number is dwarfed by the 64% increase legal marijuana experienced during the same time period. Mr. Berg recently said that “Cannabis is one of the fastest growing industries. Domestically, we weren’t able to find any market that is growing as quickly.”
Of course we do not mean to be misleading. The smart phone industry is considerably larger than legal marijuana. This type of market growth may not expand at such a high rate every year. However, we at marijuana.net were surprised that any industry could experience an almost 20% higher increase than smart phones, even if just this once.
The legal marijuana market is wide open, with more investors and money expected to come on board, especially with the federal government indicating they will soon get around to regulating it. Steve Berg also said “Entrepreneurs and private investors are flocking to cannabis markets. Those who really understand market dynamics will reap large rewards.” We are glad he agrees, marijuana.net has long predicted that the next economic boom will be fueled by green.
Legal Marijuana Sales Could Bring Economy Into The New Age
The foundation of progress and our consumer based economy is clear to everyone. It is physically represented by George, Abraham, Andrew but those symbols are becoming just that, symbols. Money has now become a complex web of online transactions, Wall Street speculation, and confusion for the masses. This transition from simple dollars and sense to complicated finances has been progressing over a long period of time. It continues today and may have been most noticeable in 2008 during the worst fiscal crisis since the Great Depression. There was a lesson for many during the dark days of 2008. The taxpayer, for reasons not entirely apparent to them, were forced to bail out huge companies, including AIG, whose demise could have brought down everything with it. The only universal clarity to rise from the fiscal ashes was the idea that money had clearly changed and the new world economy required a different approach if we are to sustain ourselves. Now we are all money conscious and do not seem inclined to continue to watch the federal government continue to throw money at useless pursuits. Creating new revenues has proven to be extremely difficult during this period of super partisanship. America no longer seems capable of brave and new ideas. Many financial experts , for years, have been discussing the huge economic boost legalized marijuana would create. If our elected leadership decided to expand their horizons, and join us in 2013, we may be able to work together to create the next economic boom. The idea of legal marijuana stands on its own merits and has grown considerably even as the highest levels of government remain an obstacle. In a recent Huffington Post article, author Caroline Fairchild cites a Medical Marijuana Business Daily study that predicts legal marijuana sales will rise from 1.5 billion dollars this year to 6 billion dollars by 2018. With 18 medical marijuana states and counting (Maryland could join this list within days) and two ( with several more considering full legalization) states that will tax and regulate sales of recreational marijuana it is easy to see why financial analysts are predicting tremendous revenues from the future of legalized marijuana. While these numbers are staggering, they may yet still be on the conservative side. The reform movement has maintained a pace that is quicker than most predicted. Additionally, legal marijuana creates so many other jobs in the areas if security, business lawyers, physicians, dispensary workers, delivery employees, construction workers and many more positions. Income taxes are generated for every job. Revenues could possibly exceed even the boldest predictions by 2018. Even if our favorite presidents and paper currency go the electronic route, money will remain a concern, it is time to let legal marijuana take us into the future.