The cannabis industry and cannabis business owners do face problems with securing dedicated banking services, even though; cannabis has been legalized in those states. Due to the Schedule 1 Dangerous Drug Act that is still a part of the laws governing the federal government, many banks are reluctant to engage in doing business with cannabis business owners. In other words, there is no banking system or service that is legal. If banks that are federally chartered are caught providing services to cannabis business owners, it could result in money laundering charges. ...
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DEA Plans For Increased Cannabis Production
The DEA is planning on increasing cannabis production, although, they are doubling down on the announced plan that is supposed to take place in 2019. It has been discussed in length that the DEA wants to increase cannabis production and has moved to start the process in 2018. This move is meant to allow more cannabis research. In 2018, the production of cannabis for research totaled 978 pounds. For 2019, the initial goal is to exceed 2,500 pounds of cannabis. ...
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Could Cannabis Prohibition Come Back To Legal States?
Cannabis prohibition is still an issue in many states across the United States. Many advocates of cannabis wonder if the new government administration will revisit lawful states and undo what has been so aggressively placed into law. When President Obama assumed the office of the presidency in 2009, he largely gave states the right to make their own decision as it related to cannabis prohibition and new laws. And since then, many states have legalized cannabis. The Trump administration, on the other hand, is not in agreement to Obama's move. And many people are concerned that it might be reversed by this new President and his administration. ...
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Canadian Recreational Cannabis Legalization
On June 21, 2018, the Canadian Senate passed the recreational cannabis legislature and many residents are excited about the prospect. However, despite this new development, there are some people who are not overly optimistic since there are regulations and monopolies that need to be addressed. In many places around the world, recreational cannabis legalization is working. The state of Nevada is one such, starting with an unyielding structure, which served as a downfall against the strictest of regulations. This has since been rolled back, allowing recreational cannabis legalization to be an excellent addition for the state of Nevada since it was approved in the summer of 2017. Since then, there were some major surprises, but positive impact. The Canadian government should take a leave out ...
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Marijuana Legalization and the American Presidents
Since recreational marijuana legalization in Washington and Colorado, which took place in 2012, there has been a wave of progress rapidly growing across the United States. In 2018, where we are now, marijuana has become legal in many states, specifically for medicinal reasons. In fact, it has been legal in 23 states and four states have embraced the legal and recreational use of marijuana. For that reason, millions of people in the United States are able to purchase and use cannabis without fearing criminal penalties and charges. The federal government, however, is still refusing to acknowledge the fact that marijuana has a lot of medicinal benefits. The feds have also refused to accept the decriminalization of marijuana. The feds have placed marijuana plant in the same category as drugs ...
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Low Crime Rate After Uruguay Marijuana Legalization
In Canada, marijuana legalization has become a reality. However, the headlines also include the uncertainty of legal marijuana according to how the Trump Administration feels about this herbal plant. In the meantime, Uruguay is on the list of countries with marijuana legalization as of July 2017 and since then, the government has noticed a reduction in the crime rate. In Uruguay, residents can now grow their own weed. They can also purchase weed over the counter without any fear of being arrested. The only complaint that residents have is that that the marijuana laws don't go as far as would have liked.
Reduction in Crime Rate
The most positive thing about marijuana legalization in Uruguay is the reduction in crime rate. Most of the crimes were drug related and dropped some twenty ...
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Legal Marijuana and What You Should Know
Recreational marijuana is legal in some states. It is the kind of weed you smoke without getting a note from a doctor. In the past twenty years, we wouldn't be talking about legal marijuana. But now, state laws have afforded many recreational and medical marijuana users the chance to get their hands on weed. Since the last election in 2016, law makers in various states have made major progress as it relates to legal marijuana for recreational users.
The Sales
In 2016, sales of legal marijuana increased to $6.6 billion. This includes medical marijuana at $4.7 billion and recreational cannabis sales at $1.9 billion. According to expert analysts, the cannabis industry in its entirety is projected to go above $24 billion in sales by 2025. With all of this statistics, there are certain ...
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