30 states and the District of Columbia have legalized the use of marijuana. But this year, there are three states that are awaiting the decision to legalize marijuana. There are a lot of benefits of legalizing marijuana, which is actually a good thing, medically speaking. In Keith Speights’ article, he talks about the three states that will most likely legalize the use and selling of marijuana:

  1. Michigan

Michigan already allows patients to use medical marijuana. The prospects of the Wolverine State also legalizing recreational marijuana now look better than ever.

The Michigan Board of State Canvassers gave its stamp of approval on April 26, 2018 to an initiative to put recreational marijuana legalization on the ballot later this year. Supporters needed to gather 250,000 signatures; they ended up with more than 365,000.

There’s one compelling reason why states like Michigan are considering allowing recreational marijuana: higher tax revenue. The proposed ballot measure would legalize possession and sale of up to 2.5 ounces of marijuana for recreational use, if passed. All recreational marijuana sales would be taxed at an additional 10% on top of Michigan’s current 6% sales tax. The revenue generated would be used to fund education, roads, and cities and counties with marijuana-related businesses.

It’s possible, however, that legalization of recreational marijuana won’t be on the ballot when voting takes place in November. The state legislature could pass a bill to legalize recreational marijuana even sooner.

Republicans are currently in control of Michigan’s legislature. Some of them are concerned that having recreational marijuana legalization on the ballot could boost voter turnout in ways that hurt their chances to maintain their majority.

2. New Jersey

It was clear nearly a year ago that New Jersey could be headed down the path to legalize recreational marijuana. Then-candidate for governor Phil Murphy publicly voiced his support for legalization.

Fast forward to today. Murphy, a Democrat, is now governor of New Jersey, and his party controls the state’s general assembly.

Gov. Murphy is promoting a bill that would legalize recreational marijuana in his state. He even included additional taxes from recreational marijuana sales in his proposed budget for New Jersey’s next fiscal year, which begins on July 1. However, Murphy is running into obstacles. See full post here..

With the many benefits of legalization of marijuana, it will eventually get legalized in no time. 

Today, one of the biggest topics that people are talking about is cannabis and its legalization. Even the people who are thinking of legalizing it is wondering if there are actual benefits of letting cannabis enter our world legally. Some countries started legalizing it while there are some countries who see cannabis illegal. 

As you probably know by now, whether a certain country legalize cannabis or not, they willo still continue to smoke and grow it. The problem in today’s society is that not everyone know that there are actually benefits of legalizing cannabis. In fact, Kelsey Moghadaspour will talk about it below:

Whether or not it gets legalized, people are going to continue to smoke, sell and grow it. It might as well be made easier to do, and therefore less dangerous. With legalization of marijuana also comes better answers to the question: is it harmful? While it is still illegal, it is harder to run tests and experiments to try and find exactly how beneficial it can be.

Smoking controlled amounts has also been known to help with health problems such as glaucoma and epileptic seizures. It has also been known to not impair lung functions, but even help improve them, and it also helps decrease the symptoms of Dravet’s Syndrome, a severe seizure disorder, and many other medical issues.

Legalizing marijuana would also open up more job and economic opportunities for people in the formal economy instead of the illicit market. Also, if it was legalized and controlled by the government, it would make and save the government quite a sum of money. Money would be saved because law enforcement officials that have been put on cases having to do with marijuana could then have their efforts and skills put towards cases much more important to the community’s safety. State and local governments would also have new revenue coming in from taxing and regulating marijuana sales. Read full post here..

Based on the research of BDS Analytics and Arcview Market Research, legalizing the industry of cannabis will mean more progress all over the world in the next 10 years. In fact, if people spend worldwide on legal cannabis, the grow can reach USD 57 billion by the year 2027. Did you know that the recreational use will cover up to 67% of the market spending, while the medical cannabis will be 33%.

To tell us more about this goodness both with its users and the economy, Thomas Pellechia talks about Cannabis and its potential growth!

The worldwide adult recreational cannabis market remains hampered by the United Nations and its 1961 Single Convention on Narcotic Drugs. The Arcview and BDS report believes nothing will be done to change the U.N. attitude until U.S. federal laws legalize marijuana — something Arcview’s CEO, Troy Dayton, believes will happen after the 2020 presidential election.

Still, the main difference between the U.S. and European cannabis markets is that in the U.S., recreational use will dominate sales. With a budget of $1.3 trillion in health care spending, European government-subsidized health care systems will bring the medical cannabis market to dominate Europe and become the largest medical marijuana market in the world. Read here…

Cannabis is beneficial especially when use responsibly. If the world will legalize the selling and use of marijuana, it can help not only the people, but as well as the economy.

Legalizing marijuana has indeed economic. A lot of states in the US has already legalized the use of marijuana for recreational purposes. Due to the legalization of marijuana, economists have seen the great benefit not only for the state but as well as for the federal governments. 

In Mrinalini Krishna’s article, she talks about the many economic benefits that legalization of marijuana has brought US so far:

Better than expected sales of marijuana in Colorado and Washington over the past year have resulted in buoyant tax revenues. In 2015, Colorado collected more than $135 million in taxes and fee on medical and recreational marijuana. Sales in the state totaled over $996 million. Sales in North America grew 30%, to $6.7 billion, in 2016, and is projected to increase to $20.1 billion by 2021, according to Arcview Market Research.

That is the carrot that dangled before many states. California, which is much larger in size and population than Colorado, could exceed $15 billion in sales revenue and $3 billion in tax revenue, according to an April 2016 study by ICF International. A special senate committee in Massachusetts estimated tax revenues from marijuana sales in the range of $50-60 million.

Income and Jobs

Setting up marijuana nurseries and dispensaries would be the first step for the states that voted in favor of medical marijuana. These would not only create jobs but also set the ball rolling for economic activity in the pot industry in these areas. Continue reading here…

With the growing economy, other countries who have legalized marijuana will eventually see economical benefits soon.

There are more and more countries who are legalizing the use of cannabis for medical purposes and recreational one. This means that the demand for cannabis will now be growing since it’s now being legalized by many. In fact, according to the ArcView Market Research, in 2027, the spending on cannabis can hit for up to USD 57.

In this article written by Thomas Pellechia, he talks about a growing demand of cannabis around the world, and more specifically in North America:

The largest group of cannabis buyers will be in North America, going from $9.2 billion in 2017 to $47.3 billion a decade later. The largest growth spread, however, is predicted within the rest-of-world markets, from $52 million spent in 2017 to a projected $2.5 billion in 2027.

The worldwide adult recreational cannabis market remains hampered by the United Nations and its 1961 Single Convention on Narcotic Drugs. The Arcview and BDS report believes nothing will be done to change the U.N. attitude until U.S. federal laws legalize marijuana — something Arcview’s CEO, Troy Dayton, believes will happen after the 2020 presidential election.

Still, the main difference between the U.S. and European cannabis markets is that in the U.S., recreational use will dominate sales. With a budget of $1.3 trillion in health care spending, European government-subsidized health care systems will bring the medical cannabis market to dominate Europe and become the largest medical marijuana market in the world. Read full post here…

Legalization of cannabis all over the world can be seen as a benefit and a disadvantage depending on how people will utilize it.


Hemp and Marijuana have the potential to save the economy. And this is not an impossible dream of hippies – cloth is the key to a sustainable and abundant economy. This plant can revolutionize industry by industry: It can be used as fuel, in construction, as a cosmetic, food, tissue, paper and plastic. Some say that there are more than 25,000 products that can be made with hemp. But most likely there are many more.

Hemp Is An Economic Treasure Waiting To Be Used

Hemp is a resistant and easy to grow the crop, which is closely related to Marijuana, the difference is in its THC level. In the same way that recreational and medicinal strains are developed to obtain a maximum of THC, hemp is grown to get a minimum of THC and a maximum of fiber. Botanically, a material is a member of the Marijuana Sativa family, as can recreational Marijuana. They can be considered as different strains of the same plant.

Environmental And Sustainable

Hemp has the almost unlimited potential of being a versatile and sustainable resource. It can grow in virtually all non-extreme climates, thrives on practically any type of soil, has a natural resistance to pests, can displace weeds, and is believed to even improve soil quality by eliminating toxins (including nuclear toxins). The whole plant, from its seed to the stem, can be used in industrial applications, and it is much more environmental and sustainable than many of the current methods we use and can replace.

Hemp Industry

In 2012, it was estimated that the value of the hemp industry was 500 million dollars in annual retail sales, only in the US.

Imagine the potential it could have to create jobs and grow as an industry if it were not slowing down. It could create thousands of jobs, produce new products and make our lifestyle much more sustainable – benefits to the economy, to our knowledge.

Hemp As A Food Source Is One Of The Fastest Growing Uses.

To give you an idea of the power of hemp, R. Lee Hamilton, a famous biochemist, has described hemp as the potential cure for hunger in the world, and says that “its absurd prohibition [in the US]” is a parody against humanity and the most valuable plant in the world. This seems to be the story for all applications of hemp – it is entirely undervalued. It is a very viable alternative to oil; it can be used to build green and negative carbon houses, it can produce biodegradable, resistant and durable plastic, it provides high quality and sustainable fabrics, and even has medical and cosmetic uses. It seems that there are very few aspects of life that could not be improved with its use.

A perfect example of this is the automotive industry. It is known that Henry Ford, the founder of Ford cars, made a car whose frame was made entirely of hemp plastic. Fortunately, this concept has been retaken, and virtually all major automakers are beginning to include hemp-based compounds in their latest car models.

Hemp can not only save the economy, but it can also alter the environmental impact of the planet appreciably. It is not just a practical crop; it is also environmentally sustainable. Hemp takes large amounts of carbon dioxide (CO2) from the atmosphere to grow, which makes it not only carbon neutral but also harmful. When combined with the fact that it becomes in just four months and is one of the crops with the highest biomass on the planet, it means that large amounts of carbon can be fixed and converted into oxygen – eliminating it from the atmosphere. Even when processing its fiber into products – like a house built with hemp concrete – carbon remains fixed.

Hemp also benefits the environment regarding the rural way of growing it. Thanks to their ability to kill invasive weeds and resist pests naturally, farmers can grow hemp organically with minimal difficulty – no pesticides or herbicides are needed to produce healthy. There is also the fact that it can balance and restore soil nutrients while eliminating toxins and chemicals, which makes it an ideal crop to rotate with others – reconditioning the soil each time.


Although hemp can be grown legally in most of Europe, it is a crop that occupies a tiny part of the agricultural market – especially when compared to its historical levels. It was around the time of the discovery of the New World when the cultivation of hemp took off, and in many places in America, it became a requirement for farmers. Although it is currently illegal in the US before the ban, it was recognized that cars could run on hemp fuel and that the global supply of paper could be created from it.

You may wonder: if it is legal in Europe, why is it not produced anymore? Well, it’s ridiculous, but one of the reasons is its perception. Hemp is seen as too close to marijuana, and many people do not know the difference. It generates an air of criminality and aversion among people who do not know much about the subject. This means that politicians do not want their name to be related to it, nor support the changes that would favor their cultivation, nor the industry that can develop around them.

This brings us to the next point: Hemp is rarely subsidized as it is with other crops. Result: Its price is high, too high, to be economically as viable as other resources.

Under the traditional grant model, governments offer incentives to farmers to grow certain crops they believe are necessary. For the farmer, it is a simple decision what to build – a plant that the government wants, favors and for which it pays. Hemp, on the other hand, can be difficult to sell at a reasonable price. Hemp has the loss of almost all the time.

Hemp has a massive potential to produce sustainable resources, but what about Marijuana? Through legalization, regulation and medical and recreational marijuana taxes, a significant amount of money can be pumped into the legal economy. It is an example of economic growth that can currently be seen in the state of Colorado, where the sale and recreational use of marijuana should be legalized. Creates work in abundance, from positions directly involved in its production and sale to administration, supply, manual labor, and even transportation throughout the state.

Marijuana grows by leaps and bounds

Recently, the  Department of Revenue figures published Nevada marijuana sales in July, when it became legal on recreational Marijuana in the state. According to the statistics compiled by  Marijuana Business Daily, the  business is skyrocketing:

Sales of marijuana in Nevada, in essence, doubled compared to those of other states, reaching the figure of US $ 27 million in sales. It must be taken into account that this figure materialized despite the severe scarcity problems faced by the state due to difficulties with distribution rules.

And these numbers probably underestimate the long-term marijuana market that exists there.

Even more revealing is the fact that Nevada achieved spectacular sales in its first month of legality with only 53 stores selling recreational marijuana.

This is less than any other state, except Washington.

Tremendous achievement!

According to the owner of a “green” shop interviewed by Marijuana Business Daily, sellers are enjoying growth between the 2% and 5% per month. That is an impressive annual growth – and a good omen for any Nevadan company.

Now, because marijuana is still illegal at the federal level, it cannot be transported from one state to another. That means that authorized farming operations within the country are the only ones that can be sold within their respective jurisdictions. That’s why the growing Nevada market is so promising for the companies that operate there.

These are exciting times for the Marijuana industry. As I have said many times: we have a front row seat to witness all the action – and the open the door to become part of all the profits that are offered there.

While all that is going on, I tell you that in a few days I will be traveling to Las Vegas to meet with the companies that are exposed to this market, and inquire about many more details.