May 8, 2019

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Okalahoma Medical Marijuana is Pretty Kick Ass

The stories out of the Sooner State is off the chain when it comes to the wild-west style of medical marijuana market that is just taking off.  https://www.leafly.com/news/politics/oklahomas-medical-marijuana-rush-is-even-wilder-than-you-think

Illinois Governor and Legislature Release Adult Use:

On May 6, 2019, Illinois Sentaor Steans fied the Adult Use bill for cannabis legalization.  The bill is over 400 pages long – find out more here: http://www.ilga.gov/legislation/101/SB/10100SB0007sam001.htm

New York and New Jersey Fumble Cannabis Legalization

“No state has done this legislatively—zero, zip,” said Senator Diane Savino, a Democratic representing Staten Island. “It has all been done through public referendum. There’s a reason for that. The people are always ahead of the politicians.”

http://gothamist.com/2019/05/08/cannabis_legalization_weed_albany.php

CBD Hemp looks just like THC Marijuana

Barclays Says US Marijuana Market Worth 28 Billion Dollars

Barclays did some math and said that the current adult use marijuana market is worth over 28 billion dollars, but is growing fast to 41 billion dollars by 2028.  This huge market should also produce about 21 billion dollars of tax revenue if it is taxed like tobacco.

https://www.cnbc.com/2019/05/01/barclays-us-cannabis-market-28-billion-if-legalized-today.html 

See you next week with more Cannabis News!

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