2017: The Year in Weed
The marijuana industry has reached new highs.
by Eileen Guo
2017 was a big year for marijuana. More U.S. states and countries around the world are moving towards legalizing medical weed than ever before. All of this adds up to a burgeoning pot industry, which means profit for growers and more likelihood that weed will start showing up in front of consumers from coast to coast.
Here’s a year in review, cannabis-edition: On the first day of 2017, Los Angeles woke up to a modified "Hollyweed" sign.
More States Move Towards Legalization
In April, West Virginia became the 29th state to legalize marijuana for medical use. Then, on election day in November, California, Massachusetts, Maine, and Nevada all passed laws legalizing the recreational use of pot.
California leads the pack, with $2 billion in sales of medical marijuana this year, and some estimate that taxes and fees could provide the state with $1 billion in revenue. Meanwhile, Colorado had already hit over $1 billion in sales in the first eight months of 2017, a higher figure than expected.
With such a strong economic argument for legalization, we can expect more states to follow suit. In early 2018, keep your eyes on New Jersey, which is likely to legalize marijuana with its new Democratic majorities up and down the ballot. (The new governor, Phil Murphy, promised to approve a legalization bill as soon as it reaches him. https://www.inverse.com/article/39668-2017-marijuana
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The marijuana industry has reached new highs.
by Eileen Guo
2017 was a big year for marijuana. More U.S. states and countries around the world are moving towards legalizing medical weed than ever before. All of this adds up to a burgeoning pot industry, which means profit for growers and more likelihood that weed will start showing up in front of consumers from coast to coast.
Here’s a year in review, cannabis-edition:
On the first day of 2017, Los Angeles woke up to a modified "Hollyweed" sign.
More States Move Towards Legalization
In April, West Virginia became the 29th state to legalize marijuana for medical use. Then, on election day in November, California, Massachusetts, Maine, and Nevada all passed laws legalizing the recreational use of pot.
California leads the pack, with $2 billion in sales of medical marijuana this year, and some estimate that taxes and fees could provide the state with $1 billion in revenue. Meanwhile, Colorado had already hit over $1 billion in sales in the first eight months of 2017, a higher figure than expected.
With such a strong economic argument for legalization, we can expect more states to follow suit. In early 2018, keep your eyes on New Jersey, which is likely to legalize marijuana with its new Democratic majorities up and down the ballot. (The new governor, Phil Murphy, promised to approve a legalization bill as soon as it reaches him.
https://www.inverse.com/article/39668-2017-marijuana
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