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Author: 420budcloud

The U.S. legal marijuana industry is booming

this is 2018 and MARIJUANA remains illegal in the United States. But continued federal prohibition hasn’t stopped the marijuana industry from growing like a very profitable weed. Despite what could be considered an unfriendly administration in Washington D.C., nine states and the District of Columbia now allow for recreational marijuana use and 30 allow for medical use. And more states are lining up to join the legalization wave. Pot has become big business in the U.S. The emerging industry took in nearly $9 billion in sales in 2017, according to Tom Adams, managing director of BDS Analytics, which tracks...

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Cannabis Makes Its Way Into the G-20 Summit

The G-20 summit is currently taking place in Hamburg, Germany and marijuana has made its presence known. Although some of the expected discussion topics include climate change, security and trade, we think medical marijuana will be a topic that takes center stage. 20% of the countries at the G-20 summit have legalized medical marijuana and it will be a topic that is nearly impossible to ignore. Every country is looking for ways to lower its debt level and marijuana is the answer. Marijuana will not only create a new revenue stream but it will also significantly decrease expenses and...

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Nevada sold out of legal marijuana so quickly that the governor endorsed a ‘statement of emergency’

Less than two weeks after sales of recreational marijuana kicked off in Nevada, stores are running out of pot to sell, according to the state’s Department of Taxation. On Friday, Gov. Brian Sandoval endorsed the department’s call for a “statement of emergency,” which would allow for more licensed distributors, the Reno Gazette-Journal reported. Nearly 50 dispensaries in the state have licenses to sell marijuana for recreational use. Those sales got underway on July 1. But those same retailers do not legally have the authority to restock their inventories. Alcohol wholesalers have the exclusive rights to move marijuana from growers...

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5 towns saved from ruin by the booming legal weed industry

The legal marijuana industry brought in upwards of $4 billion in sales in 2016, according to a new report from the Marijuana Business Daily. And small-town America is riding the high. In the eight US states where recreational marijuana is legal, the marijuana “green rush” has breathed new life into the rural communities that welcome it. Cultivation facilities, dispensaries, and infused products companies create jobs and tax revenue for the cities and states, which then supports public infrastructure and community efforts. Here are five towns that came back from the brink thanks to legal weed. View As: One Page...

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Victoria Is Importing Medicinal Cannabis From Canada to Treat Epileptic Kids

A locally-grown supply won’t be ready in time. Last month, VICE reported Victoria had harvested Australia’s first ever state-grown medicinal cannabis crop, which would be distributed to young epilepsy patients sometime this year. Today, the Victorian Government announced that while this local cannabis is being tested and prepared, it will distribute cannabidiol medication fast tracked from Canada to 29 critically ill children as a stopgap measure. Through the import scheme, the Andrews Government hopes to keep its promise of delivering medicinal cannabis to the young patients in a timely fashion. While it estimates local supplies will be ready by...

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