Legal Marijuana Market

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Cannarex Mt. Vernon Wa Marijuana

• Legal Marijuana Market

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• Legal marijuana business is among the
  fastest-growing markets in the United States, in
  California alone cannabis industries is about
  1.3 billion, while on Washington and Colorado the
  estimated purchased of marijuana products is
  about 370 million. Sixty four percent of the
  total demand of cannabis product in Colorado
  State is purchased by the client through retail
  medical and adult-use markets. The effects of
  full legalization of marijuana-pot products in
  Oregon and Alaska will add a combined 275
  million in retail sales in just a full year of
  operation on the other hand Arizona State is
  fastest growing major cannabis market expanding
  from 35 million in 2013 to 155 million in 2014.

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• Over the next five years, the marijuana
  industry is expected to continue to grow.
  Investment in marijuana related business is
  expected to be skyrocketed in 2015. Firms,
  entrepreneurs and private investors want to
  capitalize on this fast and volatile market.
  Based on the study of The ArcView Group,
  a cannabis industry investment and research firm
  based in Oakland, California, found that the U.S.
  market for legal cannabis grew 74 percent in 2014
  to 2.7 billion, up from 1.5 billion in 2013,
  also include in the report are the projected year
  for legal marijuana in 2015 and projects 32
  percent growth in the market. Public opinions
  about the use of marijuana substance has gain
  positive effect in the Americans, and half of the
  population think pot should be legal for both
  medical and recreational purposes.

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• The Federal government however is very reluctant
  to pass the full legalization of marijuana
  products especially the use of recreational
  marijuana. They still classify cannabis as a
  Controlled Substance Act as a no medical value
  and can create serious mental health
  issues- despite reports by Drug Policy Alliance
  that cannabis is less harmful than alcohol and
  tobacco. Donations to the political efforts to
  legalize cannabis have remained constant despite
  the vastly expanded opportunities for passing
  legalization in more states making lack of
  political funding one of the top risks facing the
  future of the cannabis industry.

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