Even if you reside in one of the states that has not yet looked into, or already authorized, the use of medical cannabis, there is no doubt, you have maybe been hearing some of the talk about it on the news. Presently, 14 U.S. states have authorized some form of medicinal marijuana. Thirteen more have awaiting legislation which could soon make it legal within their borders. So what is behind this shift in public opinion and government policy? Why are new signs of acknowledgment to the legalization of medical cannabis sprouting up almost every day? Can pot really be considered as medication and does this blossoming industry signify new and legal money making business openings for those looking outside the box for new sources of wealth? Or, is it just another product our state governments can start taxing?
If you take a look around, there are a lot of indications that hemp is quickly creeping into many of the radar screens of the financially poor States all over the country who seek new sources of taxable income. With so many of our States fighting to balance their books, it appears as if many are turning to the authorization of medical cannabis as a means to generate new tax dollars to help ease budget wows.
Just lately, The American Medical Association softened its standpoint on the herb, advocating that some federal controls on it be relaxed. In addition, the government also withdrew a long standing, Bush era policy and has said it would stop federally prosecuting medicinal cannabis consumers and dealers who abide by their state laws. Is the value of this pot quickly growing?
Now, it appears as if many businesspersons are viewing this new industry as a business that’s now ready for its own “Amazon.com”, and the numbers appear to support this. Legal or not, cannabis is a huge cash crop. In California only, cannabis makes yearly sales appraised at $14 billion. Now, thanks to the state’s generous medical cannabis laws, more of that cash is being spent legally. This has give rise to a demand for many new legal support, and managerial businesses just to name a few, which are quickly marching up to cash in on this new and rising business. There is already demand for more education and training in most states that have just passed medical cannabis laws and businesspersons are coming forward with answers.
Regardless of what your thoughts are concerning the authorization of medical cannabis, it is becoming clear that numerous who were once in opposition to it have now changed their opinions. You might be amazed to find out just who all is supporting this lawmaking. One of the state’s top consumer supporters, along with several other well-known business moguls, professors, and politicians, have all just made statements, not only acknowledging the legalization of medical cannabis, but supporting it. With them, though, there are just as many and more, who still oppose the use of this drug for anything. Legal or not.
At this point, it appears the problem is not if, but when, the use of cannabis as medication, will be widely accepted across the United States. Just like the Lottery, sweeping across the Nation over the past couple decades, the real question might not be how many States want to make legal medicinal cannabis, it might be, how many can afford not to? With several of our States currently suffering financially, maybe what we should actually be focused on is whether or not cannabis is really an effective drug or if it is just becoming another taxable commodity?