In an article by: Aaron Smith CNN
California, Massachusetts, and Nevada approved recreational pot on Tuesday. Maine voters also supported legalization by a slim margin, though opponents have called for a recount. Recreational marijuana is already legal in Colorado, Oregon, Washington, Alaska and Washington, D.C. Three more states — Arkansas, Florida and North Dakota — approved medical marijuana, and voters in Montana removed restrictions blocking the creation of a market there. Medical marijuana was already legal in 26 states. California alone, the most populous state in the union, could bring in more than $1 billion in annual tax revenue, based on a forecast from the Tax Foundation. But it would take several years to get to that point. Annual sales of weed in California could reach $7.6 billion by 2020, according to New Frontier Data –$4.3 billion for recreational and $3.3 billion for medical. That matches the $4.3 billion recreational sales estimate from the Tax Foundation. Medical marijuana has been legal in California for 20 years, and generates about $50 million in annual tax revenue. In addition, Kagia said legalization will create “income opportunities for businesses that do not touch the plant but serve the needs of the industry,” like financial services, security, accounting, transportation and marketing. California alone, the most populous state in the union, could bring in more than $1 billion in annual tax revenue, based on a forecast from the Tax Foundation. But it would take several years to get to that point. Annual sales of weed in California could reach $7.6 billion by 2020, according to New Frontier Data –$4.3 billion for recreational and $3.3 billion for medical. That matches the $4.3 billion recreational sales estimate from the Tax Foundation. Medical marijuana has been legal in California for 20 years, and generates about $50 million in annual tax revenue. In addition, Kagia said legalization will create “income opportunities for businesses that do not touch the plant but serve the needs of the industry,” like financial services, security, accounting, transportation and marketing.
In an article by: Jen Christensen, CNN
By Laura Qidong Shi
Signature Bag Company
A Signature American Industries LLC Company
260 Williamson Blvd.
Suite 732024 Ormond Beach,
FL 32174
P.O. Box 732024
Ormond Beach, Florida 32173-2024
US Toll Free Tel: (888) 901-BAGS (2247)
US Toll Free Fax: (888) 657-BAGS (2247)
Local and Int’l Tel (386) 247-0708
Local and Int’l Fax (386) 247-0709
SIGNATURE PACKAGING GROUP USA ©2024 All Rights Reserved www.SignatureBag.com