Our friend Alex does a marvelous job with this newsletter. Politics, Health and Science, Criminal Justice, Business, Culture, and more! My problem is time: I cannot highlight for you more than two articles this week, below. But I encourage you to open his newsletter and check it out for whatever may be of most interest to YOU!
- California on Pace to Sell $4 Billion of Cannabis This Year Perhaps $75 Billion nationwide by 2030! As I have long maintained, Pot can be huge business, create much employment and huge revenue. Any negatives to legalization are far, far outweighed by the benefits.
Excerpts from the Article:
For recreational marijuana sales in California — the nation’s most populous state, and the nation’s oldest and most entrenched marijuana market — it was never a question of billions. It was always a question of “how many” billions. And, just four months into the era of recreational cannabis sales, we now have an idea: At least four, with many more to come.
… all signs are that the country’s largest cannabis market is booming and at a pace to render figures from the country’s first two legal cannabis markets quaint memories.
As per the paper, analysts predict that sales for the first quarter of 2018 “could surpass $1 billion.” If sales continue at that same pace, sales for all of 2018 will exceed $4 billion. As for that robust pace, there’s every indication that it is merely prelude, and that a steep acceleration awaits.
For context’s sake: In Colorado, the largest recreational market to date, sales topped $1.5 billion in 2017, according to state revenue figures. That tally itself was something of an accomplishment, achieved after several years of sustained double-digit growth.
Those taxes may soon be lowered. Lawmakers in the state Legislature appear to have taken concerns from retailers seriously. Locally, officials in Berkeley, California, have already moved to cut the local tax levy in half, from 10 percent to 5 percent.
According to a report issued Wednesday by Cowen and Company, sales of legal marijuana in America should exceed $75 billion by 2030, a figure comparable to the sales of soft drinks in 2017.
2. The top 8 anti-pot politicians up for re-election this year My comment here is short and to the point: Vote these idiots OUT! Read the article to spot the top 8, but WHEREVER you live, vote anti -pot legislators out of office. They are out of touch, uninformed, out of their minds, and should be out of office! kra