The Expectations Of The Legal Cannabis Market After Elections

MAINE: In California, Massachusetts, Nevada and Maine, voters decided that recreational cannabis use is now legal. Now as for Arizona, it was the only state that rejected the proposal. Making it four of the five states, where the proposal of legalization of cannabis for recreational use were approved. Companies in this sector profiting from the growing demand, views this as a highly positive development for the legal cannabis industry, as it may bring billions of dollars to the industry and to the states themselves.

District of Columbia, along with other 8 states now recognizes recreational marijuana use as a legal practice for adults. Arkansas, Florida, Montana and North Dakota assed ballot measures legalizing medical marijuana use only.  California is of course the most populated state and the largest market for cannabis. California Lt. Gov. and former San Francisco Mayor Gavin Newsom, said the proposition could generate up to $1 billion a year in tax revenue, as well as $100 million in saved taxpayer money on an annual basis.

NY Launches Medical Marijuana Program Thursday

NEW YORK: New York is the latest state to allow its citizens to use medical marijuana.

The Empire State kicked off its medical marijuana program Thursday with eight dispensaries opening for business.  The program comes 18 months after Governor Andrew Cuomo signed the Compassionate Care Act.

It makes non-smokeable forms of medical marijuana available to New Yorkers.