Marijuana in America: A New Age
Flower fans, there is no doubt that marijuana in America is reaching new heights of acceptance. As the legal marijuana industry grows and evolves, many are wondering when will weed be legal everywhere? It’s been a long journey towards legalization, and we still have a long way to go, but we’re well on our way!
To truly understand the significant impact of the marijuana industry, we need to understand where we’ve been. The first major federal limitations for marijuana in America were enacted in 1937, along with a constant campaign to associate the plant with criminality, racist stereotypes, and position weed-use as a gateway drug.Despite the government’s best efforts, much like Prohibition, criminalization simply created a robust black market for marijuana.
With the criminalization of marijuana came systemic injustices that resulted in far too many stigmas, prejudices, and untrue beliefs about the nature of people who use cannabis.With criminalization came millions of arrests and incarcerations for possession or distribution of small amounts of marijuana, skewed heavily towards people of color. Gradually, legalization, expungement of criminal records, and social equity programs will be able to right some of these wrongs.
Happily, America’s deeply ingrained beliefs about cannabis, hemp, and marijuana use are all gradually and significantly shifting towards the benefits of cannabis as a medicine. If we’re being real, the plant itself has been used for medicinal purposes and cultural rituals since the dawn of time. Native American tribes used the plant in a variety of ways.
People turn to medical marijuana and cannabis products for a variety of reasons. Many use the plant to relieve stress, promote relaxation and better sleep, ease chronic pain, or stimulate the appetite in cancer patients and the chronically ill. For people with anxiety and other debilitating medical conditions, cannabis can make a big difference in their quality of life, too. Others want complementary, natural, and alternative therapeutic treatment options to enhance wellness and ease stress rather than synthetic pharmaceuticals. Many are simply recreational users who just enjoy how cannabis makes them feel, just like others might need a drink or two to unwind after a long day. And boy, are cannabis enthusiasts spending money!
Weed Market Growth in 2020 & Beyond
Americans spent nearly $18 billion on cannabis in 2020
That’s 65 percent more than 2019 sales! - Leafly
The legal side of the marijuana industry officially began in 1996 when California became the first state to legalize medical marijuana. In 2012, California and Washington became the first states to legalize the recreational use of cannabis. Today, more than half ofU.S. states have enacted legal, medical marijuana, and fifteen states have legalized certain quantities of marijuana for recreational use. The benefits of cannabis and CBD have only just begun to be researched by scientists, with promising initial results. However, we still have a long way to go.
With so many advances in technology, growing and cultivation techniques, safe packaging, and standardized dosing, even the biggest skeptics have to admit that cannabis legalization is putting safety first. The substantial tax revenues that legal states enjoy and put to good use in funding education, healthcare, and other essential programs will become more and more attractive to the latecomers.
According to the latest figures released by Leaflink, among legal, medical marijuana states, Arizona grew the fastest with a 95 percent increase in wholesale marijuana compared with the same period a year ago. The addition of recreational cannabis means the sky's the limit for the Grand Canyon State - new companies, new jobs, and lots of tax dollars flowing into the state’s coffers. Nobody can deny that’s a great thing for our state.
Additional reading: More on the2020 estimated tax revenues from recreational use can be found on the CPAAccounting Institute for Success website.
Here are some key facts everyone should know about the legal cannabis industries.
● Captures much-needed revenue & tax dollars for local economies & states
● Helps ease the burden on prisons & end disproportionate punishment
● Improves job opportunities for all, especially minorities & women
● Offers products that can be used to treat a variety of health conditions
● Helps ease the current opioid crisis by providing natural treatment alternatives
Medical marijuana is now legal in37 states.
Fifteen states and Washington, DC, have legalized cannabis for all adults.
Nine states more than doubled 2019 sales totals in 2020: Arkansas,Connecticut, Florida, Illinois, Maine, New Jersey, North Dakota, Ohio, andPennsylvania.
When Will Weed Be Legal Everywhere?
We live in a socially driven world, so overall awareness of the medicinal properties of cannabis has rapidly grown nationwide across broad demographics and even more so during the pandemic.These shifts in attitudes about cannabis align with a larger global trend towards personal and shared wellness and social justice. Recreational use simply ups the ante for states, as the recreational market is proving to be even more robust than the thriving medical marijuana market in states with legal adult use of the plant.
The simple facts: Smoked, vaped, infused into edibles, consumed by capsule, or used in lotions, potions, and tinctures - people want these cannabis products on store shelves and in their medicine cabinets. This all adds up to pent up demand and revenue waiting to be harnessed in legal form. These factors are collectively driving the country towards robust new weed market growth nationwide. New industries, thousands of new jobs, and more tax revenues from legal sales and distribution of cannabis and hemp products are being created every day, so it’s an exciting time for cannabis users everywhere. With a new democratic government now sworn in, the possibility of federal legalization and banking reform has never been, uh, higher. As tax revenues flow into the coffers of legal cannabis states, the benefits of legalization and taxation of marijuana will become more attractive.
Connecticut, New Mexico, New York,Rhode Island, and Virginia are the most likely states to legalize marijuana in2021. For more detailed information, see this article from Marijuana Moment.
For more about the economic benefits of legalizing weed, see this article from Investopedia.
Arizona’s legal recreational cannabis sales market is now open to adults aged 21+. Contact TheFlower Shop for more information.