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Marijuana Business Industry

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According to the study of private company Bloomberg, legalizing marijuana in United State could bring as much as $120 Billion a year, though realistically fall closer to $35 billion to $45 billion. The taxes that the government will earn will fall to $25 billion or more. – PowerPoint PPT presentation

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Title: Marijuana Business Industry


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Cannarex Marijuana
  • Marijuana Business Industry

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  • According to the study of private company
    Bloomberg, legalizing marijuana in United State
    could bring as much as 120 Billion a year,
    though realistically fall closer to 35 billion
    to 45 billion. The taxes that the government
    will earn will fall to 25 billion or more.
    Compared to tobacco and cigarette industries its
    generates 17 billion federal tax revenue. Based
    on the study on November 2009 Standards and
    Poors industry report the tobacco and cigarette
    industries generated 263 billion combined sales.
    Thats why the government is pressured in
    legalizing marijuana since it will generates
    money, although there stance is still marijuana
    drug can create serious mental health issues
    despite reports by Drug Policy Alliance that
    cannabis is less harmful than alcohol and
    tobacco.

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  • In Canada the use of medical marijuana has been
    legalize over the past ten years with strict
    guidelines, recently it lessened the hold on
    marijuana production for medical uses by allowing
    RCMP certified indoor marijuana farms. Since its
    illegal in America, American firms are partnering
    with the local Canadian resident who is certified
    in producing medical marijuana products and once
    that the Congress approved the legalization of
    marijuana they can bring it to the United State.
    Californian firm Medbox is starting to put up a
    cannabis vending machine in Canada enabling
    people to get their medicine easily and once that
    its legal in America they hoped to bring it
    there.

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  • The majority of the Americans have favored the
    legalization of marijuana product in fact the
    support of legalizing pot has been increased by
    10 putting pressure to the government to
    legalize it. Legalizing marijuana will saved the
    government money by arresting, arraigning, and
    imprisoning people for possession.

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  • Colorado and Washington State are already making
    money in cannabis industry, so it wont be too
    long before the United States as a whole will as
    well. As government officials get used to the
    idea, you should do as many of the companies
    reaching out to Canada are doing get prepared
    to make money from what could soon be one of the
    biggest industries in America.

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