For the marijuana industry, 2016 was a successful year by any standards, reaching an estimated $7 billion in transactions and bringing the total number of states to legalize marijuana for medical and/or recreational purposes to 28.
Cannabis Policy
Big Banks are Entering the Marijuana Industry
A Key issues facing the marijuana industry in the US states with legalized marijuana is their inability to find a bank willing to handle the money.
According to a previous study, of 84 applicants to operate medical marijuana dispensaries 29 of the businesses claimed they had accounts at 1 of the big banks or 1 of the banks’ subsidiaries. Of that total, 17 had a connection to Bank of America.
Cannabis Industry Sees Cautionary Optimism amid Trump Administration Uncertainty
The election of 2016 will forever mark a historic moment for the cannabis industry, reflecting growing acceptance – and legalization – of cannabis for medical and recreational use.
Senate Banking Committee Could Pave the Way to a Bankable Marijuana Industry
Last month, a letter signed by 10 U.S. senators arrived on the desk of Jamal El-Hindi, the acting director of the Financial Crimes Enforcement Network (FinCEN), requesting guidance on how banking services might be offered to “indirect businesses” – such as SinglePoint, Inc. (OTC: SING).
Big Pot: The fall of marijuana prohibition
The fall of marijuana prohibition - the State, not the Feds are leading the charge (except in Canada). A record 61 percent of Americans support legal adult use, according to Gallup. That certainly sounds like the end of the conversation. But is there more?
2016 Was Marijuana Legalization’s Biggest Year Ever
With the end of 2016, one-fifth of the US population lives in a place where it is legal or will soon be legal to smoke marijuana for entirely recreational purposes. It’s a result of the biggest year for marijuana legalization yet, in which the number of states that fully legalized marijuana doubled. With the end of 2016, one-fifth of the US population lives in a place where it is legal or will soon be legal to smoke marijuana for entirely recreational purposes. It’s a result of the biggest year for marijuana legalization yet, in which the number of states that fully legalized marijuana doubled — from Alaska, Colorado, Oregon, and Washington to California, Maine, Massachusetts, and Nevada. And as legalization advocates look at the rest of the states, they see more opportunities for expansion — including, potentially, through state legislatures, instead of the voter-approved ballot initiatives that they’ve worked through until now.
States Considering Marijuana Legalization In 2017
2016 created the momentum for more states across the country to carry out discussions on the decriminalization of cannabis in 2017. Here is a list the states that may legalize marijuana in the coming year.
The marijuana industry is rolling into 2017 expecting significant growth
In 2016, roughly 60% of Americans said they favored the legalization of recreational marijuana, as the industry gained support in invalidating the war on drugs and seven states voted to legalize it for recreational or medical use. It was a watershed year for weed. The industry took significant steps in solidifying the market, demonstrating its earnings potential, while advocates fought to debunk the stigmas tied to consumption and argue that states can use it help plug budget holes.
2017 Brings about legal marijuana in Nevada
2017 came in on a cloud - of smoke. Nevada joined Colorado, Oregon, Washington and Alaska in legalizing recreational marijuana for adults as legalization took affect New Years Eve. So what will and won’t be legal? Here are answers to some of the questions surrounding legalization that will help you navigate Nevada’s uncharted cannabis waters.
Mexico on the front line of a U.S.-led Legalization war?
MEXICO CITY - Mexican advocates for drug reform are voicing alarm about the country's widening gap with the United States on marijuana legislation, as criminal violence surges again south of the border. Tens of thousands have been killed over the years in Mexico, on the front line of a U.S.-led war on drugs. The country's prohibitionist approach to marijuana is increasingly at odds with the United States, where liberalization is advancing.
Marijuana Legalization in USA Triggering Keen Investor Interest
Marijuana Legalization in USA Triggering Keen Investor Interest $GWPH, $INSY, $CARA, $MON, $ADM Marijuana legalization in the USA has brought keen interest among investors seeking to profit from a growing and very valuable cash crop. The states of California, Nevada, Massachusetts, Maine, Florida, North Dakota, Arkansas and Montana have approved measures to allow the Medical and/or Recreational use of cannabis.
A ‘light at the end of the tunnel’ for long-awaited medical marijuana program
Medical marijuana could finally become a reality next year in Maryland, one of the states slowest to make the drug available for purchase after legalizing sales. In 2016, regulators awarded long-awaited licenses to grow, process and sell cannabis while grappling with fallout from those shut out of the potentially lucrative industry.
More Good News for Those Who Want to See Marijuana Legalized
As 2016 comes to a close, it can arguably be described as the best year ever for marijuana. At the beginning of the year, 23 states had legalized medical cannabis, while residents in just four states had voted in favor of legalizing recreational marijuana. By year’s end, five new states had legalized medical pot, and another four had voted in favor of legalizing recreational weed.
Year in Review: Marijuana's Green 2016
As we look back on the year, 2016 may very well go down as the greatest year ever for marijuana and the cannabis industry. Over the past 12 months we've watched the industry evolve before our eyes, and in some cases seen legal marijuana spread to new states.