Earlier last week, the California cannabis industry scored a major victory!
The state’s recreational cannabis industry received strong support from its Attorney General and we are thrilled by these comments as it should further the conversation with the Federal government and in turn, provide more clarity on the matter.
California Attorney General Xavier Becerra spoke out yesterday and said that he does not plan to let the new White House administration interfere with the state’s plan to legalize recreational marijuana. This program is expected to get started in January 2019 after the November 2016 ballot initiative passed overwhelmingly.
Politico reported this announcement and we find it significant as it comes at a crucial time for the United States legal cannabis industry.
Becerra said, “I would love to see Jeff Sessions come to California and tell us we’re not going to move forward on cannabis. Something tells me, that it’s not going to happen. I’ll probably be the one millionth person in line to fight Jeff Sessions on that.”
The Cannabis Train Cannot Re-Route
The United States cannabis industry is at a crossroads and it has moved too far forward to try to pull it back now. We do not expect the war on cannabis to continue much longer as it does not make economic sense.
Not only would the shut down of this industry cost hundreds of billions of dollars, but it would also but a couple hundred thousand people out of work. The cannabis train has left the station and it would cost a lot of money to try and re-route this freight train.
Support has Never Been Higher
29 states have legalized medical marijuana and eight states and the District of Columbia have legalized recreational marijuana. The legal cannabis industry is already a multi-billion-dollar industry and it is not even in the first inning of what will be one of the biggest growth cycles ever seen.
Momentum and support for cannabis, especially medical cannabis has never been higher. Earlier this year, a Quinnipiac poll reported that 71% of Americans would oppose a federal crackdown on legal cannabis and that 93% are in favor of medical cannabis.
The legal cannabis industry is the fastest growing industry in the world and it employs hundreds of thousands of people. If the government tried to shut the industry down, it would destroy new revitalized economies across the country and serve as a major headwind for economic growth.
Authored By: Michael Berger
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