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Across the United States, there’s a seemingly unstoppable movement gaining ground.
The legalization of cannabis for adult use – first passed in the states of Washington and Colorado in 2012 – is now approved in a total of nine states and the District of Columbia; and as Visual Capitalist's Jeff Desjardins notes, by the end of the year, that total could be in the mid-teens as states vote on cannabis-related ballots in the upcoming mid-term elections.
States - Adult - Use - Cannabis - Reasons
States are legalizing the adult use of cannabis for various reasons, but there’s no doubt that one of the primary ones is the potential impact on both the economy and government coffers.
Today’s infographic comes from cannabis royalty company FinCanna Capital, and it helps to contextualize the possible effects of cannabis legalization on the country’s largest state economy: California.
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Experts say the current cannabis market (including unregulated sales) in California is already worth about $8.5 billion, making cannabis quite the cash crop to start with. In fact, it’s an amount that’s bigger than the current three largest agricultural markets in the state: milk and cream ($6.1B), grapes ($5.6B), and almonds ($5.2B).
Passing - Proposition - November - Legalization - Effect
With the passing of Proposition 64 in November 2016 and legalization officially taking effect January 1, 2018, the state of California is now the world’s largest regulated cannabis market.
To take advantage of this...
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