Medical Marijuana Now a $1.7 Billion Industry

Discussion in 'Cannabis News' started by skip, Mar 31, 2011.

  1. skip

    skip Founder Administrator

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    With 15 states having legalized medical marijuana, the industry is growing by leaps and bounds. Approximately 1,500 dispensaries now provide marijuana to patients across the country, with Maine being the first state east of Colorado to allow retail medical cannabis sales.

    With an estimated $1.7 billion in sales, cannabis represents a huge opportunity. Entrepreneurs of every stripe have started up dispensaries, grow operations, insurance, investment services and more businesses related to the sale of medical marijuana.

    Yet, difficulties remain for dispensaries because they are not recognized by Federal law as legitimate business, but as illegal drug enterprises. Just maintaining a bank account to comply with state laws can be difficult.

    http://www.mcclatchydc.com/2011/03/30/111304/medical-marijuana-industry-rapidly.html
     
    skip, Mar 31, 2011
    #1
  3. Duck

    Duck quack. Lifetime Supporter

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    Well, the higher numbers it gets, the more legitimate it should seem to the Federal Government.

    Maybe they should be getting advice from big banking.
     
    Duck, Mar 31, 2011
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  5. stinkfoot

    stinkfoot truth

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    Ah- yes... let's see... precipitate a crisis that enables the elimination of smaller entities enabling the bigger ones to buy them out and consolidate the industry making it less competitive and more expensive- all with the critical help from the government.

    The money is the bait that will inevitably draw in bigger fish. Greed seems to be a motivator which would preclude the need for advice from banksters as to how a business sector can be turned into a monopoly.
     
    stinkfoot, Mar 31, 2011
    #3
  7. skip

    skip Founder Administrator

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    Ah, but in California, it's become so run-of-the-mill now, that some dispensary employees are now unionized and receive all the benefits like health insurance and 401K plans. It's that kind of backing (by unions) that will bring the medical marijuana industry into the mainstream.
     
    skip, Mar 31, 2011
    #4
  9. wa bluska wica

    wa bluska wica Pedestrian

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    except in montana
     
    wa bluska wica, Mar 31, 2011
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  11. snowtiggernd

    snowtiggernd Member

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    And I suspect ND wont either..
     
    snowtiggernd, Apr 1, 2011
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  13. broony

    broony Banned

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    im trying to get my MJ Card right now.
     
    broony, Apr 4, 2011
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  15. volosity

    volosity Member

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    got mine the same say as the appointment :p witch i moved here 2 weeks ago lol
     
    volosity, Apr 8, 2011
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