USA: Will 2016 Be the Year of Cannabis?
The prospects of legal cannabis in 2016 have come a long way in the last two years. In 2014 the cannabis industry exploded when legal sales of cannabis for personal use began in Colorado and Washington State, the Rohrabacher amendment finally passed in the House of Representatives, and the sky did not come crashing down. It seemed like the floodgates opened as business interests began to take notice and the gains of that year (74% market growth in 2014 according to the ArcView Group) bled over into 2015. Last year Oregon, Alaska, and the District of Columbia legalized personal use as well, and medical sales began in Minnesota and Illinois. Not all was rosy, of course, noting the stalled medical legislation in Pennsylvania and the failed campaign to legalize personal use in Ohio. Despite these setbacks soaring sales brought increased media attention, and legalization advocates across the country began preparing for...
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