How Medical Marijuana Transformed Stoner Culture Into Big Business in the US
Investors, retailers, farmers and even delivery start-ups are cashing in on America's profitable new industry.
Marijuana has come a long way. In just a few years, the drug has gone from being banned across the US to being legalised not only for medical use, but recreational purposes too.
In 1996, California voters approved Proposition 215 – the first legislation legalising marijuana for medicinal purposes at state level. Since then, 25 US states have relaxed laws on medical cannabis use, with several – Alaska, Colorado, Oregon, Washington and the District of Columbia – allowing recreational use.
The opening of the medical marijuana industry in the States has led to a booming business, with investors, retailers and even delivery start-ups cashing in on the profitable new industry. A report released in February 2016 by ArcView Market Research found legal cannabis sales jumped 17% to $5.4bn (£4.2bn) in 2015 – and they are...
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