Marijuana industry is bracing for a renewed push toward legalization in 2017
In 2016, roughly 60% of Americans said they favored the legalization of recreational marijuana, as the industry gained support in invalidating the war on drugs and seven states voted to legalize pot for recreational or medical use.
It was a watershed year for weed. The industry took significant steps in solidifying the market, demonstrating its earnings potential, while advocates fought to debunk the stigmas tied to consumption and argue that states can use it help plug budget holes. In Colorado, where marijuana is legal for recreational use, total revenue from marijuana taxes, licenses and fees came to $72.8 million, as of October 2016.
But for all that was accomplished, there were setbacks. Donald Trump won the 2016 presidential election and though he has said he’s in favor of medical marijuana and states' rights, he is nominating Republican Sen. Jeff Sessions as the next U.S. Attorney General. Sessions is famously...
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