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4 Words That Could Change the Future for Marijuana

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Submitted by Marijuana News on Mon, 02/23/2015 - 14:56

To put it mildly, the marijuana industry is rapidly evolving before our eyes. What seemed like a long shot to succeed a decade ago is quickly becoming a flourishing industry.

Over the last decade, we've witnessed the pendulum swing from 75% of those surveyed by Gallup being against the legalization of marijuana to 58% of respondents being in favor of its legalization as of 2013. The implications, as we've previously discussed, are twofold.

Marijuana's benefits and big risk
First, marijuana sales for both recreational and medical marijuana tend to be taxed at an exceptionally high rate, which brings in tax revenue for states where the drug is currently legal. This tax revenue can curb budget deficits and save jobs, and it's a great tool for sparing all residents of a state a tax hike. Only those who purchase medical or recreational marijuana are subject to the tax.

The other...

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