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Legalizing Marijuana- What Economic Benefits Does the Act Bring Along?

Cannabis Law Report

Several cannabis products like concentrates, flowers, edibles like XO Nic Salt , chocolates, and cookies saw a remarkable increase. million as aggregate federal tax revenue by 2025. A recent report shows that nationwide legalization may generate around 1 million jobs by the year 2025. It is because the sector is maturing.

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In One Day, California Governor Signs Into Law Ten Cannabis Bills, Including Authorization for Interstate Commerce

Cannabis Law Report

While seemingly revolutionary, SB 1326 is contingent on an official assurance that the activity would not result in federal enforcement action against California – meaning, most likely, that this bill cannot be utilized until cannabis is federally decriminalized.

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New York Medical Marijuana Guide

Cannabis Law Report

Marijuana remained illegal, however, until 1977, when the possession of 25 grams or less of cannabis was decriminalized. Researchers predict that the market will be valued at $7 billion by the year 2025. What did pass in 2019 was a handful of marijuana decriminalization measures. billion in revenue.

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Meritas Law Firms Worldwide Article: Global Cannabis Industry: The Essential Primer

Cannabis Law Report

As more countries legalize or decriminalize the cultivation, manufacture, sale, and use of cannabis, companies across a variety of industries are looking for opportunities to capitalize on this emerging market. billion in 2025, according to Grandview Research. the form the finished product can take (edibles, topicals, etc.).

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