The fact still remains that California is top dog when it comes to weed distribution. Its little brother Colorado is just hogging up all the attention right now. Probably the biggest reason for that is that even though weed isn’t exactly hard to acquire in California, you still need a prescription to be served at a dispensary.
With that said, California is the nation’s number one weed dealer, as we now know thanks to some new numbers published by The Economist. Just what are those numbers? Well, over a billion, 1.127 to be exact, pieces of green were exchanged for some stickier green in 2014.
The marijuana market has exploded as a legal business operation in recent years. With new states proposing and pushing marijuana legalization through the senate every year, it’s only a matter of “when” not “if” the country finally makes it legal federally.
Colorado has garnered attention, showing that recreational marijuana brings home the bacon for the State. They pulled in 68 million dollars worth of tax revenue in their first 11 months, even with the fact that weed is still much cheaper on the streets. And this is off of 600 million in sales, this is just one slice of an estimated 40 billion dollar pie, which can certainly be raised substantially if weed were legalized federally, opening the doors for more cautious or reserved individuals who are afraid to try it.
The country is now of the majority opinion that weed needs to be legalized, with the most recent poll numbers placing 52 percent of Americans in-favor. This has grown quite rapidly over the last decade, and numbers being as low as 12 percent in the 60’s, which most people associate as a popular era of hippies and doobies. This growth in public opinion, public education, and political trend towards decriminalizing drugs may lead to a federal legalization effort as early as five years from now. Most say the government should have addressed this a long time ago, as even today State-legal businesses are still being prosecuted federally. It doesn’t take a rocket scientist to realize this is backwards and broken.