As the cannabis industry expands in size and reach, more sectors are getting involved. Firms are recognizing various opportunities along the chain, and have started to participate.
San Francisco, CA (PRWEB) June 23, 2014
A new era known as “The Green Rush” has arrived in the United States as prohibition has ended for marijuana (also know as weed, cannabis or pot). With the booming multi-million dollar marijuana industry in the United States, countless information sources are releasing marijuana-related news stories, opinions and features on a daily basis. The newest source is USMedicalMarijuana.net which aims to be a reliable source of medical marijuana news and information for people all over the US and around the world.
To date, more than 20 states across the country, as well as in the District of Columbia have ended the prohibition of marijuana for medical purposes. In Colorado and Washington, marijuana has been legalized for both medical use and responsible adult use. At the moment, many other states have some form of marijuana legislation in the books.
November 2013 was a historic month for the US and the world as two states, Colorado and Washington, finally legalized the recreational use of marijuana. The legalization of recreational cannabis in Colorado and Washington thus created a tipping point, and this is very much apparent in the economic changes that have resulted. In Colorado alone, marijuana made $1 million in sales on its first day. Washington State, which opened marijuana retail in June, is expected to do the same. Across the country, marijuana and hemp stocks dramatically rose at the start of 2014, following the two states’ legal conversion.
With the latest developments in terms of the legalization of medical marijuana, it is only natural that money has flowed into the industry. As the cannabis industry expands in size and reach, more sectors are getting involved. Firms are recognizing various opportunities along the chain, and have started to participate.
Companies have formed (and continue to form) that not only handle the plant or its product, but also to those that support them. These assisting firms are ancillary businesses, and they include insurance providers, security companies, consultants, and makers of complementary products such as vaporizers.
Also laws will continue to be rewritten over the next few weeks, months and years as the federal and state government figure out the best ways to deal with issues that arise from legalization.
USMedicalMarijuana.net will comb through the numerous materials on the marijuana industry and culture available both online and offline, and will make things more convenient for site visitors by publishing information that is both high quality and relevant.
The site strives to be a trustworthy source of information for individuals interested in the rapidly budding medical marijuana industry in North America. The website contains up-to-date news, as well as essential data and facts for individuals who wish to stay up to date on the latest that is going in this fast paced industry.
It is time to recognize the sweeping changes going in across the United States, as laws on cannabis use will continue to be rewritten over the next few years.
The group behind USMedicalMarijuana.net also owns a portfolio of cannabis related websites including http://www.potgrowing.net (legal pot growing technology & news) ,
http://www.michiganmedicalmarijuana.biz (Michigan cannabis news), http://www.washingtonmedicalmarijuana.biz (Washington cannabis news), http://www.newyorkmedmarijuana.biz (New York cannabis news) & http://www.californiamedicalmarijuana.biz (California cannabis news).
If people are interested in becoming contributing writers to MarijuanaStocksReport.com or any one of the websites they can contact editorial(at)greenrushreview(dot)com