Prop 19: Bad News for British Colombia, Good News for American Big Business Marijuana
Prop 19: Bad News for British Colombia, Good News for American Huge Business Marijuana
British Columbia’s billion-dollar illegal marijuana economy is already seeing the effects of potential marijuana legalization in California. The cash industry makes up a massive part of the region’s economy and is likely to see serious consequences in their retail and service sectors should that change, Research performed by one American non-profit group recommended that the cost of pot could plummet by as much as 80 percent in the grappling of the Nov. 2 vote that could legalize the drug.
What is poor, naughty news for British Columbia; however, is good news for the say of California, which would likely adopt Canada’s position on top of the industry and start reviving the state’s sunken economy. Marijuana is already California’s biggest cash crop, bringing in billion a year, but the additional production and resulting revenue for the say would hold benefits both for California and the small and massive commerce owners who call it home.
Many California marijuana distributors that were shut down in raids early this year have been eagerly awaiting the Nov. 2 vote in the hopes of rebuilding their businesses and rehiring the thousands of employees that were left jobless when they closed. Others, like U.S. Cannabis (OTCPK:LLUX) have been thinking bigger.
Unlike in British Columbia where operations had to stay relatively small to refrain visibility and higher risk, US Cannabis is looking toward a new frontier in the marijuana business, and it’s broader and more expansive than anything we’ve seen before.
US Cannabis establishes eight objectives which include medical, management, world wide web and media, financial services, product development, industrial agriculture, dispensary management, political relations and philanthropy. Essentially they are looking to manage and leverage the marijuana product, given its pending legality becomes a reality, from all doable angles.
A marijuana company that operates like a recognized legal operation; that seeks to increase efficiency and visibility and has the capacity to closely manage product calibre is the first its kind. Only unlike many new companies, the demand for this product is well recognized, evidenced foremost by the 40,000 patients the company’s medical care database.
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