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Sep 24 - 20 states expected to fully legalize weed by 2024


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 3 months ago '09        #1
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messy marv stan  topics gone triple plat - Number 1 spot x9
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Sep 24 - 20 states expected to fully legalize weed by 2024
 

 
visit this link https://www.fool.com/inve .. ijuana-by.aspx


The legal marijuana industry is budding before our eyes. What had once been considered a taboo industry that was swept under the rug by lawmakers has now become a front-and-center issue, as well as a big-time moneymaker for investors and companies involves in the pot industry.

image According to the team of Arcview Market Research and BDS Analytics, worldwide licensed-store cannabis sales totaled $3.4 billion in 2014. Just four years later, they more than tripled to $10.9 billion. By the time 2024 rolls around, they may nearly quadruple once more, with the 2019 State of the Legal Cannabis Markets report calling for $40.6 billion in global licensed-store sales. And, mind you, this figure doesn't include cannabinoid-based pharmaceutical sales or cannabinoid-based products sold by general retail stores


Two-fifths of the U.S. should be recreationally legal by 2024

At the heart of this growth is the United States. The U.S. is consistently viewed as being responsible for between a third and half of all global marijuana sales in five to 10 years' time. The big question simply is: Will the federal government change its tune on marijuana?


In the State of the Legal Cannabis Markets report, Arcview and BDS suggest that while medical legalization is expected in all U.S. states by 2024, only 20 states will have given the green light to recreational cannabis sales. Following you'll find the 20 states (listed in alphabetical order) that this duo expects will have legalized adult-use cannabis by 2024.

Alaska
Arizona
California
Colorado
Connecticut
Delaware
Illinois
Maine
Maryland
Massachusetts
Michigan
Nevada
New Jersey
New Mexico
New York
Ohio
Oregon
Rhode Island
Vermont
Washington

You'll note that 11 of these states have already legalized recreational cannabis use and/or sales. Illinois is set to commence legal weed sales in just over three months, with Michigan and Vermont not too far behind. Meanwhile, nine states are projected to "go green" on a recreational basis sometime between now and 2024, based on this report: Arizona, Connecticut, Delaware, Maryland, New Jersey, New Mexico, New York, Ohio, and Rhode Island


image


z cube


Certain states take precedence

It's one thing to be a recreationally legal market in the United States; but it's an entirely different story when it's a highly lucrative market.

At the top of the pecking order is California, with $7.23 billion in projected annual cannabis spending in 2024 (this figure combines medical and recreational spending). With the Golden State expected to comprise almost a quarter of the United States' 2024 licensed-store sales – as well as singlehandedly outsell Canada that year -- it's no wonder that pot stocks are aggressively f*ghting for market share.

Most notably, Cresco Labs (OTC:CRLBF) is in the process of acquiring Origin House in an all-stock deal. If complete, Cresco Labs will have purchased one of the few holders of cannabis distribution licenses in California, which'll give Cresco access to sell its branded products in more than 500 licensed dispensaries in the state.

But there's plenty of opportunity beyond California. In fact, 12 other states, aside from California, are expected to generate $1 billion in annual cannabis revenue by 2024.


image


mother of berries


Arguably the most intriguing of those states is Nevada, with $1.41 billion in forecasted sales in 2024. Despite being one of the least populous states, Nevada should generate the highest per-capita cannabis spending, thanks in part to the massive tourism draw of Las Vegas. This tourism is a big reason why Planet 13 Holdings (OTC:PLNHF) chose to set up the largest dispensary in the world just west of the Las Vegas Strip, and why Green Thumb Industries (OTC:GTBIF) acquired Integral a*sociates.

Planet 13 is currently generating about 10% of all marijuana sales throughout the state, with the company looking to replicate its success with a second store in Santa Ana, Calif. Planet 13's SuperStore in Las Vegas has seen its daily visitor count more than double between November and August.

Meanwhile, Green Thumb's purchase of Integral a*sociates gives it ownership of the Essence brand of dispensaries in the Silver State. Green Thumb is now the only dispensary operator allowed on the iconic Las Vegas Strip


Last edited by messy marv stan; 09-24-2019 at 06:52 PM..
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 3 months ago '15        #2
He A Savage fr 
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Recreational in Florida 2020 ����
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 3 months ago '17        #3
CJ Schwarz 
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Not surprising. The Bible belt is the area that's up for debate.
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 3 months ago '19        #4
DadeCounty 
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 He A Savage fr said
Recreational in Florida 2020 ����




I wish dawg but doesn’t looking promising with this piece of sh*t Ron DeSanti


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 3 months ago '18        #5
LuxuriousGreen 
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 3 months ago '04        #6
realkilla3 
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Tennessee gonna be one of the last to go





I gotta get the fu*k out of here
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Top 10 most slapped recently  3 months ago '19        #7
Gold Face  topics gone triple plat - Number 1 spot x1
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Florida keeping the traps blessed









Last edited by Gold Face; 09-24-2019 at 08:33 PM..
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 3 months ago '12        #8
ENAK 
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I'm not Shocked Hawaii isn't on the list. dumbass' running this state have no idea what they're doing
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 3 months ago '08        #9
cohs 
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Virginia down to florida fu*king up.
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 3 months ago '07        #10
Postradamus 
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 realkilla3 said
Tennessee gonna be one of the last to go





I gotta get the fu*k out of here
Tennessee and North Carolina the same state. Was about to say that’s when my kid finishes high school


Last edited by Postradamus; 09-24-2019 at 08:50 PM..
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 3 months ago '05        #11
BurninLz 
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of course Florida isn't on this list

unreal
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 3 months ago '14        #12
Gutterfish99 
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fu*king Tennessee and Mississippi ole bi*ch a*ses
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 3 months ago '05        #13
rippac4 
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Figured Georgia wouldn’t do it
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 3 months ago '09        #14
LOONATIK 
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Lol south lost. As usual.
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 3 months ago '11        #15
Sin  topics gone triple plat - Number 1 spot x5
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NJ citizens are voting on legalization
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 3 months ago '04        #16
realkilla3 
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 TGITP said
Tennessee and North Carolina the same state. Was about to say that’s when my finishes high school
bruh! my daughter has three more years and I'm gone!!!!!
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 3 months ago '08        #17
GoldBluded  topics gone triple plat - Number 1 spot x2
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The South passing around the L and I'm not talking about piff.
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 3 months ago '14        #18
OCT DION 
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No Southern states. Mfs down here stay getting drunk off their a*s, f*ghting, shooting, fu*king premaritally then going to church Sunday like nothing happened. Prostitutes roam the streets freely. Brothels out here being tolerated by the police. You can legally fu*k your dog down here. But n*ggas can't smoke a li'l weed in peace

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 3 months ago '15        #19
Kingm1ke05 
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I wish Georgia would fu*king leagalize it by now, of course they won’t though. I need to move away. I wish I knew ppl in colorado
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 3 months ago '04        #20
deziking  topics gone triple plat - Number 1 spot x1
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I'll see in january if I can cop bud in illinois from dispensary.
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 3 months ago '04        #21
WOODS5000 
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fu*kin Texas ain't sh*t. Good thing I live two stop lights down from New Mexico ����
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 3 months ago '08        #22
cohs 
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At least the Atlanta metro is decriminalized.
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 3 months ago '15        #23
kobraman 
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I need to start investing for real for real
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 3 months ago '18        #24
Blaffy 
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 3 months ago '09        #25
kickzrme 
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The south gonna forever be last for sh*t like this...not gonna stop me from rollin up these raws tho
+8   



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