High Finance: Cannabis Expo, Microsoft & New York Hemp …
By High Finance Report - 06/27/16Check out the latest episode from our friends at High Finance.
Last month NFL player Eugene Monroe made headlines when he donated $80,000 to a group in Colorado that is studying the effects of cannabis on those who sustain multiple concussions. Monroe has also been very vocal about his disagreement with the powers that be at the NFL over the league’s policy on marijuana.
Last week former NFL quarterback and Super Bowl Champion Jim McMahon spoke at the Cannabis World Congress and Business Expo in New York City, and he had a lot to say about cannabis.
Colorado Gov. John Hickenlooper has signed a bill into law that now requires school districts to adjust policy to allow students to use medical marijuana.
Back in 2015, Jefferson County resident Stacy Linn and her son Jack Splitt, who uses medical marijuana to treat his cerebral palsy, won a major court battle to allow MMJ use in Colorado schools. However, even after that, not one school district in Colorado changed its individual drug policy to allow medical cannabis.
Vermont Gov. Peter Shumlin just signed a bill into law that expands on Vermont’s currently limited medical marijuana program. Patients suffering from chronic pain, glaucoma and those in hospice care can now qualify for medical marijuana.
The main argument driving this bill (and that eventually won it) is that people suffering from chronic pain or going through hospice care in Vermont could much more easily obtain prescription painkillers than the admittedly safer and much less addictive medical cannabis.
I hope you’re sitting down as you read this, because this is MAJOR and SHOCKING news!
Marijuana legalization creates jobs.
Yes, you read that right. Legalizing marijuana creates jobs. It turns out that people like to buy marijuana, and they like to buy it from stores. Those stores need people to sell the marijuana to those who want to buy it. So businesses open up and hire people and sell marijuana. It’s crazy, AM I RIGHT?
In the month of April some $117 million worth of legal cannabis was sold in Colorado, setting a record for the relatively short history of legal marijuana sales in the state. It’s sure to be a record broken time and time again.
Recreational marijuana sales accounted for over $76 million of the record total, which is not surprising considering how much larger and less restricted – in terms of customer base – that market is. Overall, recreational sales saw an 80% increase over sales from last Aril.