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Another Financial Double-Whammy for the Marijuana Industry

Submitted by Marijuana News on Mon, 08/10/2015 - 08:45

The marijuana industry has been fighting an uphill battle for decades, but in recent years you could argue that it's been winning.

The marijuana movement pushes forward

Following decades of little to no support for a sweeping nationwide legalization of the currently illegal drug, nearly two-dozen states (and Washington D.C.) have passed legislation for medical marijuana since 1996. Taking it one step further, four states (and Washington D.C.) also allow consumers to purchase marijuana from licensed shops for recreational use.

Why the sudden change of heart on the part of consumers and states?

For consumers, I'd guess it's one of three main drivers. First, legalization could allow millions of chronically ill and terminal patients access to medical marijuana, which has been shown in certain studies to alleviate the symptoms associated with certain diseases and disorders. Secondly, as a survey from Gallup recently pointed out, more than 40% of those surveyed...

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