Arizona Vs North Dakota State Football latest 2023

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Is Legal Marijuana Bigger Than The Internet of Things?

The greatest innovation in history –

Nothing on Earth today (and I mean nothing at all), not smartphones, automotive, aerospace, real estate, gold, oil, software, biotechnology, nothing… grows as much or as fast as the market for legal marijuana.

Consider this: By 2020, the legal marijuana market will reach $22.8 billion (not millions, but billions with a B). The legal cannabis market “could be larger than the National Football League, which had $12 billion in revenue in 2015. Between 2016 and 2029, marijuana growth is expected to reach $100 billion, an of 1,308%.

Estimates place the number of occasional marijuana users in the neighborhood of 50 million people. No less than 7.6 million people indulge in it daily. Of the 83.3 million millennials, 68% want cannabis to be legal and available. Once legalization takes hold everywhere, dozens of already established companies – in the tobacco industry… in agriculture and irrigation… in pharmacy – will want to jump in without hesitation. And if you want more evidence that marijuana is going mainstream, consider this…

On November 8, tens of millions of Americans in nine states went to the polls and voted on the future of marijuana. California, Massachusetts, Maine and Nevada have voted to legalize the recreational use of marijuana. And voters in Arkansas, Florida, North Dakota and Montana passed ballot initiatives legalizing medical marijuana. Only Arizona, where recreational cannabis was up for a vote, came out against legalization. Together, these states (excluding Arizona) represent a total population of 75 million people. That means one in five Americans — 20% of us — woke up on August 9 to find themselves in a state where medical and/or recreational marijuana is legal for adults 21 and older.

Even Hollywood celebrities are getting in on the act. Many people are already familiar with the weed-related business pursuits of Snoop Dog, country music legend Willie Nelson, and actor and comedian Tommy Chong. Fewer people know that Grammy-winning singer Melissa Etheridge is developing her own line of cannabis-infused wine and TV talk show host Whoopi Goldberg is launching a line of medical marijuana products aimed at women. . And people listen to Hollywood icons. Nothing is more mainstream than the television sitcom.

On July 13, 2016, Variety revealed that Netflix was planning to air a sitcom at a legal pot dispensary. Called DisJointed, the series is the brainchild of television genius Chuck Lorre, creator of mainstream blockbusters such as The Big Bang Theory and Two and a Half Men. A recent Quinnipiac University poll found that 89% of voters in the United States believe adults should have legal access to medical marijuana when a doctor prescribes it. And the United States isn’t the only country ready to loosen the reins on marijuana. Israel, Canada, Spain, Mexico, Australia, Uruguay, Jamaica, Germany and Colombia have legalized or decriminalized possession.

Since 1972, marijuana has been classified as a Schedule 1 controlled substance. Schedule 1 drugs are those considered to have no medical use and have a high potential for abuse. As a Schedule 1 drug, marijuana is grouped with heroin, LSD, and ecstasy. But in the face of growing pressure from doctors, medical researchers, state governments and Congress, the Drug Enforcement Agency (DEA) has come under pressure to downgrade marijuana to a Schedule II drug, or perhaps even in Annex III.

According to the US Census Bureau, by 2030 one-fifth of the population – 72 million Americans – will be 65 or older. These baby boomers will all face a host of age-related illnesses, such as glaucoma, cancer, arthritis and back pain. It turns out that cannabis remedies are particularly suitable for the treatment of these diseases. So, as the elderly population increases, the size of the medical marijuana market will also increase. The social acceptance of cannabis will also increase, as millions of people experience the benefits of medical marijuana for themselves.

A single marijuana dispensary could bring in over $676 million a year. All this money does not come from the herb itself. Most people have heard of things like “pot brownies”. But the market for marijuana “edibles” goes beyond that. There are cannabis-based desserts and cannabis-based energy drinks. In fact, we are even about to see the opening of the world’s first cannabis distillery.

For people resistant to smoke inhalation, there are sites that offer THC-loaded capsules, lip balms, hash bath oils, a topical compound, and even THC patches that provide “precise dosing … a rapid onset and unparalleled duration”. Thirsty users can enjoy THC-infused coffees, sodas, and sparkling waters. Besides the boom in the recreational cannabis market, medicinal marijuana and its derivatives have also seen rapid growth, and for good reason.

Cancer patients undergoing chemotherapy and radiotherapy usually lose their appetite and have tender stomachs. But if they don’t eat, the treatments aren’t as effective. Cannabis has been proven to help stimulate the appetite and calm the stomach. New work is also underway with cannabis oil that shows promise for the treatment of epilepsy, multiple sclerosis, certain cancers and even rheumatoid arthritis. The oil is also effective for insomnia.

For most of the 20th century, doctors knew little about the workings of our most important organ, the human brain. Brain cells almost dictate any of our feelings, thoughts, and actions by sending signals that trigger appetite and hunger. Marijuana seems to fill the gap. Voters in the state after the start quickly come to an agreement that cannabis is actually medicine. The momentum only goes one way.

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