LATEST MARIJUANA NEWS
Marijuana policy impacts
We cover the most up-to-date marijuana news today on the politics, finance, business and technology behind the leaf that’s been used as medicine since ancient times. Our marijuana legalization news includes marijuana policy reform and marijuana regulation impacts on health, safety and the economy.
The Coronavirus pandemic and marijuana legalization
You can jump directly to our marijuana daily news, marijuana stocks news and marijuana science news sections to see firsthand how the dominos have fallen and with good reason. As we’ve seen, the world can change from one minute to the next.
The Coronavirus pandemic has changed the way we live by creating a massive hole in our economy. There is so much uncertainty, people have lost their jobs, homes and even lives. There is however, slight irony that the plant that has been demonized the last century, is the plant that is becoming legalized state-by-state in record time. Tax revenues from medical and recreational marijuana sales are giving states the economic relief states need to invest back into programs that help the people most impacted by the pandemic.
Marijuana legalization at the federal level
In recently legalized states like Illinois marijuana sales have skyrocketed, raking in over $100 million for the first time in October 2020 alone. It makes you wonder if we should just cut to the chase and legalize marijuana at the federal level once and for all. Well, as of September 2020, the House is set to vote on a bill that would legalize marijuana at the federal level through the MORE ACT.
A Gallup poll shows that Democrats, Independents and Republicans favor marijuana legalization. If it passes the Senate, we can expect marijuana to be legalized for recreational use, something that fifteen states including Washington D.C. have already done: Alaska, Arizona, California, Colorado, Illinois, Maine, Massachusetts, Michigan, Montana, New Jersey, Nevada, Oregon, South Dakota, Vermont and Washington. It is currently legal for medical use and has been decriminalized in 20 states but remains fully illegal in the remaining six states: Idaho, Wyoming, Kansas, Tennessee, Alabama and South Carolina.
Marijuana news for the better
It’s clear that we’ve made a lot of progress, especially in the last year under the pressure of Coronavirus. The truth is, we still have a long way to go. We are all impacted in ways we may not even be aware of and it can be hard to keep up with the movement because this is a movement. Changes in marijuana legalization and legislation impact individuals, dispensaries, growers and distributors so whichever category you fall in you are in the right place.