Exciting times. Marijuana decriminalization and legalization is moving quickly.
Most recently, as was reported yesterday, the US Justice Department announced that banks and other financial entities could participate in the burgeoning marijuana industry without fear of penalty.
This is a huge step forward, but one I expected because it is obvious a decision has been made at the highest levels that marijuana is to be legalized much like tobacco and alcohol.
I’ve initiated immediate moves to take advantage of this incredible business opportunity – for our shareholders and our family of readers, many of whom have been with us for nearly five years. I hope you come along with us.
See more below.
But first, a little background. We wrote recently about the expanding marijuana market in our most recent Trends and Sector Report.
The featured article was, “Marijuana: Smell the Profit” and we pointed out that the marijuana industry when it matures could be “perhaps the hottest – and one of the largest – markets in the world.”
We also pointed out that the industry was definitely in flux at the moment, especially in the United States where states are busily legalizing medical marijuana while fedgov remains disapproving.
But we expected that would soon change.
Read more via Anthony Wile & The Daily Bell – Marijuana: How We Will Seize Our Opportunity – and Yours.
Most people dont think “cops” when they think about who supports marijuana legalization. Police are, after all, the ones cuffing stoners, and law enforcement groups have a long history of lobbying against marijuana policy reform. Many see this as a major factor in preventing the federal government from recognizing that a historic majority of Americans – 52 percent – favors legalizing weed.
From Huffington Post…
National support for legalizing marijuana is at a record high, according to a poll sponsored by the pro-legalization Marijuana Policy Project.
Fifty-eight percent of voters said the use of marijuana should be made legal, while 39 percent said it should be illegal, the poll, conducted by the Democratic firm PPP, found.
Support was highest among Democrats — 68 percent of whom favored legalization — compared to 42 percent of Republicans and 59 percent of independents. An age gap was also in evidence, with 61 percent of voters under 30 supporting legal marijuana use, compared to 48 percent of those over 65.
A CBS poll released last week found less than a majority in support, with 47 percent saying marijuana should be legalized. That survey also reflected a shift, however, marking the first time that support for legalization outstripped opposition.
Read more via Pot Legalization Support At Record High, Poll Finds.