We recently provided an overview of the key cannabis events of 2015. As we turn the page and dive into 2016, it’s undeniable that the year is going to be momentous. We asked a few of our friends what they believe 2016 will bring to the wonderful world of cannabis.
There’s no denying that 2015 was a monumental year for cannabis, and that the major events of this past year will have an enormous impact on the economic markets, as well as the cultural significance of, legal cannabis for years to come. Here’s a brief summary of a few of the headline catching events of 2015, and how they might affect us all in the year to come.
The leaves are changing, the temperature is dropping and the summer is officially ending. While many will pack up flag t-shirts, put away leftover fireworks and clean that deliciously-used BBQ, we’re asking that you carry one thing with you as you say goodbye to summer and everything associated with it.
I 502 in Washington won the minds of 2012 voters, gaining 55.7 percent of the vote, but a large number also voted against, and hate to see retail stores popping up in their state. Taking the results apart county by county, we thought it would be interesting to see the differences in sales versus votes. Let’s see how the numbers stack up.
Washington has led the pack with legalization of recreational marijuana — and it looks like the trend will continue.
Moving towards legalization
The road to the present growing cultural acceptance has been bumpy, but straight. Currently, 23 states have enacted a medical marijuana law, allowing a variety of consumption methods for those needing cannabis to overcome physical ills.
Not everyone voted for Initiative 502. A full 44 percent of the Washington population checked ‘no’ on the ballot that brought us legalized pot. Many believe legalizing marijuana will destroy the county, children, everything! However, a variety of compelling arguments exist on the other side of that debate, beyond the desire to get high.
Here are a few reasons why keeping pot legal could benefit Washington, its children, everything!
Staying green may prove difficult for budding marijuana producers, but we found a few tips to lessen the load on Mother Nature.
The state hired the Botec Analysis Corporation out of Berkeley, CA in early 2013 to evaluate the environmental impact of legalizing recreational marijuana production. Botec produced a long study which shed some light on how production might affect the state’s carbon footprint.
Marijuana users and advertising to them has existed as an open secret for a very long time, but that hasn’t stopped it evolving into a force which will continue to change. In the past year, the appearance of the first cable-broadcasted marijuana commercial and the first New York Times ad for marijuana have brought a larger conversation about the history and future of marijuana advertising.
A Medicinal History
Medical marijuana led the charge of legalization in America and it also provided most of the early forms of advertisements. Before the Marijuana Tax Act of 1937 made possession illegal, doctors, pharmacists and merchants touted the medicinal properties of pot in every form available. From matchbooks to in-store standing displays, distributors sold cannabis based on its pain relief and calming affects.
Many people saw dollar signs in the passage of Initiative 502, but the real business climate might prove treacherous.
Jessica Allen, a CPA with RainCity CPA, has already gained a wealth of experience dealing with interested entrepreneurs who want to take advantage of marijuana’s legalization. However, she has grown dismayed over hurdles the state has set in front of businesses trying to develop.