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With a growing number of states legalizing weed for recreational and medical purposes, the U.S. market could surge eight-fold to $80 billion in sales by 2030, according to Cowen & Co. New York state has a small medical program and is expected to approve recreational weed this year. With a market value of roughly $1.5
There is a lot of buzz lately regarding Germany-many people believe that the country will soon make a move to completely legalise Cannabis for recreational purposes. The German Medical Cannabis market could reach more than €6 billion sales/year by 2030. .
Despite the federal illegality of cannabis, lawmakers and state representatives have implemented successful medical and recreational cannabis programs across the nation. As of July 2022, 38 states in America have legalized medical cannabis, and 19 states and the District of Columbia have established recreational cannabis programs.
The electoral triumph by the Republican party in Virginia this week has thrown into question the rollout of the state’s recreational marijuana market, which would be the first adult-use market in the South and is expected to generate more than $1 billion in sales before 2030. His campaign did not articulate a marijuana policy.
Somewhat confusingly, the UN Chief Executives Board (CEB), which represents 31 UN agencies including the UN Office on Drugs and Crime (UNODC), adopted a position stating that member states should pursue science-based, health-oriented drug policies, which many have read as a clear pointer towards decriminalisation.
Medical: legal Recreational: decriminalized. In September, 2020, the Swiss parliament passed regulations to allow for pilot schemes involving recreational cannabis. Minors under the age of 18 can still face legal proceedings under Swiss juvenile criminal law. How do the Swiss generally view marijuana?
Policy Implications. It allows them to build and allow a few to profit from a “medical cannabis industry” and drive yet more people to the black market for recreational cannabis use. We can be assured this is just the sort of report politicians in places like the UK & Australia will adore. WDR21_Booklet_1.
Both paths are complex processes in which scientific, medical, policy and political forces have influence. At the present time, state medical and recreational legalization have no impact on federal drug control laws. It was not a policy priority of the Obama administration. 2030 , 2068, 2070; Pub. 10, 1978 , 92 Stat.
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