Weed Industry To Be Worth $13.4 Billion By 2020, Adding Hundreds Of Thousands Of Jobs

Dr. Jon

Well-Known Member
It's still regulated, but I encourage what they're doing. 6 plants per adult is not terrible.

As for federal vs state - they define each matter based on who they believe has the best competency, but State can overrule federal at any time - that's a constitutional truth. The constitution was written to protect states and individuals from the rights and power of the federal government (hence the 2nd amendment was actually written to allow citizens to protect themselves from their government).

"A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed."
Just as a point of clarification - and I think this is consistent with most people's seat-of-the-pants understanding, as well - on any given subject where both the state and federal governments have chosen to enact legislation, the federal rule trumps the state. It's called the Supremacy Clause, and it is set forth in Article Six of the U.S. Constitution. What it provides is that the US Constitution, FEDERAL STATUTES, and assorted federal regulations are the Supreme Law of the land, and trump any inconsistent state rules. This became an issue, for example, during the Civil Rights movement in the 60's, when many states decided they had the rights to set their own laws on who was legally entitled to vote, and how one demonstrated that qualification. The feds, for good reason, decided that such rights were within the compelling interests of the federal government to regulate, and state laws on the subject were therefore superceded, unless they were consistent with federal laws.

What this means in a nutshell is what we all pretty much understand. Colorado (or Washington, or any other state) can pass laws which make marijuana legal (or at least less illegal) within their own borders, but that does NOT stop the federal government from arresting you under federal laws that still make possession, distribution or manufacture of marijuana illegal. We are in this anomalous position where the tide of public opinion appears to be shifting in favor of legalization, and the feds have mostly decided not to aggressively pursue marijuana arrests in states that have moved to legalize it, but that doesn't mean they CAN"T pursue it, they have just chosen not to (mostly) for political reasons.
 

oddish

Well-Known Member
Correct. All of that exists, but at the end of the day there are very few situations that are explicitly deemed Federal jurisdiction - typically they are tied to cross-state-border items or things that affect the actual governing of a state (like voting - the guy that runs a state can't change the laws to make his re-election easier, etc).

The marijuana thing was a big issue not because of federal over state, but because banks and other institutions are federally governed and operated.
None of the banks were willing to touch marijuana money so there was a huge amount of cash floating around in warehouses. Now they use us canucks to create slush funds because our banks will take just about any money if they can.

As far as federal trying to pursue it, that's another matter. They can legally pursue anything, but they would have to bypass the state legal system and the state courts and make it a federal matter instantly. Their budget for prosecuting marijuana related items was cut down to next to nothing, so they can't get federal money for prosecuting individuals anymore. They can get funding for operations to go after large operations with gang interests, but that will never happen in Colorado because of the state law changes.
 

cannadan

Well-Known Member
Welcome Dr Jon
....it only now stands to reason....that making these busts would make the feds look extremely bad...
since the people have spoken...in these states...and they decided...legal...is legal..
its not that they can't do it...or that they don't want to do it..of course they do...but the budgets will shrink down to nothing or close to nothing....and without the cash and the overtime....for the police to cash in on...their bosses will have them focus on those things that pay....and increase police budgets...

its funny that with all the enforcement....that was hired to do marijuana busts and grow room take downs...
you would think that these forces would need to shrink in size now...with legal rec mj in places like CO.....but they are not....they have just re focused their efforts to other endeavors
 

cannadan

Well-Known Member
420 magazine...and harper would avoid this??

The marijuana industry is the fastest growing business sector in the United States, according to a recent market report, with sales expected to reach $3.6 billion by the end of 2015, and $13.4 billion by 2020.

With legalisation of the drug for medicinal or recreational use slowly sweeping the nation, there is a huge gap in the market not only for marijuana itself, but all the various paraphernalia associated with it.

"The growing acceptance of medical marijuana is providing growers and investors with unprecedented opportunities," Dmitry Diment of researchers IBISWorld, which created the report, said in a statement. "There has been no shortage of demand in recent years, as the industry has benefited from increased acceptance of the legitimacy of medical marijuana products."

Around 75,000 jobs have already been created, with with *one source* reporting that entry-level bud trimmers can earn between $50,000 and $90,000 a year.

"The next five years are expected to see the growth of large commercial cultivators, who will benefit from strong recreational demand across a number of states, including Alaska, Oregon and the District of Columbia," Diment said.

Marijuana has provided a huge economic boost to the states which have legalised it, with Colorado making so much tax revenue that it legally had to return some to customers.

This week, Ireland's government announced plans to consider the decriminalisation of cannabis, though in the UK the issue still hasn't penetrated parliament. *edit

guess where the beard hairs come from.....at least they are not someones short and curly's
 

CC Dobbs

Well-Known Member
420 magazine...and harper would avoid this??

The marijuana industry is the fastest growing business sector in the United States, according to a recent market report, with sales expected to reach $3.6 billion by the end of 2015, and $13.4 billion by 2020.

With legalisation of the drug for medicinal or recreational use slowly sweeping the nation, there is a huge gap in the market not only for marijuana itself, but all the various paraphernalia associated with it.

"The growing acceptance of medical marijuana is providing growers and investors with unprecedented opportunities," Dmitry Diment of researchers IBISWorld, which created the report, said in a statement. "There has been no shortage of demand in recent years, as the industry has benefited from increased acceptance of the legitimacy of medical marijuana products."

Around 75,000 jobs have already been created, with with *one source* reporting that entry-level bud trimmers can earn between $50,000 and $90,000 a year.

"The next five years are expected to see the growth of large commercial cultivators, who will benefit from strong recreational demand across a number of states, including Alaska, Oregon and the District of Columbia," Diment said.

Marijuana has provided a huge economic boost to the states which have legalised it, with Colorado making so much tax revenue that it legally had to return some to customers.

This week, Ireland's government announced plans to consider the decriminalisation of cannabis, though in the UK the issue still hasn't penetrated parliament. *edit

Trimmers don't make $50,000 a year. All of the jobs being created are low paying jobs. Kind of like the ones in the picture. No skill, entry-level jobs for very small wages. The owners of these companies are hiring immigrants and marginal people who will work for whatever is offered. The skilled workers are growing their own and making a good living.
 

ttystikk

Well-Known Member
Several points I wanted to address in this very good discussion:

No one is making 90 grand a year trimming in Colorado unless it's their own crop!

There are already lots of suckers coming to Colorado thinking they'll make crazy bank- only to find that dispensaries can cherry pick their workers from tall stacks of applicants and pay them less than ten bux an hour.

EVEN THEN, some people suck so badly at running a business that they somehow can't keep the doors open selling weed! It's TRUE!

As it becomes more legal everywhere, pot tourism will decline- as will stoned driving. Not altogether a bad thing, and Colorado still has its other charms.

As markets open with state laws relaxing, prices will fall, no matter what politicians and their financial backers want. Yet every state that goes legal will still add to the total market. On the other hand, the out of state arbitrage thing will go away, leaving those in early adoption states wondering what they'll do with their excess inventory.

Yeah it went from being the end of civilization and the gateway drug to raping your children to safe, sane and doctor recommended awfully fast, didn't it?

Last Sunday's paper in my Colorado hometown ran the full front page on a picture of a guy filling a blunt wrap above the fold and the article saying, 'nothing really changed when it went legal, probably because it was already so prevalent.' Lol That's news?!

There's going to be a profit honeymoon for a couple of years, then the profit takers will be overtaken by the second wave, those who produce it for less. THEN it will be cheap enough for medical patients. I plan to service that second market, and my thus my business services (equipment and consulting to reduce growing costs) will always be in demand.
 

doingdishes

Well-Known Member
the border crossings are Federal. the funny part i think is that I went to the US a little while ago and we found out that they can ask you if you ever smoked and if you say yes, they can deny you entry...and the state we were going into was Washington.
luckily they didn't ask us but please be aware that they may ask a question like that if you cross the border
 

ttystikk

Well-Known Member
Back to original topic; we agree that the price of pot is coming down. What prices will increase?
 

gb123

Well-Known Member
the border crossings are Federal. the funny part i think is that I went to the US a little while ago and we found out that they can ask you if you ever smoked and if you say yes, they can deny you entry...and the state we were going into was Washington.
luckily they didn't ask us but please be aware that they may ask a question like that if you cross the border
once they get a hold of peoples medical records(info shared among agencies though C-51)...there's no getting around that question. Even if you ingest.
 

ttystikk

Well-Known Member
once they get a hold of peoples medical records(info shared among agencies though C-51)...there's no getting around that question. Even if you ingest.
HIPPA = Health Information Protection and Privacy Act. Beat them with their own legislation.
 

ttystikk

Well-Known Member
kinda like oil...to much shwag around :lol:
that all may change
Will the salary of highly sought after growers go up? Will installation costs go up? I think the only costs that will increase will be regulatory in nature.
 

torontoke

Well-Known Member
Back to original topic; we agree that the price of pot is coming down. What prices will increase?
What price is coming down?
The current bm prices or the current dispensary prices?
In most supply and demand situations the prices come down but even with rec use legal in colorado the prices have gone up. Ive heard of $20 plus for a gram of mids and thats crazy.
Good quality mj is always going to be worth more than commercially grown shwag.
 

CannaReview

Well-Known Member
Back to original topic; we agree that the price of pot is coming down. What prices will increase?

Prices of weed are not coming down. BC is 1400-1800 per LB. Prices of weed where WAY cheaper when everyone had a license. Vietnamese were selling LB's for $700 per lb and I was getting LB of the best weed I've ever seen for $900.
 
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