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Legal 420 in the USA

Discussion in 'General Discussions and Lounge' started by Graybeard, Jun 17, 2018.

  1. Graybeard

    Graybeard Well-Known Member affiliate

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    Banks take on Sessions over legalized pot

    Interesting article.
    USA Banks want in on the action ;)

    If marijuana is legalized for purchase by adults like liquor, wine and beer is; we are talking a new major source of tax revenue and less in law enforcement expenditures.
     
    Last edited: Jun 17, 2018
    tyoussef, asmadeus08 and violet like this.
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  3. Certified
    tyoussef

    tyoussef Moderator moderator Certified Vendor Service Manager affiliate

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    I still don't understand why they do that to adults, that things should not be legal.
    a friend of mine told me that's legal in canada too, and people are making load shit of money promoting that.
     
    azgold likes this.
  4. azgold

    azgold Super Moderator Super Mod moderator affiliate

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    Medical marijuana has been legal for a while, not sure recreational use law has come into effect yet. If not, it's coming. Justin Trudeau has okay'd it, that's about all I know.
     
    tyoussef likes this.
  5. Graybeard

    Graybeard Well-Known Member affiliate

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    I registered legal420.trade :)
    They are going to have marijuana general sale legalization on the ballot in my state

    QUOTE>>>
    2. In furtherance of the intent of this act, the department may promulgate rules to:

    (a) provide for the issuance of additional types or classes of state licenses to operate marihuana-related businesses, including licenses that authorize only limited cultivation, processing, transportation, delivery, storage, sale, or purchase of marihuana, licenses that authorize the consumption of marihuana within designated areas, licenses that authorize the consumption of marihuana at special events in limited areas and for a limited time, licenses that authorize cultivation for purposes of propagation, and licenses intended to facilitate scientific research or education; or <<<

    The fools spelled it wrong :D

    This will be big business here -- what will they do with the taxes collected?
     
    tyoussef likes this.
  6. azgold

    azgold Super Moderator Super Mod moderator affiliate

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    I noticed. Fun with phonics there. :D

    Oh yeah! I assume that has not been addressed, or the info hasn't been shared with the general public yet.
     
    tyoussef likes this.
  7. azgold

    azgold Super Moderator Super Mod moderator affiliate

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    Just happened...

    Senators pass cannabis legalization bill

     
  8. Graybeard

    Graybeard Well-Known Member affiliate

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    I just read that
    legal420.trade <<<may be worth some serious money soon :)
     
  9. Graybeard

    Graybeard Well-Known Member affiliate

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    Canadians will soon be able to order marijuana through the mail as part of the nation’s new legalization of recreational pot.

    ^^^Canada to allow mail-order marijuana sales

    I wonder what the USA is going to do?
     
  10. azgold

    azgold Super Moderator Super Mod moderator affiliate

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    Interesting. Never dawned on me that it would be a mail-order business.
     
  11. Graybeard

    Graybeard Well-Known Member affiliate

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    *could be* would be a better term. I think the vast majority of sales will be main street retail -- same as beer and spirits. The problem is age verification for mail or ecommerce? Photoshop is every teen's friend ;)

    I wonder what VISA/MC (others) policies will be? Pot will have legal drug status same as alcohol. However, VISA/MC is a US based and Marijuana is, for now, not legal -- making ecommerce transactions a potential issue.
     
    Last edited: Jun 24, 2018
  12. azgold

    azgold Super Moderator Super Mod moderator affiliate

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    Hmm, cash sales only, perhaps.

    How do Colorado merchants handle it?
     
  13. Graybeard

    Graybeard Well-Known Member affiliate

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    I meant ecommerce sales not direct mail (postal) or bricks and mortar location sales. IDK if they take debit/credit cards in Colorado -- good question.

    added**
    I think we may be talking about a $20 to as much as $70 billion dollar industry in a matter of 5 years

    look at beer, wine and spirits (alcohol)
    [​IMG]
     
    Last edited: Jun 25, 2018
  14. Graybeard

    Graybeard Well-Known Member affiliate

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  15. azgold

    azgold Super Moderator Super Mod moderator affiliate

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    Funny, I thought Molson's was Canadian. As in Molson Canadian lager and beer. Goes to show you what I know.

    You're not kidding. I can easily imagine them sweeping up big market share and profits.
     
    tyoussef likes this.
  16. Lina555

    Lina555 Affiliate affiliate

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    Marijuana is legal for medicinal purposes in Canada and in some states. I know, many people are suspicious about it, and I used to be one of them. But I read the latest research and found out that using Medical Cannabis has many benefits. But of course, the process of producing and selling it should be strictly controlled.
     
    Last edited: Oct 28, 2018
  17. Graybeard

    Graybeard Well-Known Member affiliate

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    You can buy it over the counter now in Canada like beer or wine
    Bad news is: They are sold out -- too much demand

    >>>According to recent estimates from Marijuana Business Daily, an industry publication, annual sales for Canada's recreational marijuana market could range between $2.3 billion and $4.5 billion by 2021. ...>>>
    Canada could make billions from legal pot
    Canada is about 1/9th the population of the USA -- that might be $35 Billion USD in the US
     
  18. azgold

    azgold Super Moderator Super Mod moderator affiliate

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    Really? I hadn't given thought as to where consumers actually go to get it. I'm sure Toronto will have the lion's share of shops.

    Wonder if it'll start showing up on Amazon. :D

    Yes, the government will make a killing in tax from this law. They have an obscene profit margin for sinful pleasures - booze, cigarettes and now pot. They shouldn't need my tax money anymore. :D
     
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    Matt Smith

    Matt Smith Member Certified Vendor Affiliate Manager Traffic Manager affiliate

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    Hey! I'm in Canada, we have dedicated stores, wait times can be long as you go into a waiting room and show your IDs then one at a time you get taken through this big metal security door in to the actual display room and get what you want
     
  20. azgold

    azgold Super Moderator Super Mod moderator affiliate

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    Wow. Kinda like the jewellery stores on Yonge St. in T.O. I guess it could be a dangerous job to work there.

    Maybe wait times will improve once more stores open up.
     
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    Matt Smith

    Matt Smith Member Certified Vendor Affiliate Manager Traffic Manager affiliate

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    Ya for sure was kind of funny day one lines around the corners lol
     
    azgold likes this.
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