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I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Part Of. Alternative Investments Marijuana Investing. Table of Contents Expand. Changing Attitudes Toward Pot. Policy Reform. Big Marijuana. Key Takeaways More than half of Americans believe marijuana use should be legalized. The drug is already legal in 35 states, with 16 allowing adults to legally use it for recreational purposes.
Shifts in political policy are also changing as we find out more about the uses of marijuana for medicinal purposes. Although it is still a controlled substance under federal government guidelines, the FDA continues to evaluate changes to marketing and export rules. Marijuana is still considered a controlled substance under federal government guidelines.
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This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Related Articles. Startups Funding Platforms for Marijuana Startups. Marijuana Investing Custodians vs. Long gone are the days of dirty bongs, replaced by high-brow smoking accessories and a trove of luxe edibles.
Oh, and hundred-thousand-dollar bongs that are coveted like art, because they are art. Weed has a golden cloud around it, where regressive, cobwebbed fears have been replaced by excitement, at least on the grand scale. Obviously, legalization has a lot to do with that. In the U. Colorado kicked off the movement in In the election, which was bad for most reasons but good for this one, four states got on board, raising the total to eight states to legalize. On Election Day , another four states added their numbers to the growing pack.
This March, New York made its long-awaited leap into the legal industry, pushing a progressive bill through the state legislature. On its heels were Virginia, New Mexico, and Connecticut, all three of which put legalization into effect just in time for America's th birthday party.
More than a third of us Americans live where it's legal. Technically, South Dakota ought to have adult use this year, too, seeing as residents made it one of the four states to vote for legalization last November. But Governor Kristi Noem, who said legal weed is "the wrong choice" for her state, has challenged the initiative and offered decriminalization plus medical marijuana in its stead. South Dakota sanctioned medical use on July 1, but the recreational side of that little courtroom drama is still playing out.
At this point, it's hardly a surprise that yet another state has decided to make itself a haven for marijuana users as well as businesses tapping into the lucrative marijuana market. But as states legalize and business booms, as celebrities dive into the marijuana market and influencers suck on vape pens for the 'gram, the weed industry must contend with vast inequality in America.
Historically, law enforcement grossly targeted minority people, even though white people statistically use marijuana at the same rate. While cannabis brands blossom on social media, people still sit in prison for nonviolent drug offenses. Expungement of criminal records and cannabis business practices that benefit the communities most ripped apart by the War on Drugs are necessary, and must go hand in hand with legalization in the states.
Cannabis consumption in the Yukon territory is only permitted in private residences and adjoining properties. You can find a comprehensive guide on how to buy and smoke weed in Canada, as well as details on possession limits, here. Recreational pot use is gaining acceptance around the globe, though there are still relatively few places where it is fully legal:.
Kindland also has a list of all the places around the world where marijuana is legal or has been decriminalized. By providing your email, you agree to the Quartz Privacy Policy. Skip to navigation Skip to content. Discover Membership. Editions Quartz.
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