ACB $2.450 (-2.78%)

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EEVVF $0.108 (-6.82%)

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GGTTF $0.162 (-10.11%)

GLDFF $0.016 (-7.19%)

GLH:CNX $0.020 (33.33%)

GLNNF $0.035 (16%)

GNBT $0.615 (2.5%)

GRIN:CNX $0.120 (14.29%)

GRWG $4.582 (4.61%)

GSTR:CNX $0.095 (5.56%)

GTBIF $8.270 (-0.63%)

GTII:CNX $10.900 (-0.73%)

GWPH $102.880 (0.41%)

HEXO $2.190 (0%)

HHPHF $0.032 (0%)

HLSPY $0.653 (3.83%)

HMLSF $6.857 (-0.75%)

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HRVOF $0.135 (3.61%)

HSTRF $0.244 (0%)

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INQD $0.002 (25%)

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IONKF $0.028 (-0.71%)

ISOL:CNX $0.185 (2.78%)

ISOLF $0.130 (1.45%)

ITHUF $1.180 (1.72%)

IVITF $0.089 (-3.04%)

JWCAF $0.172 (3.92%)

KALTF $0.039 (11.43%)

KBEV:CNX $0.140 (-6.67%)

KBEVF $0.104 (-13.33%)

KHRNF $0.702 (1.74%)

KSHB $1.600 (-0.62%)

LHS:CNX $0.680 (-2.86%)

LHSIF $0.523 (-0.78%)

LOVE:CNX $0.130 (-3.7%)

LXLLF $0.377 (0%)

LXRP $0.370 (-4.76%)

LXX:CNX $0.490 (-7.55%)

MCIG $0.024 (-16.07%)

MDCL $2.700 (-1.46%)

MEDIF $2.550 (-2.3%)

MGWFF $0.040 (5.26%)

MICWF $0.089 (-1.34%)

MJ:CNX $0.145 (-6.45%)

MJNA $0.025 (0.4%)

MNTR $0.075 (0%)

MRRCF $0.008 (-26.32%)

MWM:CNX $0.125 (4.17%)

MYM:CNX $0.120 (0%)

MYMMF $0.092 (0.28%)

NCNNF $0.258 (3.12%)

NDVAF $0.153 (1.62%)

NGW:CNX $0.115 (4.55%)

NRXCF $0.020 (0%)

NSPDF $0.049 (-6.63%)

NTEC $0.527 (-11.3%)

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NXGWF $0.080 (-12.83%)

NXTTF $0.240 (-4%)

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ORHOF $3.254 (5.3%)

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PNPL $0.160 (0%)

POTN $0.027 (10.2%)

PRCNF $0.072 (1.98%)

PTNYF $0.085 (1.98%)

QCA:CNX $0.110 (0%)

RDDTF $0.328 (-2.9%)

RLLVF $0.023 (10.14%)

RMHB $0.024 (13.27%)

RQB:CNX $0.125 (4.17%)

RQHTF $0.390 (-1.86%)

RVVQF $0.086 (-0.23%)

SLNG:CNX $0.390 (0%)

SMG $103.160 (2.2%)

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SNNVF $0.230 (0.58%)

SOL:CNX $0.440 (0%)

SOLCF $0.330 (-2.28%)

SPLIF $0.031 (-3.13%)

SPRWF $0.480 (-2.65%)

SRNA $0.085 (-7.1%)

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STMH $0.840 (0.3%)

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TGEN $2.230 (-2.62%)

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U.S. Cannabis is Too Big to Fail

May 9, 2017 • 11:30 AM EDT
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1 MIN READ  •  By Michael Berger
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Legal Cannabis is up to the States as Nevada’s Market to Open Before July 1st.

The United States cannabis industry continues to progress despite a lack of clarification from the new White House administration and we are all for this move by the states.

Yesterday, Nevada state’s tax board voted to allow licensed medical dispensaries to start selling recreational cannabis as early as July 1st. This will only be available to the dispensaries that are in good standing with the state.

Nevada’s Department of Taxation will begin accepting applications from previous applicants on May 15th and will be responsible for regulating the market. This will be a pilot program for Nevada’s recreational cannabis market as the department plans to test its current laws and adjust accordingly before the January 1, 2018, deadline.

Nevada will be the fourth state to implement a system to sell recreational cannabis and we will be watching close for updates on how this progresses.

U.S Cannabis is Too Big to Fail

Momentum and support for cannabis, especially medical cannabis has never been higher. Earlier this year, a Quinnipiac poll reported that 71% of Americans would oppose a federal crackdown on legal cannabis and that 93% are in favor of medical cannabis.

The United States cannabis industry is at a crossroads and it has moved too far forward to try to pull it back now. We do not expect the war on cannabis to continue much longer as it does not make economic sense.

Numbers do not lie. The legal United States cannabis industry is a multi-billion-dollar industry that employs hundreds of thousands of people. If the government tried to shut down the legal cannabis industry, it would not only cost trillions of dollars but it would destroy cities and economies across the country. 

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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Technical420.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.

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