According to federal law in the United States, Marijuana is a schedule one drug, along with ecstasy, heroin and LSD. Over the years it has amassed much controversy, with people canvassing for its benefits and the strong criticism against the use and culture.
However, Nevada was among the pioneers to sell Marijuana for recreational use. Comparatively, the Marijuana dispensaries paid more in taxes for the first month than the revenue made from Nevada’s sports books!
Despite Nevada pioneering the way for recreational use, casinos were told to steer clear of the smoke. In other words, casinos are not allowed to host any cannabis conventions or conventions related to the drug further they are not permitted to have any relationships with cannabis companies. But Brain Sandoval, Nevada Governor believes that marijuana is a pot of gold for casinos.
So last week Wednesday, the Nevada Gaming Policy Committee (NGC) met to discuss the possibility of recreational and medical marijuana to coexisting in casinos. The report will be published in June 2018.
Marijuana in Canada
According to a 2017 report from Forbes, the Marijuana industry grew by 30% to $6.7 billion, and the 2021 projected growth is $30 billion! With numbers like this, its no wonder that Canada joined in on the pot of gold.
One of the biggest marijuana companies in the world can be found in rural Ontario – Tweed. Tweed had a market cap of over $2 billion and was the first weed company to trade on the Toronto Stock exchange. Now, Canada has close to 70 licensed producers of cannabis.
Billion Dollar Buds
The weed industry in Canada runs into the billion-dollar number. As it gears up to be the only country to export cannabis legally; the rest of the world looks on. Including Canadian citizens looking for employment.
The Canadian government called for public opinion on whether citizens with criminal records should be allowed to work in the billion-dollar market. At the time of writing, the public opinion results were not released.