Recreational cannabis cultivation, sales and use are the premise of Amendment 64. California voters will have the power and authority to follow the lead set by 1,383,139 Colorado voters on NoMvember 6, 2012, who voted yes to legalize cannabis. A 52% favorable vote which has already had great impact on the industry forcing systems, rules and regulations into place.
It's reported that California's legalization of recreational marijuana would bank $1 billion in additional taxes per year. Colorado collected more than $135 million in legal cannabis taxes and fees in 2015. If you compare the market size and tremendous growth in consumer purchases, $1 billion just may be a bit little low.
On November 8, 2016, nearly 40 million California voters can flex their patriotic right to approve Amendment 64 which would legalize recreational sales to those age 21 and over. Online consensus shows a strong positive movement toward legalization.
Other states prepare to address many of the same issues and cultural norms within their communities when it comes to legalization. Fortunately, in this country, voters have the power to make a difference and change old paradigms that no longer fit, ethically, morally or scientifically when there is greater benefit to all.
If the population is educated with unbiased, un-agendaed, facts, with the number one understanding that in practise cannabis assists in relieving pain in the human body. It is a plant that has a great impact on health, and obviously finances.
Every state where medical marijuana is legal, you can expect recreational pot to follow. There's an old saying, "Follow the money" and in this paradigm, it's growing out of the ground.
Overall, legal marijuana in California, Colorado and every state that is forward thinking will have its impact. Communities from coast to coast will begin to notice a much more positive vibe in their hoods as the populus begins to RELAX, and exhale from life's roller coaster ride.
There will be less alcohol incidents, less fighting, less arguing and much more creativity flowing between neighbors. Entrepreneurially speaking, the cannabis industry has already opened the door for those with the desire to become financially independant. The cannabis industry has opened new avenues for job creation and for educational institutions who must teach the new industry employees.
The scope of cannabis legalization is well beyond current comprehension. It's like looking up at the sky and considering everyone is here on a single planet flying through space at an unheard of speed, hanging on the tip of a galaxy, surrounded by an infinite number of galaxies all in sync doing their own thing as we individually try to get a clue as to what's for dinner tonight.