{"id":1284,"date":"2023-02-27T15:03:09","date_gmt":"2023-02-27T15:03:09","guid":{"rendered":"https:\/\/wheretobuymarijuanaseeds.com\/cannabis-legalization-in-the-us-impacts-on-industry-growth-access-and-equity\/"},"modified":"2023-02-27T15:03:09","modified_gmt":"2023-02-27T15:03:09","slug":"cannabis-legalization-in-the-us-impacts-on-industry-growth-access-and-equity","status":"publish","type":"post","link":"https:\/\/wheretobuymarijuanaseeds.com\/cannabis-legalization-in-the-us-impacts-on-industry-growth-access-and-equity\/","title":{"rendered":"Cannabis Legalization in the US: Impacts on Industry Growth, Access, and Equity"},"content":{"rendered":"

As more states legalize recreational and medical cannabis in the United States, the proportion of adults using marijuana has increased.[0]<\/a><\/sup> In 2019, an estimated 18 percent of U.S. adults reported using marijuana.[1]<\/a><\/sup> Now, two more states have legalized recreational cannabis, creating new opportunities for individuals with previous drug convictions to gain access to the cannabis industry.[2]<\/a><\/sup><\/p>\n

Mendon Venture Partners is a venture capital investment firm that focuses on the intersection of innovative technology and traditional banks.[3]<\/a><\/sup> They recently led an investment in Green Check, a company that serves incumbent regional and community banks. Co-founder and partner Daniel Goldfarb praised the company\u2019s potential and growth opportunities.<\/p>\n

Illinois House Democrats recently announced the formation of a cannabis working group that will help the cannabis industry expand in a way that is both business-friendly and satisfies the equity goals of the 2019 legalization law.[4]<\/a><\/sup> The same law also made individuals previously charged with minor cannabis offenses eligible to have their records expunged.[2]<\/a><\/sup> As of the end of 2020, 492,129 cannabis-related convictions had been expunged and 9,219 low-level cannabis convictions had been pardoned.[2]<\/a><\/sup><\/p>\n

The state of Illinois recorded $1.5 billion in recreational cannabis sales in Fiscal Year 2022, generating $445 million in tax revenue.[2]<\/a><\/sup> Of this, 25 percent was allocated to economically distressed communities or those impacted by the war on drugs. Evans and Ford have introduced bills in the House to create a cannabis oversight commission.[2]<\/a><\/sup><\/p>\n

The bill includes punishments for growers who leave cannabis in an area where they should reasonably expect a person under 21 years old may gain access to it.[5]<\/a><\/sup> Individuals aged 21 and above are now able to purchase a maximum of three ounces of marijuana per transaction.[6]<\/a><\/sup> If plants are cultivated in view of the public, those responsible may be fined up to $250 and be required to give up the plants.[6]<\/a><\/sup> On the third reoccurrence of an offense, the crime can be elevated to a misdemeanor.[6]<\/a><\/sup><\/p>\n

0. <\/span>“Cannabis News – High Desert Relief” highdesertrelief.org, 27 Feb. 2023, https:\/\/highdesertrelief.org\/news\/<\/a><\/p>\n

1. <\/span>“More frequent cannabis use associated with higher risk of coronary …” www.news-medical.net, 27 Feb. 2023, https:\/\/www.news-medical.net\/news\/20230224\/More-frequent-cannabis-use-associated-with-higher-risk-of-coronary-artery-disease.aspx<\/a><\/p>\n

2. <\/span>“Illinois House Dems' cannabis working group will engage industry …” www.kpvi.com, 27 Feb. 2023, https:\/\/www.kpvi.com\/news\/national_news\/illinois-house-dems-cannabis-working-group-will-engage-industry-equity-advocates\/article_9243b158-e254-5d05-bf68-41868f6109cd.html<\/a><\/p>\n

3. <\/span>“Green Check Verified nabs $6m to further bridge cannabis and finance” fintech.global, 27 Feb. 2023, https:\/\/fintech.global\/2023\/02\/24\/green-check-verified-nabs-6m-to-further-bridge-cannabis-and-finance\/<\/a><\/p>\n

4. <\/span>“House Dems' cannabis working group to engage industry | Local …” www.effinghamdailynews.com, 27 Feb. 2023, https:\/\/www.effinghamdailynews.com\/news\/local_news\/house-dems-cannabis-working-group-to-engage-industry\/article_7cf6f0f2-b4a0-11ed-9fdd-179f93151e15.html<\/a><\/p>\n

5. <\/span>“Homegrown cannabis bill introduced in Washington House | News …” www.khq.com, 27 Feb. 2023, https:\/\/www.khq.com\/news\/homegrown-cannabis-bill-introduced-in-washington-house\/article_dc29b520-a008-11ed-ac7c-bfdeeefcd325.html<\/a><\/p>\n

6. <\/span>“Recreational cannabis sales to start Feb. 6 | News …” www.thesalemnewsonline.com, 27 Feb. 2023, https:\/\/www.thesalemnewsonline.com\/news\/article_f7c2618e-a17e-11ed-971b-3713c6fb8fa4.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As more states legalize recreational and medical cannabis in the United States, the proportion of adults using marijuana has increased.[0] In 2019, an estimated 18 percent of U.S. adults reported using marijuana.[1] Now, two more states have legalized recreational cannabis, creating new opportunities for individuals with previous drug convictions to gain access to the cannabis […]<\/p>\n","protected":false},"author":2,"featured_media":1283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/wheretobuymarijuanaseeds.com\/wp-json\/wp\/v2\/posts\/1284"}],"collection":[{"href":"https:\/\/wheretobuymarijuanaseeds.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wheretobuymarijuanaseeds.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wheretobuymarijuanaseeds.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wheretobuymarijuanaseeds.com\/wp-json\/wp\/v2\/comments?post=1284"}],"version-history":[{"count":0,"href":"https:\/\/wheretobuymarijuanaseeds.com\/wp-json\/wp\/v2\/posts\/1284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wheretobuymarijuanaseeds.com\/wp-json\/wp\/v2\/media\/1283"}],"wp:attachment":[{"href":"https:\/\/wheretobuymarijuanaseeds.com\/wp-json\/wp\/v2\/media?parent=1284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wheretobuymarijuanaseeds.com\/wp-json\/wp\/v2\/categories?post=1284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wheretobuymarijuanaseeds.com\/wp-json\/wp\/v2\/tags?post=1284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}