Now this will certainly make a case for $VGID and our Cannabis Subsidiary. Go Midi Mike!!!
Secret Force for Marijuana Legalization
by Sean Brodrick | July 5, 2017
The anti-weed forces lost. And I’ll tell you why.
Nevada was suffering through an economic recession that hit tourism and construction hard. Now, the state expects a big boost in cannabis-related tourism.
Until California begins its recreational marijuana dispensing in January 2018, experts say Nevada will likely be the biggest market in America.
So, tourists will flock to Nevada to smoke weed. They’ll spend money on hotel rooms, restaurants and other entertainment. Along with tourism, the state will reap a total 31.85% tax on marijuana.
‘Market This Thing Around the World’
“We’re going to really market this thing around the world,” reportedly said State Sen. Richard “Tick” Segerblom, the chairman of Nevada’s Senate Judiciary Committee.
“We’ve already been approached by marijuana hotels, tours, and ranches,” Segerblom added.
He figures weed could bring in as much as $150 million in two years for the Nevada government
The reality is that consumers don’t want higher taxes on sales or income. But they still want government services.
And that’s why I think the tax revenue from legal recreational weed will prove irresistible – and usher in legalization at the state level sooner rather than later.
Sure, there are still federal obstacles. But smart investors will position themselves ahead of the wave. Cannabis capitalism is coming. Revenue-hungry states will demand it.
