![](https://investorshub.advfn.com/uicon/372991.png?cb=1580640840)
Friday, July 07, 2017 3:25:00 PM
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.
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM