Read more at https://www.channelnewsasia.com/news/business/legal-cannabis-to-generate-us-40-billion-400-000-jobs-study-9828260
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Last time, opium is imported into China by the West to poison its people - and caused the Chinese people to be weak and can be manipulated.
This round, US is legalising cannabis and make its people weak.
Universal Law of Karma certainly is "What goes around, comes around".
This round, US is legalising cannabis and make its people weak.
Universal Law of Karma certainly is "What goes around, comes around".
Donald Trump is the clown that make this happen.
Never mind if it poison and kill his own people - as long as it bring him money.
Never mind if it kill the environment and the air - as long as it bring him money.
Never mind if it accumulate great debt for his Nation - as long as it bring him money.
Never mind if it mess up the world affairs and offend all his allies, friends, partners, further antagonizing its adversaries - as long as it bring him money.
Never mind if it poison and kill his own people - as long as it bring him money.
Never mind if it kill the environment and the air - as long as it bring him money.
Never mind if it accumulate great debt for his Nation - as long as it bring him money.
Never mind if it mess up the world affairs and offend all his allies, friends, partners, further antagonizing its adversaries - as long as it bring him money.
Australia green-lights medicinal cannabis exports
Australia agreed to allow exports of medicinal cannabis Thursday in a boost to budding domestic manufacturers, as it eyes becoming a leading world supplier.
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04 Jan 2018 09:30AM
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SYDNEY: Australia agreed to allow exports of medicinal cannabis Thursday (Jan 4) in a boost to budding domestic manufacturers, as it eyes becoming a leading world supplier.
The country's first medical marijuana farm received its growers' licence in March last year and others have followed, with the government seeing a big future for the industry.
"This is actually a very important step for our domestic patients and our domestic supply," Health Minister Greg Hunt told broadcaster ABC.
"By knowing they have an Australian market and an international market, that improves the likelihood of growing and production in Australia."
He added that Australia was keen to become "the world's number one medicinal cannabis supplier", but that a condition of any export licence was that local patients were taken care of first.
"We want a robust Australian medicinal cannabis industry so that doctors have safe, quality domestic products that they can confidently prescribe to their patients," said Hunt.
While recreational use of cannabis remains illegal in Australia, federal laws were changed in 2016 to allow its use for medical purposes, in a broadly supported move.
Research, including findings published in 2015 in the Journal of the American Medical Association, showed marijuana has some effectiveness in helping treat chronic pain.
But there are concerns about side effects and the issue of whether or not it works remains a matter of debate globally.
Several other countries have legalised medicinal marijuana, including Canada, Israel, and more than half the US states.
US-based Grand View Research estimated last year that the global market would reach US$55.8 billion by 2025.
Source: AFP/mz
Read more at https://www.channelnewsasia.com/news/business/australia-green-lights-medicinal-cannabis-exports-9831176
Read more at https://www.channelnewsasia.com/news/business/australia-green-lights-medicinal-cannabis-exports-9831176
Legal cannabis to generate US$40 billion, 400,000 jobs: Study
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LOS ANGELES: The legal cannabis sector is expected to generate US$40 billion and more than 400,000 jobs by 2021 in the United States, according to a study released Tuesday (Jan 2).
The estimate by consulting firm Arcview includes direct purchases by consumers of US$20.8 billion and indirect revenue for growers and various subcontractors as well as money spent with businesses not affiliated with the sector, such as supermarkets.
The projection would represent a rise of 150 per cent on the US$16 billion revenue recorded in 2017, according to the study, released the day after recreational use of marijuana became legal in California.
Arcview and its partner in the research, BDS Analytics, expect US$4 billion in taxes to be generated within three years.
The new regime will lead to the creation of nearly 100,000 cannabis industry jobs in California by 2021, about a third of the nationwide figure and 146,000 jobs overall when indirect effects are considered.
Customers and operators in California have complained however about the punitive sales taxes to be applied to cannabis and its derivative products, which can hit 35 per cent when state, county and municipal levies are taken into account.
California, the most populous US state, became the largest legal market for marijuana in the world on Monday, and public reaction to the law change has been enthusiastic, with long lines and stock shortages reported at clinics already licensed and open.
Berkeley mayor Jesse Arreguin hailed the reforms at a ceremony on Monday at Berkeley Patients Group, one of the oldest dispensaries in the United States.
"I'm stoked about this historic moment, not just for Berkeley, but for the state of California," Arreguin said, praising the state for "embracing this new economy."
Cannabis possession remains illegal under federal law, and Arcview's Tom Adams said fewer than 100 out of the 3,000 outlets and delivery services operating in California were ready to go with the required local and state permits.
"Those that were generally report doing multiples of their typical day's business with a far more diverse and less experienced customer base that need a lot of hand-holding and educating from their bud-tenders," he added.
"We were very cautious in projecting revenue growth from US$3 billion to US$3.7 billion in this first year of adult-use legality in California, but we'll have to revise that upwards if, as now appears likely, San Francisco and Los Angeles are going to get permits issued more quickly than we expected."
Source: AFP/aa
Read more at https://www.channelnewsasia.com/news/business/legal-cannabis-to-generate-us-40-billion-400-000-jobs-study-9828260
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