States Who Legalized Pot and Its Impact
The United States has seen a radical change in attitudes towards marijuana in recent years. Many states have either legalized cannabis or made it available for medical purposes. Cannabis and its components like CBD have also found their way into many products like oils, lotions and even tablets, opening up a vast market.
States That Have Legalized Marijuana
As of 2021, a total of 17 states and Washington, D.C., have legalized the possession and private use of marijuana for recreational purposes. These states include Alaska, Arizona, California, Colorado, Illinois, Maine, Massachusetts, Michigan, Montana, New Jersey, Nevada, Oregon, South Dakota, Vermont, and Washington.
Besides these states, 36 states have legalized medical marijuana. This allows marijuana to be used for the treatment of certain health conditions. Medical marijuana laws generally have strict regulations around the procurement, storage, and consumption of the plant.
Impact of Legalization on Economy
The legalization of marijuana in these states has had a massive impact on the economy. With the marijuana industry being closely regulated, states like Colorado and California are now bringing in billions of dollars in tax revenues from marijuana sales each year. Aside from this, job creation in this new industry is significant, contributing to lowering unemployment rates in the concerned states.
The CBD Market
Marijuana is often associated with its most famous compound THC, but in recent years a different compound, CBD, has been making headlines for its therapeutic benefits. CBD can be used to alleviate symptoms of conditions like anxiety and chronic pain, and unlike THC, it does not have any psychoactive effects — meaning it doesn’t make users feel “high.”
CBD is now used in a wide variety of products. The demand for CBD related products like CBD-infused coffee, CBD lotions, CBD oils, and more has been growing at a staggering rate. CBD products are sold not only in shops and dispensaries but also online to cater to a wider audience.
One such product which is gaining attention worldwide is the CBD tablet Melbourne. These tablets are believed to offer the benefits of CBD in a convenient manner, making consumption easy and hassle-free. The introduction of such innovative products reflects the immense potential and versatile nature of the CBD market.
Conclusion
The journey of marijuana legalization in the United States is still ongoing. Public opinion has shifted dramatically towards supporting this trend, largely due to the recognised potential for boosting the economy and creating jobs. This shift has also paved the way for the growth of the CBD market which continues to innovate and diversify.