Prop 19: Bad News for British Colombia, Good News for American Big Business Marijuana

Prop 19: Bad News for British Colombia, Good News for American Big Business Marijuana

British Columbia's billion-dollar illegal marijuana economy is already seeing the effects of potential marijuana legalization in California. The cash industry makes up a large part of the region's economy and is likely to see serious consequences in their retail and service sectors should that change, Research performed by one American non-profit group suggested that the cost of pot could plummet by as much as 80 percent in the face of the Nov. 2 vote that could legalize the drug.

What is bad news for British Columbia; however, is good news for the state of California, which would likely assume Canada's position on top of the industry and begin reviving the state's sunken economy. Marijuana is already California's biggest cash crop, bringing in $14 billion a year, but the additional production and resulting revenue for the state would hold benefits both for California and the small and large business owners who call it home.

Many California marijuana distributors that were shut down in raids earlier this year have been eagerly awaiting the Nov. 2 vote in the hopes of rebuilding their businesses and rehiring the thousands of employees that were left jobless when they closed. Others, like U.S. Cannabis (OTCPK:LLUX) have been thinking bigger.

Unlike in British Columbia where operations had to stay relatively small to avoid visibility and higher risk, US Cannabis is looking toward a new frontier in the marijuana business, and it's broader and more expansive than anything we've seen before.

US Cannabis establishes eight objectives which include medical, management, internet and media, financial services, product development, industrial agriculture, dispensary management, political relations and philanthropy. Essentially they are looking to manage and leverage the marijuana product, given its pending legality becomes a reality, from all possible angles.

A marijuana company that operates like a recognized legal operation; that seeks to increase efficiency and visibility and has the capacity to closely manage product quality is the first its kind. Only unlike many new companies, the demand for this product is well recognized, evidenced foremost by the 40,000 patients the company's medical care database.

@import url(/common_scripts/css/styles.css);@import url(/templates/wmmcapital/css/styles.css);

For more information visit

http://www.worldmarketmedia.com/779/section.aspx/2602/post/prop-19-bad-news-for-british-colombia-good-news-for-american-big-business-marijuana

POST COMMENT

Increasing the Significance of Business Analysts in an Organisation Procurement Manager helps to Reduce Cost of Business Activities The Best Storage Solution For Your Wholesale Business Ways to Market Your Business Online DIFFERENT TYPES OF BUSINESS PLANS: IMPORTANCE OF A PROFESSIONAL BUSINESS PLAN: SEO Services; Key for Your Online Business Success Why are Corporate Charter services increasingly preferred by business people? CRAFTING A SOLID BUSINESS PLAN: Danny DeMichele Video : He is Looking to Improve Your Online Business TRACKING BUSINESS PLAN DISTRIBUTION AND SUCCESS: UPDATING THE BUSINESS PLAN: A KEY TO THE SUCCESSFUL GROWTH OF A BUSINESS: Small Business Web Hosts: Why A Reliable Host Is So Important