Medical Marijuana Stiff Competition For Viagra

[Jay Ryan]

Funny title, but the story is true.

Money quote:

"Medical marijuana sales will total $1.7 billion in 2011, just $200 million less than sales for Viagra, Ted Rose, the study's author, said in a conference call with reporters. The industry has ballooned since the Obama administration declared that it would not raid pot shops as long as they were acting within state law."

www.huffingtonpost.com/2011/03/23/medical-marijuana-stiff-competition-for-viagra_n_839678.html

It will be interesting to see where this goes, but as more states legalize medical marijuana, according to the article:

"The market will reach $8.9 billion within five years, the report found, barring a policy reversal from the federal government."

Most of it in Cali.

Funny thing is that I have seen the number of dispensaries expand rapidly, and several counties, mine included still trying to shut them down.

The taxes on $8.9 billion is the genie out of the bottle. You can't put her back in...

Peace,

J

[JihannerOLSEN]

In the U.S., medical weed is kind of legal. 15 states have legalized the narcotic, but it is still federally illegal. The business of supplying medical cannabis shops, and all associated products, can be very profitable. Now, two major cannabis industry companies have declared plans for initial public stock offerings.