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Medical Marijuana News
Investors are beginning to notice what’s become a competitive and profitable marijuana industry in Colorado, but industry experts warn that the time to go all in isn’t now.
In some states, where businesses are also now legally cultivating and producing marijuana, a mainstream industry is emerging. Marijuana sales totaled $700 million in Colorado last year, for instance. But there’s a surprising catch. It turns out that indoor marijuana growth in particular — a cultivation method often favored in the industry for many reasons — uses a surprising amount of energy.
A federal judge hearing a case of nine men charged with illegally growing marijuana on federal land in California said Wednesday she was considering arguments that the federal government has improperly labelled marijuana as one of the most dangerous drugs.
Indeed. Legalization bills are already popping up in state legislatures around the country, and while it’s unlikely — though not impossible — that any of them will pass this year, 2016 looks to be the breakout year for freeing the weed.
A federal judge has done what Congress and the Obama administration have failed to do — open a discussion on whether marijuana should continue to be listed as a Schedule 1 drug, a classification that is supposed to be used only for the most dangerous, addictive drugs, such as heroin and LSD.