Report: Legalizing Cannabis Would Create A $35 Billion Industry In The U.S.

A new report released by GreenWave Advisers has detailed a calculated prediction about the future of the legal cannabis marijuana-money-live-trading-newsindustry – and the numbers are huge.

According to the report, if cannabis was legalized on a federal level in the United States by the year 2020, the recreational and medical market combined in all 50 states would be valued at around $35 billion annually.

The analysis concludes that change in federal law is expected, due to the continued efforts of lawmakers pushing various pieces of legislation to ease current laws, the benefits of medical cannabis becoming better understood, the positive economic impact becoming more recognized and according to the report, the most important factor: public support in favor of legalization is growing.

Read moreReport: Legalizing Cannabis Would Create A $35 Billion Industry In The U.S.

Government Report: Bermuda Should Legalize Medical Cannabis, Decriminalize Cannabis Possession

By Associated Press

A report commissioned by the government of Bermuda has endorsed legalizing marijuana for medicalbermuda purposes and decriminalizing personal use of the drug.

The report from the Cannabis Reform Collaborative, which began reviewing drug laws in the British island territory in December, concluded that prosecutions for non-violent offenses related to marijuana are overwhelming the criminal justice system and disproportionately target non-white and immigrant populations.

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New RAND Report Reveals Predictions of Washington Cannabis Consumption for 2013 Not Even Close

A new report released from the RAND Drug Policy Research Center has found that past projections of cannabis consumptionstock2 in Washington for 2013 fell short – by hundreds of thousands of pounds.

The report estimates the weight of cannabis consumed in Washington in 2013 based on data collected from existing household surveys and a new web-based consumption survey, and the results indicate that previous projections of Washington’s consumption rate for 2013 reflected less than half of actual consumption for the year:

Read moreNew RAND Report Reveals Predictions of Washington Cannabis Consumption for 2013 Not Even Close

New FBI Report: Over 1,500,000 Arrested for Drugs in 2012

The FBI has released their latest Uniformed Crime Report which has found that there were 1,552,432 arrests in 2012 for drug-related offensescrimereport, with 82% of those being for simple possession; with a majority of those being for cannabis.

In total, the report found that over 12,000,000 people were arrested in the United States in 2012. According to the report, the “highest number of arrests were for drug abuse violations.”

Read moreNew FBI Report: Over 1,500,000 Arrested for Drugs in 2012

New Report: Cannabis Use On the Rise, Use of Prescription Painkillers, Cocaine and Meth Declining

The 2012 National Survey on Drug Use and Health was released today, finding for at least the 6th straight year that cannabis consumption is on the rise.jointsmoking The report found that 7.3% of those 12 and older consumed cannabis in 2012, up from 5.8% in 2007.

Despite the rise in cannabis consumption, the use of prescription painkillers, cocaine and meth has been on a consistent decline; the usage of other drugs, such as psychedelics, remain steady.

Read moreNew Report: Cannabis Use On the Rise, Use of Prescription Painkillers, Cocaine and Meth Declining