Cannabis Projected to Create more jobs than Manufacturing but will the Federal Government, Lobbyists, Federal Regulation and the Trump Administration allow it to Happen?

 

If you are reading this there is a good chance you know of all the medical benefits of Cannabis. Did you also know that there is more to cannabis than just a medical application and it could be huge competition for Manufacturing in terms of creating jobs? Cannabis Projected to Create more jobs than Manufacturing because it is so versatile and whenever something is versatile, it either starts to compete with the existing industry or it creates a new industry. Will the existing players allow for a new one or will they use their lobbying power to eliminate the older but newer more efficient, cleaner competition? Cannabis, jobs, manufacturing, Cannabis vs manufacturing, Lobbyists, Trump, Trump Administration, Federal Regulation, Big Pharma

 

USES

There are thousands of uses for Cannabis. THOUSANDS, think about that.

“ PRODUCTS WHICH CAN BE MADE WITH OR FROM CANNABIS (for more details see below)
medicine, fuel, paper, food, rope, maps, clothes, nets, lace, soap, sails, shoes, plastics, explosives, caulking, fiberboard, paint, sealant, methanol, gasoline, fiber for fuel, bricks, charcoal, auto bodies, packing mass, lubricants, oil for lighting, oil for fuel, oil for lights, animal food, furniture, mats, varnish, lotions, ointments, lacquer, salad dressings….
There are an estimated 50,000 commercial uses. Until about 100 years ago almost all the world’s bibles maps, sails, clothes and books were made out of cannabis. Much of the world’s population has survived by eating hemp seed, cooked into a porridge called ‘gruel’.

taken from Cannabis Campaigner’s Guide

 

Jobs Created So Far Because It Is So Useful

In Colorado, Cannabis created quite a few jobs, 18,000 in 2015 and generated $2.39 Billion Dollars.

These indirect impacts of marijuana legalization came from increased demand on local goods and services: growers rent warehouse space and purchase sophisticating lighting and irrigation equipment, for instance. Marijuana retailers similarly rely on other companies, like contractors, lawyers and book-keeping services, to conduct their own businesses.

taken from Washington Post.

this is also supported here:

Applying the marijuana impact model to Colorado, it was found that each dollar spent on retail marijuana generates $2.40 in state output. This compares favorably with general retail trade, which yields $1.88 per dollar. The more traditional (and sometimes subsidized) mining sector generates $1.79 per dollar. General manufacturing generates $1.94 per dollar, and casinos generate just $1.73 per dollar of spending. Other industries have lower output yields because their inputs are sourced from outside of the state, or because the profits are remitted to corporate owners that exist primarily outside of the state as well.

taken from Marijuana Policy Group

 

What is Happening

With so much to backup the positives, why is there so much worry about the industry?

“There’s two distinct issues here: medical marijuana and recreational marijuana. I think medical marijuana, I’ve said before, that the president understands the pain and suffering that many people go through, who are facing especially terminal diseases, and the comfort that some of these drugs, including medical marijuana, can bring to them. And that’s one that Congress, through a rider in [2014], put an appropriations bill saying that the Department of Justice wouldn’t be funded to go after those folks.

There’s a big difference between that and recreational marijuana. And I think that when you see something like the opioid addiction crisis blossoming in so many states around this country, the last thing we should be doing is encouraging people. There’s still a federal law that we need to abide by when it comes to recreational marijuana and other drugs of that nature.

taken from VOX.com

To be clear, marijuana stocks are already facing a veritable uphill battle that seemingly has no end. For instance, they have little or no access to basic banking services, such as a checking account or line of credit, because financial institutions in the U.S. answer to the federal government. Any signs of aiding a marijuana company could be viewed as money laundering, which has coerced most banks and credit unions to keep their distance. Being forced to deal solely in cash is a growth impediment for pot businesses and a serious safety concern.

Marijuana businesses are also unable to take normal tax deductions since they’re selling a federal illegal substance. With it seeming increasingly unlikely that Congress will alter marijuana’s scheduling during Trump’s tenure as president, this tax disadvantage will remain firmly in place.

What can now be added to the woes is a possible crackdown on recreational pot by the federal government, which would take away the fastest growth channel for marijuana and investors. Don’t get me wrong: There are billions of legal sales to be made to qualifying patients. However, the real growth is on the recreational side of the equation. Without this growth, marijuana stocks would almost certainly be worth avoiding.

taken from Motley Fool

Why it is Happening

Why is there so much opposition? Cannabis has the potential to hurt large industries such as alcohol and big pharma. They are using their money and influence to keep recreational cannabis from becoming legal in more states and at the federal level. Politifact Arizona showcased this anti-cannabis commercial and went on to breakdown how the “facts” listed were taken out of context.

“ According to the report, “nearly half” of newborns tested in March 2016 at St. Mary-Corwin Medical Center in Pueblo, Colo., tested positive for marijuana.
Ciara Archer, a spokeswoman for the anti-pot group, also pointed us to a July 2016 CBS Denver story on the hospital. The article notes that the head of the neonatal unit, Dr. Steve Simerville, is reporting a “dramatic increase” in newborns with marijuana in their system.
We reached out to the hospital and dug into the numbers.
Colorado legalized recreational marijuana in 2012, but St. Mary-Corwin spokeswoman Wendi Dammann said babies have been drug tested at the hospital for at least a decade.
“The screening criteria was developed by both local hospitals (St. Mary-Corwin and Parkview) and Children’s Hospital Colorado,” she said.
As far as the numbers cited in the ad, Dammann confirmed that five out of the 11 newborn babies tested in March 2016 did test positive for marijuana.
So that’s less than 46 percent — not half — of a handful of births in one month.
Cherry-picking one month of data makes the number of newborns who test positive for marijuana seem higher than it actually is. That is not the case.
From January 2016 through September 2016, 403 babies were born at St. Mary-Corwin. About one-quarter of those, or 101, were tested for marijuana.
Of those 101 newborns, 27 tested positive for marijuana in their systems. That’s a rate slightly under 27 percent.
And in 2015, the hospital saw 519 births. Of the 93 newborn babies tested for marijuana, 31 came up positive for marijuana. That’s a rate of 33 percent.

taken from Politifact Arizona

The negative ads didn’t stop there and The Guardian  when as far as to say

“Instead, critics say, the Insys contribution in Arizona is a ploy to protect market share. And it mirrors other large donations to anti-marijuana campaigns by pharmaceutical and alcohol companies that fear the growing clout of legal marijuana. In November, five states – Arizona, Massachusetts, Maine, Nevada and California – could join four others that have already legalized recreational cannabis. Currently, 25 states permit the plant’s medicinal use. They represent a national marijuana market that will top $6.7bn in sales this year, according to the research firm ArcView Group, and $20bn annually by 2020.

If so many people and companies have spent so much money and put so much energy to prevent recreational Cannabis from becoming a reality nationwide and be federally legal, they must see it as a legitimate threat. That shows the industry is doing the right things and making rich people scared. We can only hope the people’s voice is heard, which is represented by the states who have legalized Cannabis over the very loud voice of lobbyists from competing industries.

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