Renegade Investment Expert: "It's time to double down – or even triple down –on your cannabis investments!" Read more…
Analysts believe legalized marijuana could cut into alcohol sales, but that isn't stopping the Wine & Spirits Wholesalers of America (WSWA) from supporting state's rights.
On July 12, WSWA tweeted that it was "in favor of a state's right to establish a legal, well-regulated, adult-use cannabis marketplace."
WSWA Announces Support for Right to Legalize Cannabis
The WSWA also outlined 13 policies it recommends for states that legalize recreational cannabis, according to MarijuanaMoment.net.
With over 64% of the country supporting legalization and legal sales expected to reach $24.5 billion by 2021, the cannabis market is becoming too large to ignore.
Now here's a look at three of the other biggest stories in the marijuana industry you need to see…
Top Marijuana News for July 18, 2018
- Musician Willie Nelson is known for creating hit songs and for his love of cannabis. He has his own marijuana line called "Willie's Reserve," and he will soon increase his product offerings. According to ABC13.com, Nelson will launch a cannabidiol (CBD)–infused coffee in September. By 2020, the CBD market is expected to be a $2.1 billion industry.
- A lawyer has founded Oregon's first cannabis accelerator program and co-working space, according to Willamette Week. Started by Amy Margolis, the space will be the headquarters for a marijuana accelerator that aims to help women-owned marijuana businesses obtain funding from venture capitalists and grow quickly. It will start taking applications on Sept. 1.
- The CEO of Eaze, a medical cannabis delivery company, has a very bold prediction. Jim Patterson believes Amazon.com Inc. (Nasdaq: AMZN) will join the marijuana industry. "I think there's no doubt that eventually Amazon will get into this business. The question is, is that five years, 10 years, or 20 years," Jim Patterson told Yahoo Finance.