Oklahoma legalized medical marijuana last June and has seen continuous growth since. Sales grew by almost three million dollars from January to February from $4.3M in January to $7.2M in February. The 7% tax on marijuana has led to more than 500 000 dollars that goes towards the state regulatory office with surplus going 75% to the state’s general fund and 25% towards drug and alcohol treatment programs. With sales continuing to grow there is more and more money to reinvest into the state.
Whole foods CEO, John Mackey, announced that if marijuana were legalized in Texas the upscale supermarket chain would be open to selling “alternative products”. The chain has also been linked to selling bugs. When asked which products would come first, Mackey responded saying that it all depends on what happens on the market. With hemp products in Whole foods’ top 10 trends of 2019 it might just be a matter of time.
With recreational marijuana legalized in California since 2016 marijuana users have been trying to find the right places to smoke. The lounge, Moe Greens, has a mid 19th century aesthetic and hopes to make going there comfortable for every type of marijuana consumer. The goal of places like Moe Greens is to create a clean and safe space for people to go and consume cannabis any way they would like. There are many different ways to enter the cannabis industry and places like these will soon start to pop up in every state that legalizes recreational marijuana. Maybe they’ll even be the new Starbucks!