2017 was a big year in the wide, often-wacky world of marijuana legalization. As more states and countries move towards legalization, the cannabis industry continues to boom, despite those who still stand adamantly opposed to it. Here are a few of the highlights that happened in 2017.
2017 Marijuana Highlights
Colorado Hits $1Billion in Sales in First 8 Months of 2017
There’s big money in marijuana. Colorado, a state at the forefront of cannabis legalization, got to see just how big marijuana money really is. By August 2017, Colorado marijuana sales had already hit over $1 billion, and million-dollar months became the new industry norm.
First-Time Ever Majority Support of Marijuana Legalization
2017 proved that more people than ever support the legalization of pot on some level. A Gallup poll released in October showed that 64 percent of Americans favor legalization. The poll also highlighted that 51 percent of Republicans now favor medical and/or recreational legalization. 2017 became the year that majority rules regarding legal marijuana. Hands down a huge win in our opinion.
7 Countries Legalize Cannabis
Global support of ganga is something else on the rise, with 2017 strongly reinforcing this fact. Around the world 7 different countries legalized marijuana to some degree, including both Mexico and Germany. Other countries that legalized cannabis in 2017 include: Catalonia, Peru, Chile, Republic of Georgia, and Greece.
Global Marijuana Market Projected to Hit $30 Billion by 2021
Marijuana research analysts predicted that the global marijuana market could reach $30 billion in the next four years. While the is currently responsible for 90 percent of the current $7.7 billion global market, it’s believed other countries will soon start cashing in on their own mounds of marijuana money. A $30 billion world marijuana market could be in store.
US Federal Government Includes CBD on List of Schedule I Drugs
While the federal government technically clarified that CBD is a Schedule I Drug last December, 2017 was when the impacts of this decision were felt most strongly. Supporters of legal cannabis were outraged, especially considering CBD contains zero psychoactive properties and can’t get you high. Never mind that it is saving lives across the world, the feds still consider it as dangerous as heroin.
Teen Pot Use Decreased Dramatically
One of the biggest arguments to keep weed illegal has been that teen use will spike cannabis is legalized. 2017 shot down this theory, with more than one study showing that teen use has actually decreased following legalization in several states. In fact, teen pot use is at its lowest in 20 years.
Some States Legalized Weed, But Laws Remain Ridiculous
There were a few states that legalized weed in 2017, implementing regulations that left many people wondering why it was even legalized in the first place. NORML accused Florida of being “near the bottom of giving people what they actually voted for.” And Texas rolled out marijuana laws so restrictive many questioned who would actually be able to use it. While 2017 was undoubtedly progressive, some laws remain little to be desired.
World Health Organization Speaks Out in Support of CBD
Despite the fact that US feds remain staunchly opposed to any type of cannabis compound becoming legal, the World Health Organization (WHO) voiced conflicting opinion in 2017. Research published by WHO found that CBD was a public health benefit, with the organization calling for a fuller review of CBD in 2018.