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By Gillian Flaccus | AP



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PORTLAND, Ore. — The aftermost year was a 12-month albino acknowledgment for the acknowledged marijuana industry as the all-around bazaar exploded and cannabis pushed its way added into the cyberbanking and cultural mainstream.



Liberal California became the better acknowledged U.S. marketplace, bourgeois Utah and Oklahoma accepted medical marijuana, and the U.S. East Coast got its aboriginal bartering pot shops. Canada ushered in ample legalization, and Mexico’s Supreme Court set the date for that country to follow.

U.S. biologic regulators accustomed the aboriginal marijuana-based biologic to amusement kids with a anatomy of epilepsy, and billions of advance dollars caked into cannabis companies. Alike basic artery brands like Coca-Cola said they are because abutting the party.



“I accept been alive on this for decades, and this was the year that the movement crested ,” said U.S. Rep. Earl Blumenauer, an Oregon Democrat alive to annul the federal ban on pot. “It’s bright that this is all advancing to a head.”

With fizz architecture beyond the globe, the drive will abide into 2019.

Luxembourg is assertive to become the aboriginal European country to approve recreational marijuana, and South Africa is affective in that direction. Israel’s Parliament accustomed a law acceptance exports of medical marijuana. Thailand legalized alleviative use of marijuana, and added Southeastern Asian countries may chase South Korea’s advance in legalizing cannabidiol, or CBD. It’s a non-psychoactive admixture begin in marijuana and hemp plants and acclimated for assay of assertive medical problems.

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“It’s not aloof the U.S. now. It’s spreading,” said Ben Curren, CEO of Green Bits, a San Jose, California, aggregation that develops software for marijuana retailers and businesses.

Curren’s close is one of abounding that blossomed as the industry grew. He started the aggregation in 2014 with two friends. Now, he has 85 employees, and the company’s software processes $2.5 billion in sales affairs a year for added than 1,000 U.S. retail food and dispensaries.

Green Bits aloft $17 actor in April, affairs in money from advance firms including Snoop Dogg’s Casa Verde Capital. Curren hopes to aggrandize internationally by 2020.

“A lot of the botheration is befitting up with growth,” he said.

Legal marijuana was a $10.4 billion industry in the U.S. in 2018 with a quarter-million jobs adherent aloof to the administration of marijuana plants, said Beau Whitney, carnality admiral and chief economist at New Frontier Data, a arch cannabis bazaar assay and abstracts assay firm. There are abounding added jobs that don’t absorb absolute assignment with the plants, but they are harder to quantify, Whitney said.

Investors caked $10 billion into cannabis in North America in 2018, alert what was invested in the aftermost three years combined, he said, and the accumulated North American bazaar is accepted to ability added than $16 billion in 2019.

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“Investors are accepting abundant savvier aback it comes to this amplitude because alike aloof a brace of years ago, you’d bandy money at it and achievement that article would stick,” he said. “But now investors are abundant added discerning.”

Increasingly, U.S. assembly see that success and appetite it for their states.

Nearly two-thirds of U.S. states now accept legalized some anatomy of medical marijuana.

Voters in November fabricated Michigan the 10th accompaniment — and aboriginal in the Midwest — to approve recreational marijuana. Governors in New York and New Jersey are blame for a agnate law in their states abutting year, and drive for ample amends is architecture in Pennsylvania and Illinois.

“Let’s approve the developed use of recreational marijuana already and for all,” New York Gov. Andrew Cuomo said aftermost week.

The East Coast’s aboriginal recreational pot shops opened in November in Massachusetts.

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State assembly in Nebraska aloof formed a attack board to put a medical cannabis action to voters in 2020. Nebraska shares a bound with Colorado, one of the aboriginal two states to approve recreational marijuana, and Iowa, which afresh started a bound medical marijuana program.

“Attitudes accept been rapidly evolving and changing. I apperceive that my attitude against it has additionally changed,” said Nebraska accompaniment Sen. Adam Morfeld, a Democrat. “Seeing the medical allowances and seeing added states apparatus it … has assertive me that it’s not the alarming biologic it’s fabricated out to be.”

With all its success, the U.S. marijuana industry continues to be attenuate by a able-bodied atramentous bazaar and federal law that treats marijuana as a controlled actuality like heroin. Cyberbanking institutions are agitable about cannabis businesses, alike in U.S. states area they are legal, and investors until afresh accept been afraid to put their money abaft pot.

Marijuana businesses can’t abstract their business costs on their federal taxes and face huge challenges accepting allowance and award absolute acreage for their brick-and-mortar operations.

“Until you accept complete federal legalization, you’re action to be active with that structure,” said Marc Press, a New Jersey advocate who advises cannabis businesses.

At the alpha of the year, the industry was algid aback then-U.S. Advocate General Jeff Sessions rescinded a action careful state-licensed medical marijuana operators from federal biologic prosecutions. Ultimately the move had basal appulse because federal prosecutors showed little absorption in action afterwards acknowledged operators.

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Sessions, a allegiant marijuana opponent, after absent his job while Admiral Donald Trump said he was absorbed to abutment an accomplishment by U.S. Sen. Cory Gardner, a Colorado Republican, to relax the federal prohibition.

In November, Democrats won ascendancy of the U.S. House and appetite to use it abutting year to canyon legislation that eases federal restrictions on the acknowledged marijuana industry after removing it from the controlled substances list.

Gardner and Massachusetts Democratic Sen. Elizabeth Warren accept proposed legislation acceptance state-approved bartering cannabis action beneath federal law. The bill additionally would let states and Indian tribes actuate how best to adapt marijuana business aural their boundaries after abhorrence of federal intervention.

If those accoutrement become law, they could accessible up cyberbanking for the marijuana industry civic and accomplish it easier for cannabis companies to defended capital.

Blumenauer’s “blueprint” to approve marijuana additionally calls for the federal government to accommodate medical marijuana for veterans, added candid taxation for marijuana businesses and rolling aback federal prohibitions on marijuana research, amid added things.

“We accept adopted the best pro-cannabis Congress in history and added important, some of the bodies who were roadblocks to our assignment … are gone,” Blumenauer said. “If we’re able to jump-start it in the House, I anticipate there will be abutment in the Senate, decidedly if we accord with things that are important, like veterans’ admission and banking.”

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Gillian Flaccus is a affiliate of AP’s marijuana exhausted team. Chase her on Cheep at http://www.twitter.com/gflaccus . Find complete AP marijuana advantage here: https://apnews.com/LegalMarijuana .

Copyright 2018 The Associated Press. All rights reserved. This actual may not be published, broadcast, rewritten or redistributed.

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