Medical Marijuana Inc Reviews State of the Industry and Prospects for Fut... (ibles etc. Extrapolating these pro...)

Medical Marijuana Inc Reviews State of the Industry and Prospects for Future Growth

Date:2/27/2013

ibles, etc. Extrapolating these projections throughout the nation gives analysts the impression that this is a market in its total infancy.

In Colorado things could get further amplified, as the State will apparently allow for "Pot Tourism". In Washington one is required to be a state resident in order to purchase marijuana and the financial projections above are based on those assumptions. However in Colorado the current trend from the legislative task force on marijuana is that the State will allow for out-of-state residents to also purchase marijuana. The caveat is that this marijuana must stay or be consumed within Colorado's borders. Given this, the financial projections may significantly escalate versus that for Washington. A link to an article from the Denver Post is here: http://www.denverpost.com/news/marijuana/ci_22623624/pot-tourism-colo-marijuana-regulators-ok-idea?IADID=Search-www.denverpost.com-www.denverpost.com

Even with a purchasing cap placed on tourists, many experts are calling for at least a doubling of the Washington projections for Colorado, given the marijuana tourism aspect. That would place annual State tax revenues in excess of $1 billion by 2015 from marijuana products alone, much less from all the ancillary products such as found in smoke shops, cannabis edible products or the cannabis oils used with electronic cigarettes.

MMJ Business Daily mentions in an article from Feb 20, 2013: "If the state (Colorado) actually adopts this (marijuana tourism) proposal, the initial market for marijuana would skyrocket beyond initial estimates of $1 billion, possibly doubling or even tripling that number and leading to thousands of new jobs. Link:

SOURCE Medical Marijuana Inc.
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