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Medical Marijuana Inc Reviews State of the Industry and Prospects for Future Growth
Date:2/27/2013

rism-could-generate-billions-in-additional-revenues-for-cannabis-industry-in-colorado/">http://mmjbusinessdaily.com/2013/02/20/marijuana-tourism-could-generate-billions-in-additional-revenues-for-cannabis-industry-in-colorado/

Furthering the nationwide momentum for marijuana legalization, on Thursday Feb 21st a Maryland lawmaker introduced a bill (House Bill # 1453) to legalize recreational marijuana sales for adults 21 years and older.  Just like Colorado, the Maryland bill would create a system to tax and regulate marijuana like alcohol is presently regulated.  The measure would direct the Maryland Comptroller to license marijuana retail stores, wholesale and testing facilities.  The bill creates an excise tax of $50 per ounce on wholesale sales and directs certain proceeds to fund treatment programs involved with alcohol, tobacco and drug abuse.

Along with Maryland's action on Feb 21, similar legislation was also introduced on this date in Maine to legalize marijuana for adult consumption.  This now brings a total of six states (Maine, Maryland, New Hampshire, Pennsylvania, Rhode Island and Vermont) with pending legislation to legalize marijuana for recreational purposes.  The winds of reform are clearly favorable and MJNA is poised to take advantage of the positive legislative moves throughout the country. 

Medicinal Marijuana Around the WorldAround the globe, there are more and more countries recognizing the medicinal values of marijuana – many have either decriminalized marijuana or approved it for medical usage. 

Countries that have legalized medical marijuana for prescription by a physician include: Canada, the Netherlands, Germany, Austria, Finland, Italy, Spain, Israel, Portugal and most recently the Czech Republic

Countries that are considering or have considered legalizing recreational marijuana include: Uruguay, Guatemala, MexicoIn Uruguay President Jose Muji
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SOURCE Medical Marijuana Inc.
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