Cannabis stocks are booming with the spread of legalization. Paradise Seeds looks at the positives, negatives and opportunities that marijuana stocks bring.
Colorado began to tax recreational cannabis sales in January 2014. The American state (population 5 million) has subsequently had to revise its tax projections for the coming year for the legal marijuana business. It now estimates that tax revenues will be $98 million (40% more than originally estimated). The Marijuana Industry Group (MIG) believes that Colorado’s recreational marijuana industry already employs an estimated 10,000 people.
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