However, marijuana stocks can still be dangerous At the same time, there are also a laundry list of reasons to stay far, far away from pot stocks. For example, marijuana is still an illicit substance throughout much of North America. The U.S. federal government views it as having no medical benefits, and it’s therefore wholly illegal. This United States’ Schedule I categorization of marijuana comes with a number of inherent disadvantages for U.S. businesses and pot stocks. To begin with, researching cannabis for medical purposes is exceptionally difficult because of its Schedule I status. Also, pot-based businesses are unable to take normal corporate income-tax deductions since they’re selling a federally illegal substance. Finally, banks want little to do with marijuana companies, leaving many cannabis companies to deal solely with cash, which is Green Rush a major security concern and a growth inhibitor.
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Connecticut Poll Shows 71 Percent Support for Making Marijuana Legal Residents want to regulate and tax marijuana to help ease state and local budget issues. HARTFORD, Conn. — A new poll by Sacred Heart University shows that 71 percent of Connecticut residents support legalizing and taxing marijuana. The poll was conducted on October 3-12 and surveyed 1,000 Connecticut residents from around the state. This level of support marks a significant increase since the last poll in 2015, which showed 63 percent approval Marijuana Stocks for making marijuana legal for adults, according to a press release. The poll was conducted specifically in the context of the state’s ongoing budget crisis, and the proposal to help fix this issue by regulating and taxing marijuana was the most popular solution. 60 percent of respondents said that the state budget should be fixed by “creating new sources of tax revenue,” while under 33 percent supported cutting services, and a mere 15 percent supported raising existing taxes. “An overwhelming majority of Connecticut residents support regulating and taxing marijuana,” said Sam Tracy, director of the Connecticut Coalition to Regulate Marijuana . “Elected officials should listen to their constituents and legalize marijuana in Connecticut, rather than continue to ignore this source of new jobs, new tax revenue, and improved public health.
To read more visit http://www.cannabisbusinesstimes.com/article/connecticut-poll-shows-71-percent-support-for-making-marijuana-legal/