Marijuana is a billion dollar business & Florida is next!

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Marijuana is a billion dollar business & Florida is next!

Hello I’m the YourCannaLife (YCL) Founder.

Today I would like to discuss multi-billion dollar marijuana market that has opened up in Florida.  Thanks to the passing of Amendment 2 a whole industry of marijuana related business will be starting up.  Support groups to teach medical professions, entrepreneurs, and potential patients about marijuana. The marijuana related accessories will be a huge market! Bongs, bowls & vape related devices are just a few of the multitude industries that have been created in Florida thanks to medical marijuana legalization.  YourCannaLife will be working with many of these future medical marijuana related industries as time goes by.  Providing contact information of licensed Medical Marijuana Physicians will be discussed in a future post.

 

Sincerely, YCL Founder.

 

Down below is an article that was originally published by WPTV Webteam ! http://www.newschannel5.com/news/national/researchers-floridas-medical-marijuana-industry-will-be-worth-more-than-15-billion-by-2020

The medical marijuana industry promises to be very lucrative for the state of Florida.

Researchers say the state’s medical marijuana industry will be worth more than $1.5 billion by 2020.

The projection comes from New Frontier Data in partnership with Arcview Market Research and was reported in bizjournals.com.

Amendment 2 allows medical use of marijuana for individuals with debilitating medical conditions as determined by a licensed Florida physician.

“The successful passage of the medical initiative in the country’s fourth most populous state will create one of the largest medical cannabis programs in the U.S. The state’s large elderly population represents a potentially large cannabis patient base, but there will need to be a significant education process to familiarize them with the potential benefits of cannabis and its uses,” New Frontier Data Founder & CEO Giadha DeCarcer said in news release.

Florida could command as much as 7.9 percent of the total US legal cannabis market (and 16% of the US medical cannabis market) by 2020, according to the report.

Florida is next!

YourCannalife (YCL) is a Medical Marijuana caregiver business. Coming to South Florida in 2017! #medicalmarijuana #marijuanacaregiver #marijuana #caregiver #florida #cbd #thc #sativa #cannabiscommunity #weedstagram #cannabisculture #dispensary #weedstagram420 #cannabis #shatter #concentrates #vapenation #indica #vapelife #dabs #weed #vape #weedporn #420life #smokeweedeveryday #420 #maryjane #710society #710life #yourcannalife

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2 thoughts on “Marijuana is a billion dollar business & Florida is next!

  1. I have been a subject matter expert on medical cannabis in 5 states, 3 countries and worked on 16 licenses. When I read such staggering numbers about the potential revenue that Cannabis could generate I feel sorry for the people who read these figures and believe that somehow, someway they will be able to become part of this “once-in-a-generation” business. As of today, December 23, 2016 the Federal taxes on a legal cannabis business that has anything to do with actually touching the Cannabis (medical or recreational) is approximately 80% and there are very limited tax deductions also. This is IRC 280E which governs all Schedule I and II Controlled substances. It is very real. If this were a 1 Billion dollar industry in Gross Revenue, with the 80% Federal tax it would be reduced to $ 200 million, then after limited deductions and state sales taxes, it would be e barely break-even business. I know more than 35 people who are in this legal industry around the U.S. and I do not know of ONE person who makes a real profit!

    My point is that until the Federal Government reschedules Cannabis to at least a Schedule III, this will never be a real business opportunity and provide the R&D to develop medical products to help people without the terrible side effects of PHARMA drugs.

  2. Thanks for your detailed response! I agree until marijuana is categorize as a schedule 3 it will be much difficult to generate profits. Now luckily there are a few ways to lower you taxable income. Granted it isn’t easy but it is effective. The main thing to keep in mind is that there are multitude of ways to generate profit without even touching marijuana. YourCannaLife is currently on this path. I will put out an article going into more detail about IRS 280E today.

YourCannaLife is ready to assist you & you're business venture.