Today, the Virginia Legislature gave final approval to Gov. Ralph Northam's amendments to the adult-use legalization bill, making Virginia the17th state—and the first in the South—to legalize cannabis! It is also the fourth state to pass legalization through its state legislature, as opposed to via voter referendum.
The University of Montana's Bureau of Business and Economic Research (BBER) released a study analyzing the potential economic benefits of legalizing and taxing marijuana. The researchers, led by BBER Director Dr. Patrick Barkey, project that Montana will generate $236 million in new revenue from marijuana sales by 2026. Click here to read the full report.
The study anticipates a significant boost will come from tourists visiting Montana,…