Cannabis Legalization Advances Across The US – Livewire at the Leading Edge
Cannabis Legalization Advances Across the US – Oklahoma Votes to Legalize Medical Marijuana
Livewire at the Leading Edge in California
Oklahoma Legalizes Marijuana
As the latest step towards further legalization of marijuana, Oklahoma joins the nine (9) States of Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon, Vermont and Washington — plus the District of Columbia to allow sales of recreational or medical marijuana. Another twenty one (21) states allow some form of medical marijuana and sixteen (16) states allow the use of a lesser medical marijuana extract. Recreational marijuana first became legal in the United States in 2012
Sixty Four Percent of US Population Support Legalization
In 1969 only 12% of the US population supported the legalization of marijuana. Fifteen years of polling has shown a drastic increase from that number to 64% in 2018, according to the latest Gallup pole. Democrats approval increased from 35% to 72%, while Republicans improved from 20% to 51% during the same period.
Medical marijuana, for its part, has nearly universal support in the United States, according to an August 2017 poll from Quinnipiac University. An overwhelming 94% of adults, including 96% of independents, 95% of Democrats and 90% of Republicans support it.
Chuck Schumer is supporting decriminalizing marijuana use on the Federal level and relaxing Federal Pot politics have dramatically changed tax benefits for the States. Democrats believe that the question of pot legalization could turn into a litmus test for the mid-term elections and they expect that younger voters will boost voter turnout.
Market Size $6.6 Billion – Quadruple over next Decade
Legal pot has grown to a $6.6 billion industry, with seven in ten dollars going for medical marijuana and three in ten going for recreational marijuana, with the balance improving in favor of recreational use, as legalization accelerates. The overall industry has been projected to quadruple over the next decade, according to New Frontier Data, a research company that analyzes the marijuana industry.
LiveWire Ergogenics is well positioned in a fast developing California Market.
StockWatchIndex has been covering LiveWire (OTC:LVVVV),a company focused on research, product development, acquisition and management of legal, fully compliant and contained turnkey production facilities for cannabis-based products and services since June of 2017. LiveWire has consistently supported and sponsored official efforts to further the legalization of marijuana production and sales and has established a fully legal and compliant cannabis operation in Coachella, California. The Company operates under two permits obtained for cultivation/nursery and distribution. LiveWire plans to secure additional permits and licenses in order to pursue its plan to establish cannabis projects throughout the state of California. Operations at Coachella will be conducted under a newly formed subsidiary, GHC Ventures.