How The Government Is Hurting The Marijuana Business


Recently, a pharmaceutical research and manufacturing
center in New York was repurposed for the intent of growing and refining medical marijuana.
In fact, with the spread of legalized or decriminalized weed, corporations have been scrambling to
cash in and gain market share on this legally murky drug. But why isn’t corporate weed
more common? In countries like Canada, medical marijuana
is a big business. But originally, there were few limits on who could grow marijuana to
resell. Between government grow-ops, private farms, and small businesses all doing the
same thing, police and local governments ended up regularly complaining about the unregulated
system. Today, medical marijuana users in Canada are limited to one of several large,
government approved, corporate growers. They are expected to bring in over 3 billion Canadian
dollars over the next ten years. But in the United States, the federal government
is less accepting of large or small scale growers. Since marijuana is still technically
illegal on a federal level, the risk involved is significantly higher, and the whole process
is more complicated. Growers are prohibited from using federal water in their operations,
and many banks have been reticent to loan or accept marijuana money. And although the Department of Justice has
promised to cool off on prosecutions, they still openly threaten the marijuana business.
In a memo to US attorney, the DOJ reaffirmed that marijuana was a quote “dangerous drug”
and that they would continue enforcing anti-drug laws. Their regulatory attempts at stopping
interstate trafficking, use by minors, intoxicated driving, and perhaps most ironically, criminal
revenue from pot sales, threaten the US marijuana industry. On top of everything else, the foggy legality
of marijuana creates significant tax revenue problems. Pot falls under section 280E of
the tax code, which prohibits tax credits or deductions on any federally illegal drugs.
In response, the IRS points the blame at Congress, which has thus far refused to decriminalize. There are a number of hurdles to clear before
an effective system of sales and revenue can be established. Looking at Colorado, it’s
clear that the federal government is missing out on at least some significant taxable income.
In just the year since it was legalized in that state, pot brought in $36.5 million dollars
in taxes alone. That’s not to mention the ancillary jobs created and money made from
increased tourism. Still, marijuana legislation has changed more in the past few years than
it has in the past few decades. It’s only a matter of time until public opinion changes
public policy and paves the way for corporate marijuana. The business of Marijuana has already been
booming in some pretty interesting ways. Check out how some are hosting high class marijuana
dinner parties, in our latest episode of Seeker Stories. Thanks for watching, and don’t
forget to subscribe!




Comments
  1. How the government is hurting the Marijuana business
    =
    How a democratic government is enforcing its laws equally to all of its citizens

  2. I really hate the US federal government, a plant with medicinal properties is a dangerous drug but alcohol and tobacco, which have 0 health benefits are perfectly okay. Beautiful logic.

  3. TestTube is a biased news media that keeps trying to change public opinion through propaganda.
    Fuck you TestTube, we don't want to see more fucking biased videos of the war against Marijuana.

  4. Do a video on

    1. Who is Rand Paul ?
    2. How powerful is Poland ?
    3.How powerful is Florida ?
    4. What areas of the world will be least impacted by climate change (i.e. safest)

  5. Weed is safer then alcohol , thats a fact! The feds r just digging their heels in to keep the satus quo! In other words a lota ppl will have lighter pay checks when its leagalized not just the politicians! Policemen , dea agents, states and the feds will have to stop raiding grows to fund their operations! Lol thats it in a nut shell states and the feds confiscate millions upon millions of dollars and assets a year from pot grows and growers and that money gets put in the "drug war fund" and goes to god knows who and were!

  6. Drug dealers and police departments and prison service contractors are making billions off of illegal marijuana.

    If Marijuana were to be legalized, Drug dealers profits around the world would instantly vanish. Police would lose seized cash and not be paid to house marijuana prisoners. Prison suppliers of food and clothing would see sales dramatically slump.

  7. I'm just waiting until big cooperation start manufacturing marijuana so the price falls dramatically, and then I might consider smoking again.

  8. If the government starts growing they're gunna ruin it by adding there GMO chemicals and people will probably get addicted….but you know it will be some good bud

  9. This channel appeals for bigger government and regulations… but suddently it realizes a bigger government is a mess and it implies smaller citizens.

  10. Marijuana is the leading cause of mental disorders
    THE USA and its allies should do everything to arrest these no good pot heads. Lock up up for life and let them rot , useless garbage 
    Remember kids, drugs are bad! 
    FEAR GOD!

  11. It seems like the US Federal Government is shooting itself in the foot. The issue around marijuana is just an example of that. They cultivated this fear around the plant and refuse to sway despite mounting evidence that it's safe to use and has medicinal properties. Younger Americans then feel lied to, especially since so many of us have either tried it or know folks who do use it and we can see with our own eyes how harmless it is. Such lying is only deepening our distrust of the government, I think. It only makes you wonder what else they're lying about (especially in light of much larger instances of lying such as with the NSA and surveillance).

  12. Who's the chinesse girl bring back the dude or the other hot chick i don't wanna see this chinese girl again yellow bitch

  13. Whoa, I asked for a marijuana video like a day or two ago :3 Does Test Tube actually read everyone's comments and makes videos of their suggestions or is it just coincidence?

  14. Let people put into their bodies whatever they want. We can't look after them like they were children, but we can't either forbid them to consume whatever they want 'cos thats an individual right. Everyone is responsible for their actions.

  15. Isn't the host of this episode that person who was stuck in North Korea or something? I think I saw a documentary on it once

  16. Make weed legal for people who are sick, but make it leagl so people can smoke it at parties ? nope never do that,

  17. All these pot smokers in these comments raging every time someone speaks out against their shit drug. xDD "it calms me down, now shut the fuck up or else I will snap your neck"

  18. I wish this was happening here in Sweden. i probably wont me alive the day cannabis is legalized or just decriminalized if ever.:P. we are so far behind in this.. its sickening.

  19. Tell us about gold and the world financial situation. Why is gold so cheap now? Why is chine buying up so much gold. How much gold is out there.

  20. 0:20 you did not include the north west angle in minnesota. over 1,000 people live there. ARE THEY DEAD TO YOU?

  21. Don't look at these comments friend, they are filled with so many anti marijuana retards. They probably get paid to say that stupid shit. Anyways, do your own research, and see what this drug is really all about.

  22. Who the fuck has the right to tell you what you can and can't ingest. Ok, if they offer knowledge and advice it's understandable but if they straight up prohibit you from partaking then fuck them a million times then a million more. Fuck this authoritarian world where a select group of people decide how everyone else is going to live.

  23. Actually, a lot of the states on that map have legalized medical marijuana, but don't really have any clinics where you can get it.

  24. In my opinion, once countries legalize weed, they should stop the war on drugs. The war on drugs have not got rid of all the drug dealers out there in every country that goes to war against it. Countries should just stop the war on drugs like Uruguay and Portugal.

  25. Don't people find it odd that one group of Homo sapiens can claim the 'right' to tell you what you can and cannot ingest? Is that ultimately claiming ownership over someone else's body?

    And even if you are found to be in possession of cannabis, and no harm has been done to anyone – police use violence against you – and possibly kill you for having a plant that grows naturally on Earth?

    Really??

  26. I just love how the government has drilled into the brains of people that "SMOKING A PLANT IS BAD! DO NOT DO THAT! insert disproved facts here" The results are obvious and good. Marijuana not only decreases violence/crime but it has a large number of actual medicinal uses, it also it's a huge potential market that people are turning away because for superstition. If you say marijuana is bad, don't just say it present facts that are actually proven from tests of an unbiased source.

  27. Marihuana is not owned by a company and that's what they don't like its like with oil what if no one owned it they would do things to make it illegal!

  28. America wake up their eyes to the drugs,Uruguay and other countries too,lets follow their examples,the only thing that America needs to learn is stopping its noise in everything.

  29. Why do people even give a shit about this? There are more important issues in the world that should be focused on.

  30. They won't change the federal laws until Monsanto is ready to distribute GMO weed, obviously our government doesn't like the small guy getting big. The many need to stop fearing the few, in France the government fears the people, yet in the U.S. the stereotype is the French are pushovers. LMFAO

  31. ░░░░░░░░░░░░▄▄▄▄░░░░░░░░░░░░░░░░░░░░░░░▄▄▄▄▄ ░░░█░░░░▄▀█▀▀▄░░▀▀▀▄░░░░▐█░░░░░░░░░▄▀█▀▀▄░░░▀█▄ ░░█░░░░▀░▐▌░░▐▌░░░░░▀░░░▐█░░░░░░░░▀░▐▌░░▐▌░░░░█▀ ░▐▌░░░░░░░▀▄▄▀░░░░░░░░░░▐█▄▄░░░░░░░░░▀▄▄▀░░░░░▐▌ ░█░░░░░░░░░░░░░░░░░░░░░░░░░▀█░░░░░░░░░░░░░░░░░░█ ▐█░░░░░░░░░░░░░░░░░░░░░░░░░░█▌░░░░░░░░░░░░░░░░░█ ▐█░░░░░░░░░░░░░░░░░░░░░░░░░░█▌░░░░░░░░░░░░░░░░░█ ░█░░░░░░░░░░░░░░░░░░░░█▄░░░▄█░░░░░░░░░░░░░░░░░░█ ░▐▌░░░░░░░░░░░░░░░░░░░░▀███▀░░░░░░░░░░░░░░░░░░▐▌ ░░█░░░░░░░░░░░░░░░░░▀▄░░░░░░░░░░▄▀░░░░░░░░░░░░█ ░░░█░░░░░░░░░░░░░░░░░░▀▄▄▄▄▄▄▄▀▀░░░░░░░░░░░░░█

  32. Legalise all drugs. People are gonna do them anyway, so why not charge tax? The government would make Billions off that.

  33. Nah, the U.S. is still wanking themselves with their shitty tobacco, that's why weed ain't legal. All about competition between tobacco and weed.

  34. The better weed is now selling for $20 to $22 a gram at most Recreational Marijuana Stores in the Seattle area.  Until the state  increases the grow canopy by 100% prices will remain expensive.  And with no one allowed to grow MJ at home the citizens of Washington State are being screwed by high MJ prices.  The growers/Retail Stores and Washington State LCB are happy with these expensive prices they are make great money by screwing the consumer making the citizens pay more.  Screw the citizen screw the consumer and make the people who do not have the money pay more.  Once again the little guy is screwed by the government.

  35. I want my state to legalize recreational use. Currently I'm unable to consume cannabis, doing so will essentially invoke my freedom; which is not in my best interest. I feel decriminalization needs to be nation wide, no matter the state. Although States' should remain in control of commercialization, and distribution.

  36. I have a feeling that the crimcorfedmedzionewsgov is going to have a hard time maintaining its legitimacy when this Shady Realm15 "exercise" goes down and SHTF! I believe that marijuana will likely become legal as it should be and the fedgov will be abolished along with all the renegade alphabet agencies within its criminal tentacles

  37. Marijuana is proof we live in a Orwellian society us Americans just get better gadgets. If we were a free people the government would let us smoke what we want and however much we want….

  38. man fuck corporate weed its fine that they are going to do it but we need to make sure we protect medical patients right to grow their own marijuana

  39. It's Medical CANNABIS, Not Medical marijuana! The term "marijuana" was used as a racist commentary for yellow journalism tactics back in the 1930s when Harry Anslinger used this word along with other big companies getting on board to rid this nation of the potential uses of industrial hemp becoming the farmers' mainstay crops.

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