Legal Marijuana Is The Fastest-Growing Industry In The U.S.: Report

Legal marijuana is the fastest-growing industry in the United States and if the trend toward legalization spreads to all 50 states, marijuana could become larger than the organic food industry, according to a new report obtained by The Huffington Post.

Researchers from The ArcView Group, a cannabis industry investment and research firm based in Oakland, California, found that the U.S. market for legal cannabis grew 74 percent in 2014 to $2.7 billion, up from $1.5 billion in 2013.

The group surveyed hundreds of medical and recreational marijuana retailers in states where sales are legal, as well as ancillary business operators and independent cultivators of the plant, over the course of seven months during 2013 and 2014. ArcView also compiled data from state agencies, nonprofit organizations and private companies in the marijuana industry for a more complete look at the marketplace.

“In the last year, the rise of the cannabis industry went from an interesting cocktail conversation to being taken seriously as the fastest growing industry in America,” Troy Dayton, CEO of The ArcView Group and publisher of the third edition of the State of Legal Marijuana Markets, said in the executive summary of the report. “At this point, it’s hard to imagine that any serious businessperson who is paying attention hasn’t spent some time thinking about the possibilities in this market.”

marijuana fastest growing industryGraph courtesy of ArcView Market Research.

The report also projects a strong year for legal marijuana in 2015 and projects 32 percent growth in the market. Dayton said that places “cannabis in the top spot” when compared with other fast-growing industries.

Over the next five years, the marijuana industry is expected to continue to grow, with ArcView predicting that 14 more states will legalize recreational marijuana and two more states will legalize medical marijuana. At least 10 states are already considering legalizing recreational marijuana in just the next two years through ballot measures or state legislatures.

To date, four states — Colorado, Washington, Alaska and Oregon — have legalized retail marijuana. Washington, D.C., voters also legalized recreational marijuana use, but sales currently remain banned. Twenty-three states have legalized medical cannabis. Still, marijuana remains illegal at the federal level.

The report projects that, by 2019, all of the state-legal marijuana markets combined will make for a potential overall market worth almost $11 billion annually.

marijuana fastest growing industryGraph courtesy of ArcView Market Research.

The report also breaks out some interesting marijuana trends from around the nation. California still has the largest legal cannabis market in the U.S., at $1.3 billion. Arizona was found to have the fastest-growing major marijuana market in 2014, expanding to $155 million, up more than $120 million from the previous year. Medical marijuana is already legal in Arizona and California and recreational legalization measures are likely to appear on the 2016 ballots in both states.

More than 1.5 million shoppers purchased legal marijuana from a dispensary, either medical or recreational, in 2014. Five states now boast marijuana markets that are larger than $100 million, and in Colorado and Washington — the first states to open retail marijuana shops in the U.S. — consumers bought $370 million in marijuana products last year.

Oregon and Alaska are expected to add a combined $275 million in retail marijuana sales in their first year of operation, the report projects. And while D.C. has also legalized recreational marijuana use, ArcView couldn’t project a market size in the District because of an ongoing attempt by congressional Republicans to block the new law.

marijuana fastest growing industry
Graph courtesy of ArcView Market Research.

The huge growth potential of the industry appears to be limited only by the possibility of states rejecting the loosening of their drug laws. The report projects a marijuana industry that could be more valuable than the entire organic food industry — that is, if the legalization trend continues to the point that all 50 states legalize recreational marijuana. The total market value of all states legalizing marijuana would top $36.8 billion — more than $3 billion larger than the organic food industry.

“These are exciting times,” Dayton said in the executive summary, “and new millionaires and possibly billionaires are about to be made, while simultaneously society will become safer and freer.”

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Viola Davis Calls Out Hollywood's Lack Of Diversity During Empowering SAG Awards Speech

Viola Davis brought the audience to their feet with her touching acceptance speech at the 2015 Screen Actors Guild Awards on Sunday.

“When I tell my daughter stories at night, inevitably, a few things happen,” Davis said while accepting the award. “Number one, I use my imagination. I always start with life, and then I build from there. And then the other thing that happens is she always says, ‘Mommy, can you put me in the story?’ And you know, it starts from the top up.”

Davis called out the lack of diversity in Hollywood, and thanked the “How to Get Away With Murder” producers (including Shonda Rhimes) for thinking a “mysterious woman could be a 49-year-old, dark-skinned, African-American woman who looks like me.”

This empowering speech follows the one Davis gave at the People’s Choice Awards earlier this month, in which she took a dig at New York Times’ television critic Alessandra Stanley.

“Thank you Shonda Rhimes, [producer] Betsy Beers and [creator] Peter Nowalk for thinking of a leading lady who looks like my ‘classic beauty,'” she said, referring to Stanley’s assertion that Davis was “less classically beautiful” than Halle Berry or Kerry Washington. “I’m so proud to be an actor and so happy to do what I do. And I’m so happy that people have accepted me in this role at this stage in my career.”

Speaking after the SAG Awards win, Davis said she didn’t anticipate making the speech, but also knew what had to be said:

A Break in the Greek Tragedy

Europe should count itself lucky that a leftwing anti-austerity party won the Greek elections, swept into office by citizens who’ve had enough. Elsewhere in Europe, seven years of stupid, punitive, and self-defeating austerity policies have led to gains by the far right.

If a radical left party is now in power in Athens and sending tremors through Europe’s financial markets, the EU’s smug leaders and their banker allies in Frankfurt, Brussels and Berlin have only themselves to blame.

Alexis Tsipras, leader of the winning Syriza coalition, says he doesn’t want Greece to leave the Euro. He just wants Europe’s leaders to renegotiate Greece’s debt. It’s about time.

If you turn the clock back to October 2009, that was when the incoming social democratic government led by PASOK’s George Papandreou discovered and reported that the former conservative government had faked Greece’s budget numbers. The Greek deficit, supposedly three percent of GDP, was more like 12 percent.

Financial speculators brutally began punishing Greece, abetted by the Merkel government in Berlin and its allies at the International Monetary Fund, the European Commission, and the European Central Bank.

The speculation against Greek sovereign debt created a “contagion effect,” and pretty soon Portugal, Ireland, Italy and Spain were next. The financial press cutely referred to these nations as the PIIGS, as if their own greed had created the crisis. But the true pigs were the financial markets. The speculative orgy against sovereign debt, coupled with austerity demands to satisfy the financial sharks, only sent Europe deeper into depression and deflation, punishing the weakest.

This crisis could have ended years ago with far less suffering for ordinary people who had no responsibilities for the offending policies. Greece, after all, has about two percent of the EU’s total economic product — and it has about 25 percent less than it had before the crisis. (That’s how well austerity medicine worked.) Writing off Greece’s debt outright would have cost peanuts, and still would.

The EU should have given Greece serious debt relief in 2009. Now, finally, there is a government in Athens that will demand it. But that will require a very high stakes game of chicken. Tsipras has to be willing to risk a default, and the financial shocks that would set off. He has to gamble that the IMF and the European Commission would institute an emergency damage control plan.

It remains to be seen whether Tsipras will gain an absolute parliamentary majority of 151 seats out of 300. At this writing, it appears that he will fall just short and will need to rely on one of the other left parties.

But Tsipras will form a government, and he will bring to the bargaining table the power of the weak. Should Greece default on its debts, that will bring further hardship on the long-suffering Greeks — but also on the rest of the European economy. It is in the interest of Merkel and the other leaders of the austerity bloc to relent. Otherwise, Europe’s crisis will only deepen.

Ironically enough, earlier this month the European Central Bank under president Mario Draghi, after several years of fencing with Merkel, finally mustered the courage and political support to initiate a program of large-scale direct purchases of government bonds. The U.S. version, now winding down, is known by the euphemism Quantitative Easing.

Europe should have begun that policy years ago, before its depression and deflation deepened. Now, Europe is in such a self-inflicted hole that Draghi’s bond purchases are likely to be too little and too late.

Merkel and her allies on the European Commission have discouraged these bond purchases because they enable governments to borrow cheaply. If governments can borrow without fear, that undercuts the pressure to cut spending and balance budgets — the essence of the austerity program. If Draghi’s program actually begins bearing some fruit, count on Merkel to frontally oppose it.

The Greeks have done the rest of Europe a huge service. They have called the question. There is finally a leader willing to stand up and say, enough is enough. Whether the austerity mongers will relent remains to be seen.

I have made this point before, but it bears repeating. The world greatest sinner when it came to profligate spending was one Adolf Hitler. He did a few other nefarious things as well. At the peak of World War II, Nazi Germany’s sovereign debt was 675 percent of GDP.

But the allies did not treat a defeated Germany the way Merkel treats the Greeks. As part of the postwar reconstruction program, the allies allowed Germany to write off over 90 percent of its debt. In fact, by the early 1950s, Germany, which lost the war, had a much lower debt-to-GDP ratio than Britain or the U.S., which had won the war.

The allies did that because they had a Cold War to win, and needed the new German Federal Republic as a stable ally. The multiple sins of the Nazis were not permitted to interfere with a currency reform.

This act of macro-economic mercy has just dropped from German historical consciousness. You would think that Germany is simply associated with fiscal virtue and the Greeks with improvidence, not that German recovery was built on a generous write-off of prior debt by the occupying powers.

The Germans also seem to have forgotten that the Nazi occupation of Greece was one of Europe’s most brutal. (That may explain the limited appeal of the neo-Nazi Golden Dawn party in Greece, which polled only about six percent.)

If only Greece had lost a war and required a reconstruction program.

In the 1940s and 1950s, the allies had Stalin to worry about. That made a debt write-off seem the lesser evil, even debt incurred by Hitler. There is no Stalin today, but a democratic leftist is governing in Athens. And far-right parties are banging on the doors of other European countries. Meanwhile, needless suffering in Greece and elsewhere is now in its seventh year.

Wouldn’t it be fitting if a rebellion on the part of the brave Greeks led Europe to alter its broader policy of perverse austerity? It’s almost too much to hope for, but it’s a start.

Robert Kuttner is co-editor of The American Prospect and a visiting professor at Brandeis University’s Heller School. His latest book is Debtors’ Prison: The Politics of Austerity Versus Possibility.

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What You Need To Know About The Snow Headed To The Northeast

The busy Northeast corridor prepared for a winter wallop that was expected to bring 2 to 3 feet of snow from northern New Jersey all the way up to Massachusetts. Here’s what residents of the big cities in the Northeast and mid-Atlantic need to know about the coming storm:

___ SNOWSTORM VS. BLIZZARD: WHAT’S THE DIFFERENCE?

The National Weather Service issued a blizzard warning for a huge swath of the region, meaning potential white-out conditions as heavy snow swirls amid gusting wind. The weather service says a blizzard includes sustained or frequent wind gusts of 35 mph or greater and considerable falling snow that lasts for at least three hours. This storm is expected to last up to 36 hours in some locations, forecasters said.

___

AIR TRAVEL

More than 1,400 flights scheduled for Monday are expected to be cancelled, according to the flight tracking site FlightAware. Most major airlines are allowing customers whose flights are canceled in the next few days to book new flights without paying a penalty. Customers ticketed on flights to dozens of Eastern airports are generally eligible for the allowance, though specific terms vary by airline.

___

NEW YORK

A blizzard expected to dump 2 to 3 feet of snow should begin around midday Monday and last through Tuesday night. Nearly 200 Monday flights had already been canceled Sunday night at the three major airports serving the city.

___

BOSTON

A blizzard warning will be in effect from 7 p.m. Monday to 1 a.m. Wednesday, with about 18 to 24 inches of snow forecast for the city, but up to 3 feet to the west. Hurricane force winds were predicted for Cape Cod and the nearby islands, and wind gusts of up to 75 mph were possible farther inland.

___

HARTFORD, CONNECTICUT

From 20 to 30 inches of snow was predicted, including snowfall rates of 2 to 4 inches per hour at some points Monday night or Tuesday morning.

___

PROVIDENCE, RHODE ISLAND

Accumulations of around 20 to 30 inches were expected with locally higher amounts possible, plus blizzard conditions that include damaging winds and considerable drifting and blowing snow.

___

PHILADELPHIA

An initial shot of one to three inches of snow early Monday is a prelude for the main storm that arrives about noon, when a winter storm warning goes into effect. About 14 to 18 inches is expected before the storm ends about 6 p.m. Tuesday, with less to the west and more in New Jersey toward the coast.

___

WASHINGTON-BALTIMORE

Snow should begin falling before sunrise Monday and end by midday Tuesday, with only about 2 to 3 inches accumulating in Washington but 4 to 6 inches in Baltimore.

What is Tataki? (VIDEO)

For more food drink and travel videos visit www.potluckvideo.com

For those who can’t decide between sushi and a medium rare steak, there’s a way to have the best of both worlds. The Japanese dish tataki refers to a piece of meat or fish that is mostly raw but has a slight sear around the edges.

But there is a lot more to this classic dish than meets the eye. So in the video above we aim to learn every bit of technique needed to prepare a perfect portion of tataki.

Watch the video above to find out more!

For more great food, drink and travel videos make sure to check out Potluck Video’s website, head over to our Facebook page or follow us on Twitter

Fly Or Die: Canary Home Monitoring System

Canary Product Line 2 The home security market is quickly heating up. As IoT continues to be a dominating trend, security systems that use smaller, faster technology will become the central hub of the home for a fraction of the cost of traditional home monitoring systems. Canary is one of the most affordable and attractive options on the market, offering a single system that offers monitoring of everything from… Read More

Ask Yourself This Question if You Want to Live a Creative Life

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The new year started in a whirlwind. I wrote three essays over the holidays. Two of them got on media outlets of high traffic volume. The third one was picked up on the front page of another popular website. Visits to my blog grew in leaps and bounds. I got more email followers in the first week of 2015 than in the past 12 months combined.

The sudden popularity felt surreal. I haven’t changed after all. Every day it still takes pulverizing my entire brain to put the right words on page. You can say I was simply in the right place at the right time. If you are spiritual, you call it “grace.” Otherwise, you call it “luck.”

I was overjoyed about the happenings, of course. But after the spur of exuberance settled down, what happened next was disturbing.

I found myself start to compare my articles to others published on the same sites. I checked my blog visitors and Facebook likes every few hours. “Maybe if I picked a more intriguing title, more people would click on it?” “Should I write more ‘listacles’ instead of personal stories, since the former seem to be more popular?” Thoughts like these multiplied in my head like fungus. Suddenly, I felt pressure, pressure to top myself, pressure to top everyone else.

The next day I didn’t write anything. When I sat down at my computer, I hesitated with every single word I typed, as though each of them were now a bid in the auction for fame and glory. And the bidding war was too fast-paced for my slow brain.

My writer self was angry at me. How can she not? She doesn’t give a dime about how popular I am on social media. All she wants is to write. And I just took her only job away without any advance notice. I could hear it yelling at me: “Fuck you, bitch! Give my creative freedom back!”

It dawned on me that once I let my ego highjack my writing, I was no longer in the creating business — I joined the show business instead. That’s how rock musicians who become rock stars become drug addicts, and how actresses who become Hollywood divas become patron saints of plastic surgery…

Something needs to change. Badly.

Walking my dog in deserted winter woods that afternoon, I asked myself: Why do I write?

I could have been skiing in Aspen or lying on a Caribbean beach. It was a holiday after all. But instead, I locked myself up in a room and typed away on a computer, with my greasy hair a tangled mess and laundries piling up to the sky.

Why?

Slowly, the reasons cam back to me. I write because I have a lot to say and feel compelled to say it. Because there’s a fire in my heart and a pulse of creation shooting through my veins. Because when I see a light, I can’t help but run to other beings and shout, “Oh, come! Come! Come see this dazzling wonder! Doesn’t it make whatever you went through on this earth worthwhile?”

These are the reasons I write. And as I started remembering them, I felt my footsteps steadier. The troubling thoughts loosened their grip. I could see a lot clearer ahead of me. I promised to my writer self, the creator in me, that whatever happens in the future, I’ll do everything I can to get out of her way. I will be the guardian, not the intruder, of her creative space. I’ll make sure she is safe, from me.

No matter what your medium of art is, if you’re called to live a creative life, here’s the most important question you can ask yourself — why?

Why do you create?

There will be times — maybe more than your fair share of times — when the world can’t care less about whatever you do and the most enthusiastic response you get is a thick stash of rejection letters. There will be times — be careful what you wish for — when the applause seems deafening and the lime light too bright, and you are tempted to be who you are not just to please the crowd.

No matter how frustrating or confusing things are, you will sail through them unscathed, as long as you know the real reasons why you are doing what you do. They don’t have to be smart or sensible reasons. They just need to be real. In fact, make it “have to.” Because one day you may find that they are the only thing that can carry you through a storm and keep your creativity alive. But if you dare to trust them, if you dare to trust who you are, doors will be opened where you didn’t know doors existed.

So, my friend, why do you create?

Natasha Che is a writer based in Washington D.C. She is obsessed about how life works, and writes about relationship, career, spirituality and creative process on natashache.com. You can also find her on Natasha’s Channel on YouTube.

Survivor of 'Charlie Hebdo' Massacre 'Very Happy Obama Didn't Come to Paris'

In a new interview Laurent Léger, investigations editor of Charlie Hebdo and a survivor of the January 7th assault on the magazine’s Paris office, condemned President Obama for his administration’s attack on press freedom.

“You have to be very happy [Obama] didn’t come to the march in Paris,” said Léger. “[His administration’s actions are] an absolute scandal. It’s very good he didn’t come to the march that day.” A 2013 report by the Committee to Protect Journalists stated that the Obama administration’s “war on leaks and other efforts to control information are the most aggressive…since the Nixon administration.” Eight whistleblowers have been prosecuted by Obama’s Justice Department under the 1917 Espionage Act, more than twice as many as under all other presidents combined.

Léger was participating in Charlie Hebdo‘s weekly editorial meeting when the staff heard what sounded like fireworks outside. Then, Léger told French radio, a man masked and dressed all in black — now known to have been either Chérif or Saïd Kouachi — entered the room, shouted “Allahu Akbar” and began shooting the magazine’s staff, killing nine. Léger survived by hiding underneath a table. After the gunmen left Léger held the hand of one of the wounded, Charlie Hebdo webmaster Simon Fieschi, until help arrived.

Léger also harshly criticized the attitude of both the British government and media toward freedom of the press. “It’s really unbelievable,” he said, that the UK Official Secret Acts has been used to prevent the British press from reporting on a 2004 meeting between George W. Bush and Tony Blair during which Bush allegedly advocated the bombing of the headquarters of Al Jazeera. The British government has also gagged the nation’s press from reporting that the subsequent prosecution of civil servant David Keogh was linked to his apparent leaking of the minutes from the Bush-Blair meeting.

Said Léger:

The role of the British justice system with regard to the press is just insane. You see how people’s private lives are completely trampled on by the British papers, especially the tabloids, while at the same time the justice system forbids them from publishing information… about the affairs of bureaucrats. This is not freedom of expression.

In addition, Léger pronounced it “very bizarre” that the New York Times gave a platform on its op-ed page to Marine Le Pen — leader of France’s hard-right National Front party and one of the political figures most ridiculed by Charlie Hebdo‘s staff — for Le Pen to comment on the massacre.

Léger lambasted the Western media more broadly for what he called the “dizzying” difference between the volume of the coverage of the Charlie Hebdo attack and the simultaneous mass killings by Boko Haram in Nigeria. “It was a total distortion of the values [of the press],” said Léger. “It is the media as a whole that must reflect on its priorities.”

However, Léger did defend the recent indictment of French comedian and political activist Dieudonné for “incitement of terrorism.” Dieudonné posted “Today I feel like Charlie Coulibaly” on his Facebook page, referencing Amedy Coulibaly, who killed four people at kosher grocery store in Paris following the Charlie Hebdo attack. Dieudonné has previously been convicted under French laws forbidding the incitement of racial hatred.

“Dieudonné knows the law perfectly well, and he’s playing with it, because it serves him to appear as a victim,” said Léger. “I don’t at all find this shameful that we can sometimes limit the freedom of expression. We are all conscious of that at Charlie Hebdo, we defend freedom of expression but always within the framework of the law and the values of the republic.”

Léger began his career as an investigative journalist at Paris Match, and has written and co-written many books on French politics. He later was part of the founding team of Bakchich, a satirical magazine similar to Charlie Hebdo. “The pleasure of working in satire,” said Léger, is that humor is “an easier way to reporting information that is sometimes disturbing or difficult to talk about.” He characterized his main ambition as simply to uncover “what there is in the corridors of power, what information is worth hiding.”

In the wake of the Charlie Hebdo massacre, Léger called upon comedians and journalists worldwide to seize “a big opportunity to express themselves, to help explain through humor, derision and satire what the big issues of today’s society really are… [to] discuss secularism, how to coexist, how to talk about culture and understanding.”

Léger said he believed many French officials at the January 10th rally in Paris protesting the assault on Charlie Hebdo were sincere. However, he described the presence of numerous government officials from countries with poor records on freedom of the press as “incredible and ludicrous. It’s too bad that the cartoonists who were killed couldn’t be there to see it. If they had, they would have made some fantastic cartoons.”

Scientology Doc ‘Going Clear' Claims The Church Split Up Tom Cruise And Nicole Kidman

Alex Gibney’s Going Clear: Scientology and the Prison of Belief is arguably the most hotly anticipated film premiering at the 2015 Sundance Film Festival.