No Grimace Here! This Fast-Food Chain Is Loving Marijuana's Expansion
At the federal level, marijuana is a wholly illegal substance currently categorized as schedule I. As a schedule I drug, it has no recognized medical benefits, and is thusly considered to be just as dangerous as heroin or LSD.
However, in spite of this scheduling, legal weed is growing by leaps and bounds at the state level. In just 22 years, we've gone from having zero states being authorized to prescribe medical cannabis and sell recreational weed to 29 medical-legal and eight adult-use-legal states today. Organic growth within these legal states, along with the expectation that new states will look to legalize medical cannabis or recreational pot, is expected to boost legal U.S. weed sales by 300% to approximately $17 billion between 2016 and 2021, according to a report from Marijuana Business Daily that was released earlier this year.
Image source: Getty Images.
Source: Fool.com
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