It’s 1933 All Over Again…
It’s 1933 All Over Again… by Gerald Celente
Years ago, as a college student in West Virginia, my friends and I could only buy 3.2% alcohol beer. We had to cross into Pennsylvania to buy “real beer.”
About once a month, we’d drive to PA, load up the car with case after case of beer, and head back to West Virginia with a full supply of the good stuff.
Regulations like 3.2% vs. 5% beer were a leftover effect of the one-by-one state alcohol laws that came on the books after the repeal of alcohol Prohibition in 1933.
I want you to take a minute and think of 2017 like 1933.
Prohibition has just been “repealed.” Only this time, it’s marijuana and not alcohol.
The repeal of Prohibition didn’t bring overnight solutions. You couldn’t magically walk into your corner liquor store and grab a fifth the very next day.
States implemented alcohol sales one by one. Progress came in fits and starts. Some states mandated beer couldn’t be sold above 3.2% alcohol, for instance.
The same can be said for marijuana. Every state that has already voted for medical or recreational use will take a different approach.
Some states will act quickly and wisely. Others will delay, and make bad decisions.
The trend, however, is clear. The marijuana boom is here. And this is only the beginning.
If the marijuana legalization movement continues on its current track, pot will be a more lucrative industry than the NFL by 2020. That would mean over $10 billion in direct sales of pot, per year.
Marijuana’s performance at America’s ballot boxes on Nov. 8 was a watershed moment. Now recreational or medical marijuana use is legal in 28 states. That’s more than half the country.
Marijuana is still regulated on a state level. But like my buddies and I in college 50 years ago, I predict that soon, the access to marijuana will blur state lines. It’s in their best interest, really.
State governments can’t wait to get their hands on the bonanza of money marijuana could generate. They see a substantial economic boon from legalizing pot. It’s reminiscent of the early days of casino gaming legalization across the country.