Still Unclear if Cigarette Producers Will Move into Pot Market
SPOKANE, Wash.—Will the Marlboro Man light up a joint soon?
The states of Washington and Colorado legalized possession of small amounts of marijuana in the November elections, but it is unclear if any cigarette makers plan to supply either market.
Marijuana remains illegal under federal law. President Barack Obama indicated last week that going after individual users won't be a priority, but there's no firm indication yet what action the Justice Department might take against states or businesses that participate in the nascent pot market, which has the potential to be large. For example analysts have estimated that a legal pot market could bring Washington state hundreds of millions of dollars a year in new tax revenue for schools, health care and basic government functions.
Source: Denver Post. Read full article. (link)
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