New Jersey is a gateway to legal weed on the East Coast: GrowGeneration CEO скачать в хорошем качестве

New Jersey is a gateway to legal weed on the East Coast: GrowGeneration CEO

GrowGeneration CEO Darren Lampert gives his outlook on the legal weed landscape in America after voters approved marijuana proposals in multiple states on Election Day. Subscribe to CNBC PRO for access to investor and analyst insights: https://cnb.cx/2Vtntx6 After New Jersey voters agreed to legalize marijuana within its borders last week, it’s only a matter of time before neighboring states do the same, GrowGeneration CEO Darren Lampert told CNBC’s Jim Cramer Friday. “We believe the rest of the East Coast will follow suit [and] legalize very soon,” he said in a “Mad Money” interview, calling the moment a “paradigm shift.” New Jersey was not alone in approving measures on Election Day intended to open up the recreational marijuana market within their boundaries. Arizona, Montana and South Dakota also passed proposals to end prohibition. The state of Mississippi also moved to legalize the plant for medical purposes. GrowGeneration, which supplies tools for gardening, expects to benefit from the expanding weed industry. Lampert said the Denver, Colorado-based company set up shot in the state of Arizona before the election in hopes of capitalizing on the potential $2 billion market there. The company sells tools used in the cultivation of marijuana. “The election was a big victory for the cannabis industry and GrowGeneration,” he said. “It’s invigorating to see cannabis initiatives pass in five states. The green sweep.” The company especially has its eyes set on the East Coast and hopes the passing of marijuana in New Jersey will cause the dominos to fall in surrounding states, leading to more efforts to legalize cannabis at least at the state level. The Garden State is the first in the mid-Atlantic region to legalize marijuana and plans to tax sales at 6.625%. Local governments will also have rights to tack on additional fees. While New York has attempted to legalize marijuana via the state legislature, those efforts have failed. It would have been just the second state after Illinois to legalize cannabis via that route. Meanwhile, New York Gov. Andrew Cuomo has said he is in favor of legalization and in Pennsylvania, support among voters has grown. Lampert said he also expects legalization is in the pipeline in Connecticut and Rhode Island. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n... Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-cred... #CNBC #CNBCTV