THE MEDICAL CANNABIS BUSINESS
On November 6, 1996 the State of California became the first state in the union to pass legislation allowing the medical use of Cannabis. Senate Bill 420 allows the possession of up to 8 ounces of medical cannabis for treatment of any debilitating illness as prescribed by a licensed physician. Further, the law allows the cultivation of 12 immature or 6 mature plants for medicinal use.
In 2000, the voters of the State of Colorado ratified amendment 20, giving its doctors and citizens the right to choose cannabis as a treatment drug for a myriad of medical conditions such as Cancer, AIDS or glaucoma as well as maladies such as nausea, muscle spasms and chronic pain.
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