420, the “unofficial” party celebrates its 50th anniversary!

What does 4/20 represent in 2021?

Today is 4/20, a trivial date for many, but for the growing cannabis community, it’s a bit like the great National Cannabis Day.

Born from the tradition of young “stoners”, 4:20 pm would have been the hour of the weekly meeting of a group of five Californian high school students nicknamed the Waldos, who, in 1971, gathered to smoke weed and seek the Holy Grail. grass – a thriving crop supposedly left unattended in the forest.

Although alternative theories of origin abound, San Rafael High School alumni Steve Capper, Mark Gravich, Larry Schwartz, Jeff Noel, and Dave Reddix have told their story in multiple reports since the term 420 surfaced for first seen in High Times in 1991. Somehow the term stuck and the five have been referred to as the grandfathers of this international phenomenon.

Over the years, 420 has become a slang term for getting high, a time of day for consuming, and a date on the calendar for celebrating all things weed. As legalization spreads across the country and cannabis becomes a corporate affair, the popular event has turned into a marketing opportunity for publicly traded, billion-dollar marijuana companies. dollars.

Here is a snapshot and a good example for the nations of the cannabis situation in Illinois and the United States around April 20, 2021, 50 years after this de facto holiday began.

to read : Maine restaurant feeds its lobsters

State legalization

Recreational use of marijuana is now legal in 17 states and Washington DC, with New Mexico, Virginia and New York being the most recent to approve it.

In 1996, California became the first state to approve the use of medical marijuana through Proposition 215. Colorado and Washington state were the first states to approve the sale of marijuana to recreational purposes in 2012, opening the floodgates to a larger retail industry.

Illinois legalized the recreational use of marijuana on January 1, 2020.

Mentalities evolution

As more states legalize recreational weed, 91% of American adults say marijuana should be legal in some form, with 60% approving of recreational use, according to a published Pew Research study Friday.

One in four Americans have used cannabis in some form in the past 12 months, according to a YouGov study released Monday and commissioned by Chicago-based cannabis company Cresco.
More info]During the vigil for 7-year-old Jaslyn Adams, the neighborhood leaders and the family demand that the shooter be delivered “.

Almost a quarter of cannabis users said they had tried it for the first time in the past year, according to the study by YouGov.

Cannabis consumers in the Midwest consume more edibles and drinks than other parts of the country, according to the study.

to read : The midnight smoker, aka the “midnight toker”

More than four in ten cannabis users think 420 should be recognized as a national holiday, according to the YouGov study.

Increased sales

A report released in April by cannabis research firm Headset predicts that legal weed sales in the United States will reach $ 28.3 billion in 2022, up from $ 22.8 billion this year, a 24% increase. .

Sales of marijuana in Illinois have exploded since the state legalized recreational use, reaching $ 1.03 billion last year. That amount includes $ 669 million in recreational herb sales and more than $ 366 million in medical sales, according to the Department of Financial and Professional Regulation, which regulates dispensaries in the state.
Read more]During the vigil for Jaslyn Adams, 7, the neighborhood leaders and the family demand that the shooter be denounced.

The pace picked up in 2021, with nearly $ 377 million in total marijuana sales through March, including $ 279 million in recreational sales and $ 98 million in medical sales, according to the state.

Tax revenues

States raised $ 2.5 billion in sales tax revenue in 2020, with California topping the list with just over $ 1 billion, according to a study released last week by US Drug Test Centers.

Illinois generated $ 175 million in marijuana taxes in 2020, ranking 5th among all states, according to the study.

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