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Dogecoin market watch8/2/2023 ![]() ![]() What might help that deficit? Tax revenue from weed sales. The pandemic has driven the federal deficit way up as Congress cranked out stimulus money. That money is being put to good use in the community funding public health, environmental and public safety projects in the state.ĬOVID might be just what the government needs to get on board. An estimate by the Tax Foundation shows California, for example, has the potential to rake in up to $1 billion in taxes from marijuana sales. Weed is a lucrative business for states who’ve taken the plunge into legalization. And if you have a medical card, you can toke-up worry-free in 33 states. Connecticut, Delaware, Minnesota, Rhode Island, Wisconsin and Maryland look like they’re up next. New Mexico became the latest to approve the drug earlier this month, but that law doesn’t go into effect until June 29. If you live in California, Colorado, Washington, Alaska, Oregon, Washington, D.C., Virginia, Maine, Massachusetts, Nevada, Michigan, Vermont, Guam, Illinois, Arizona, Montana, South Dakota, New Jersey, or New York - light up freely. Today’s 04/20 looks a bit different than its origination in the 1970s, with weed no longer having the same stigma it did back then. Jay Inslee used to be against it too - look at them now. ![]() John Hickenlooper and Washington State Gov. Speaking on the Senate floor today Schumer said, “Hopefully, the next time this unofficial holiday, 4/20, rolls around, our country will have made progress in addressing the massive overcriminalization of marijuana in a meaningful and comprehensive way… I believe the time has come to end the federal prohibition on marijuana in this country.”Although President Biden still says he’s opposed, he might be swayed. ![]() Senate Majority Leader Chuck Schumer has said he’ll introduce a legalization bill “soon”. Mexico is on track to legalize weed this year while Canada already allows recreational use of the drug. might be facing some pressure from its neighbors soon. It’s unclear how the bill might fare in the tight Senate.Įvery reform of laws at the federal level is one step closer to federal legalization. Sales of the drug would also no longer be subject to anti-money-laundering laws. The legislation would give cannabis companies access to the federally insured banking system - allowing debit and credit cards to be used to pay for weed. Tired of having to hit the ATM at the dispensary when you forget they can’t take your debit card? Well, this bill might just help you out. The Lower Chamber passed the SAFE Banking Act in a 321 to 101 vote Monday night. That drop came despite the House taking a step forward to make it easier to buy and sell weed. Leaders in the industry like Canopy Growth (CGC), Cronos (CRON), Aphria (APHA), and Tilray (TLRY) are on a bit of a sale with all down more than 4% at writing. ![]() If you’ve had your eyes on any weed stocks, today might be the day to buy. A quick look at the hashtag #DogeDay on Twitter will find you some pretty good memes to scroll through if you choose to partake in other traditions of the day. The focus for many today is on Dogecoin as holders of the meme cryptocurrency coin the name “Doge Day” with a hefty goal of pushing its value up to $1. “It is Dogecoin’s price relative to Bitcoin that makes it so remarkable right now,” she added.Īccording to MarketWatch, Edward Moya, a senior market analyst at OANDA, said that Dogecoin is also surging because many crypto traders “do not want to miss out on any buzz that stems from Elon Musk’s hosting of ‘Saturday Night Live.’”Īmid recent, intense interest in the cryptocurrency, the Oakland Athletics said on Twitter on Monday that it would sell “two-seat pods in the Plaza Infield for 100 Dogecoin” for all four games in its series against the Toronto Blue Jays. The eventual sale of one of those pods was “the first transaction in MLB history,” team president Dave Kaval announced on Twitter that same day.Īs of this writing, Dogecoin is around $0.60.04/20 - the infamous day to light one up - and now to buy stocks and some cryptocurrencies. Even high-risk junk bonds have virtually no returns now,” Carol Alexander, a crypto academic professor at the University of Sussex Business School, told the publication. “It is a low-cost, high-risk investment with the potential for massive returns – which can’t be found elsewhere at the moment. Live Cryptocurrency Prices, Charts & Portfolio Live Coin Watch Cryptocurrency Prices Live Top Coins by Market Cap market cap 1,173,204,582,113 30d volume 24h 32,129,684,578 7d liquidity ☒ 4,472,263,347 24h bitcoin dominance 46.32 30d Exchanges Platforms New 0 BC. Some trading platforms such as Coinbase, however, have been hesitant to support Dogecoin due to its volatility, as experts said that the possibility of incurring massive gains comes with a risk of huge losses, The Independent notes. ![]()
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