Definition - What does Green Rush mean?
“Green rush” is a term used to describe the burgeoning marijuana industry within the United States as well as Canada. This applies to the growth and spread of dispensaries, the growing sales of smoking accessories, and things outside the world of cannabis culture, like marijuana related stocks and bonds, as well as trade shows and business convergences.
The term green rush is a nod to the North American Gold Rush of the 1800s and mainly alludes to the money-making potential of this growing industry. The green rush is having a major impact on the economies of states where marijuana has been legalized. It is only a matter of time before all states benefit from the rush.
MaximumYield explains Green Rush
The term “green rush” is used to describe the massive growth that the fledgling marijuana industry is seeing in the United States. It encompasses the founding and growth of businesses like marijuana dispensaries and delivery services, as well as growing operations, edibles, marijuana clothing companies, accessory manufacturers, and more. However, it also refers to less tangible items, like marijuana stocks and bonds.
One of the most interesting aspects of the green rush is in marijuana smoking accessories manufacturing. Strictly speaking, it is still illegal in most US states to possess any sort of marijuana paraphernalia, from the smallest one-hitter pipe to the most elaborate bong. In fact, it wasn’t that long ago that the US government spent $12 million in an attempt to shut down Internet stores selling marijuana accessories.
Today, the laws are not as strictly enforced. With medical marijuana being legalized in almost half of US states, and recreational use legal in a growing number of areas, the authorities are turning a less and less active eye toward the trade in accessories, which is good news for American manufacturers.
Due to the illegality of these wares, most of the accessories available to US marijuana enthusiasts have come from other nations. Today, the green rush has helped to ensure that more and more small US-based businesses can get into the industry.