Tag Archives: Uruguay

(Mostly) All You Need To Know About The Marijuana Market

With legal ‘weed’ readily available from licensed dispensaries in Canada, more states to the South of us are legalizing marijuana for use in America and as such, the demand is increasing.

A good example is Colorado.

The state opened the first regulated recreational marijuana market in the world. A 2014 study also showed that 30% of the heaviest “pot” users in Colorado were responsible for 87% of the demand for the drug. Judging from these stats, we can see that the demand for marijuana is steadily rising as it is becoming accepted and legalized in more places around the world.
The marijuana market is getting bigger by the day as Americans spend roughly $40 USD billion annually on legal and illegal marijuana. There is so much more to these impressive figures and the rest of this article and info-graphic will discuss these factors. Let’s dive in, shall we?


Legalization

Typically, only two countries in the world allow the recreational use of marijuana – Uruguay and Canada. Although marijuana is still illegal under federal law in the United States, there are state laws that make it legal to consume under certain conditions. Marijuana is legal in 12 states for recreational use, and in 33 states for medical use. In the states where marijuana is legalized for medical use, there are licensed dispensaries that distribute it. These states restrict the number of dispensaries and they are usually non-profits. If we take into consideration the fact that the majority of Americans (62%) support legalizing marijuana, we can surely expect even more states to adopt new marijuana-friendly laws. As the public learns more about proven marijuana benefits, the support increases.


Sales and Demand

The rising demand for marijuana keeps driving it to record high sales as 55 million people use marijuana regularly. Studies show that by the end of 2022, recreational marijuana sales in the U.S are projected to more than triple.
The average price per ounce of marijuana differs in the U.S by state and it may vary greatly. For example, the District of Columbia has the highest price at $600.7 USD per ounce while Oregon’s price is $210.6 USD for the same quantity. Also, research shows that the cannabis market is projected to grow at a rate of 21% per year.

Employment

With the escalating demand, there is a corresponding rise in the need for greater production, and the industry provides jobs and opportunities for investments. People with degrees in pharmacology, botany, and chemistry can be very beneficial in the industry. As for the salaries, the starting pay is $40,000 for growers and pharmacologists.
The three factors above paint a clear picture of the state of the marijuana market. It is very lucrative and expected to keep thriving.

IN THE STUDIO WITH INTERIOR DESIGNER CAROLA PIMENTEL

I was immediately drawn to Carola Pimentel’s work when I was approached by a mutual friend to help with social media and public relations. Carola’s careful use of natural light, neutral color palettes, and layering of statement art and vintage finds from Europe reminded me of my time spent in Sao Paulo, Brazil as a teenager. What I didn’t realize then was that the homes and restaurants I would visit blended a certain modernism (perfect for the Brazilian climate) with a layering of European history from Portugal, Italy, and Holland (brought by years of immigration). The look I am referring to is Midcentury Brazilian design, and Carola is closely inspired by its cousin, Tropical Modernism. To dig deeper into what defines these two similar styles, I sat with the Caribbean raised and Miami based designer to discuss her careful and thoughtful approach to creating a home. 


Full renovation of a house dating from 1925 in a family compound. Assure was involved in the project from the beginning working with CMA Design Studio Inc. on the preservation, modernization, and addition of new spaces.


Growing up in the Caribbean, what inspired you to pursue your studies and career in interior design?


My parents, contemporary and Latin American art collectors, introduced me to the world of architecture and décor when they took me to see a hotel they were developing together. They always tried to incorporate interesting art into their projects. I was very young, perhaps 7 or 8-years old, but I remember loving every minute of watching them create, alongside architects and builders, wonderful spaces. By high school, I knew I didn’t want to be an architect or engineer, but I wanted to somehow be a part of building and design. During a college fair I luckily learned of the opportunity to pursue my studies in Interior Design at Ringling College in Florida. You could say that an enjoyment of art-filled homes, as well as my parents’ involvement in the interiors and hospitality industries, prepared me for my career. 


Assure Interiors completed a renovation and addition to a 1990s property on a large plot in Stonegate for a new family who required more space.


Your heroes include Oscar Niemeyer, Lina Bo Bardi, and Luis Barragan – all key examples of Latin American modernist architects. What do you love about their approach to planning, layout, and décor? 


First and foremost, I live in a tropical climate and design for clients who often have homes in various tropical locations. It is therefore a practical choice to favor a clean aesthetic and distinctive structure that lets in plenty of ventilation and light. To clarify, I don’t design with tropical patterns and colors like a palm tree printed wallpaper. Instead, I design with durable materials, such as rich woods, cool stones, and warm leathers. I also pay a lot of attention to the surrounding geography and nature as they inform my choices in paint tones, wallpaper patterns, texture of fabrics, etc. 


This Bal Harbour apartment was a collaboration with a long-standing client who was downsizing from a large penthouse to create a new home for her, as well as a setting for an important collection of twentieth century art and design.


I understand that you collect contemporary art. How do your favorite artists, their styles, and their works inform your approach to color, texture, and form?


Yes, I love art and I get a lot of inspiration from my own collection of contemporary Latin American and European works. Some of my favorite artists include Uruguay’s Pablo Atchugarry and Carlos Capelán, as well as Brazil’s Ernesto Neto, to name a few… I am particularly drawn to small scale sculpture and wall mounted installations, and attracted by the 3D quality and impact the pieces create in the context of a room. For me, art is a very important element of an interior as it gives a room character.


Assure Interiors was commissioned by a young and social art collecting family to create serene, light-filled and functional interiors. Assure was also asked to incorporate a collection of European antiques, French, Italian, Spanish 1950’s to 1970’s furniture, decorative art, and family heirlooms.


You have developed Assure’s aesthetic and style. Could you elaborate on the studio’s sensibility and point of view?


Since the beginning, I founded my studio in 2000, my priority has always been my clients. Delivering interiors where they always feel like home. I have been very lucky to learn from my own curiosity as well as my client’s passion for art and collecting. We often incorporate vintage elements found on sourcing trips to Europe and Latin America and mix these with exciting designs from galleries such as Ralph Pucci and Cristina Grajales (among others). We design rooms that acknowledge and respect these beautiful and unique objects, and then choose lighting, furniture and fabrics that beautifully complement them. The interiors that we create for our clients are modern, practical, functional, and elegant.


The client did not want to sacrifice lifestyle or comfort while living in this Coconut Grove apartment temporarily in between houses. Assure Interiors, therefore, was asked to incorporate existing furniture and create a stylish base for the family.


Looking to the future, what projects are you most excited about that will be completed soon?


We have several interesting residences across Florida and the Bahamas that will be ready in the next few months. However, what excites me the most about being an interior designer is the opportunity to start from the very beginning and to work alongside the architects on designing and planning the layout of a brand-new home. I love every minute of it from start to finish, including details like plumbing, lighting, and finishes. At Assure Interiors we are incredibly hands on and creates highly nuanced, timeless and livable homes.


Assure Interiors renovated and extended a recently purchased house in Cocoplum for repeat clients (an international couple and their three children). For the Silo, Victoria Hood.
Photography: Mark Roskams