Cannabis On the Ballot (Nov 2018)

Cannabis…

The mid-term election cycle are also likely to be significant for Cannabis—four states are taking legalization measures to the people Tuesday (6-Nov-2018).

What, exactly, are voters deciding on? In Michigan and North Dakota, voters will see ballot initiatives to legalize recreational adult-use cannabis. In Utah and Missouri, the measures seek to legalize medical marijuana.

And if they pass, this year could mark a turning point for marijuana:

  • Canada already became the first major world economy to legalize recreational marijuana nationwide.
  • California opened up the biggest legal marijuana market in the world.

But how likely are these measures to become law? Well, if national attitudes are any indication…

cannabis tax, marijuana tax, sales tax, midterms

Via PolitiFact

Follow the green: Per BDS Analytics, worldwide consumer spending on legal pot is set to hit $57 billion by 2027. That means big bucks for state coffers, too.

  • Colorado’s slated to post a record $1.5 billion in legal cannabis sales this year, which will earn the state more than $250 million in tax revenue.

 

AUTHOR

Mark Friedlich

All stories by: Mark Friedlich

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