Now that New Jersey is preparing to launch its adult-use market for marijuana, several other states are likely to follow suit with marijuana legalization legislation of their own.
If cannabis is legalized in six or more states in the year ahead, it will generate hundreds of millions of dollars for cannabis businesses, ultimately benefitting cannabis investors all the more.
Industry experts also anticipate the medical marijuana bill proposed in Kansas and the recreational marijuana legalization bill proposed in Delaware also stand a good chance of passing into law.
The proposed measure would require the support of a supermajority to pass into law due to the tax provisions included in the bill.
Though the initial bill stands a decent chance of becoming law, there is a question as to whether Delaware’s government prefers to collect tax dollars by way of a regulated market.
Lawmakers in Maryland are also in the news for referring recreational cannabis to voters this past November by way of a ballot initiative.
Mississippi lawmakers voted to legalize medical cannabis earlier this year after the state’s Supreme Court voided a referendum that had been approved by voters.
Ohio lawmakers have until the final weeks of spring to determine if they will put a referendum for recreational cannabis on the November ballot as initiated by citizens.
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