Midterm Elections 2018: Four States May Approve Marijuana


 
 
09:01 11/05/2018

With midterm elections a day away, four states will vote on marijuana legalization.

Marijuana on the Ballot

Michigan may already have a strong medical marijuana industry, but voters will decide on its recreational use in just days. According to a Detroit Free Press survey, 55% of voters want to see it approved.

Meanwhile 41% oppose it.

In North Dakota, years after approving its medicinal use with 64% approval, the state may see an uphill battle for recreational sales. However, according to the Grand Forks Herald, 51% of voters do favor its legalization. At the moment, 36% oppose.

On November 6, 2018, Utah — which has some of the strictest alcohol rules in the country — will vote on a medical marijuana initiative. However, polling says it may be an uphill battle.

Less than 50% of those polled approve of its medical legalization.

In addition, in Missouri, voters will choose between three measures, including:

Amendment 2 (Medical Marijuana and Veteran Healthcare Services Initiative)

This would legalize medicinal marijuana, and tax sales at 4%. Collected revenue will be used for healthcare services for veterans, an allow patients to grow at home.

Amendment 3 (Medical Marijuana and Biomedical Research and Drug Development Institute Initiative) would legalize medicinal marijuana, tax sales at 15%, and create a marijuana research center in Missouri.

Proposition C (Medical Marijuana and Veterans Healthcare Services, Education, Drug Treatment, and Public Safety Initiative) would legalize medicinal marijuana, tax marijuana sales at 2%, and spend revenue on veterans, drug treatment, education and public safety.

As U.S. legalization gains momentum, we’re betting on big upside


This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
Most Read