CNBC’s “Enlighten Alley” group discusses what’s next for cannabis stocks as weed becomes legalized in additional states across the country with Vivien Azer of Cowen. For get entry to to are living and irregular video from CNBC subscribe to CNBC PRO:
Voters in four states on Tuesday greenlighted measures to legalize and tax recreational marijuana for adults.
Arizona, Montana, Unique Jersey and South Dakota occupy joined the 11 states which occupy already legalized recreational pot.
Those other states are Alaska, California, Colorado, Illinois, Maine, Massachusetts, Michigan, Nevada, Oregon, Vermont and Washington disclose.
Meanwhile, Washington, D.C., permits adults age 21 and over to occupy up to 2 oz. of marijuana and permits for the switch of up to an oz. to one more adult — but you presumably can nonetheless be arrested for selling it.
Voters also well-liked measures for medicinal marijuana in Mississippi and South Dakota.
“Unique Jersey legalized it, but so did deep-red South Dakota and Montana,” acknowledged Steve Hawkins, govt director of the Marijuana Protection Mission. “It shows that no topic political ideology or event variations, American beef up cannabis legalization.”
It also helps that levying acceptable pot might perhaps well perhaps well lend a hand states beef up their coffers amid the recent financial downturn. It comes all of the map down to their attain to the tax, policy consultants acknowledged.
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