And research from Washington State University found that police in Washington and Colorado are solving crimes faster than their peers in states without marijuana legalization. Mr. Sessions ended that practice in January, however, and Tuesday's midterms mark the first time states will vote on legalizing marijuana on the heels of his policy change. Most voters, regardless of their age, geographic location, or political persuasion, recognize the medical benefits of marijuana and believe it should be available to those who can benefit from it. By her calculation, after factoring in MI, the total addressable market for adult, medical, and illicit use of marijuana will be $24.5 billion by 2030.
In Missouri, two of three medical marijuana initiatives won.
Cannabis stocks were broadly higher Wednesday after MI voted to legalize recreational marijuana and Missouri approved medical pot. Its proposal also levies a 10 percent sales tax on pot sales.
In addition to the recreational market, more states are embracing medical marijuana. The compromise is more restrictive than other states' medical marijuana efforts, since patients won't be allowed to grow their own weed and can only smoke the prescribed bud under certain circumstances.
The proposal allows people 21 and older to possess, use, and buy cannabis for recreational use. "Michigan will be the first state in the Midwest to end marijuana prohibition and replace it with a system in which marijuana is regulated for adult use".
Once considered a taboo product, a growing number of Americans support marijuana legalization. Businesses would need a state license to sell marijuana and local governments could bar such businesses from opening within their borders. So far Vermont is the only state that has legalized recreational use (but not commercial production and distribution) by that route. A similar measure in North Dakota, however, appears destined for defeat, though Legalize ND campaigners say they won't concede until all votes are counted-and if the measure does fail, they will try again in 2020, the Grand Forks Herald reports. Both states passed amendments that legalize marijuana for people with qualifying illnesses, bringing the total count in the United States to 30 states.
It's unclear if marijuana bills could get through the Republican-held Senate.
Florida voters approved a ballot measure that will restore voting rights to 1.5 million ex-felons when they complete their sentences.