What's next for recreational marijuana in MI?

Desiree Hennessy center attends to her adopted son Hestevan who has Cerebral Palsy and suffers from chronic nerve pain seizure disorder during the Utah Patients Coalition news conference in Salt Lake City. Ut

Legalization won in MI by almost 12 points, while the medical marijuana measures won by 14 points in Oklahoma, by more than six points in Utah, and by 31 points in Missouri. New York may be the next state to approve medicinal or recreational marijuana usage, with New York State health officials reporting that "the positive effects of regulating an adult marijuana market in NYS outweigh the potential negative impacts".

Democrats took control of the House and Republicans maintained their grip on the Senate, but another victor of the 2018 USA midterm elections is the cannabis industry. Amendment 2 sets a marijuana tax of 4 percent, but doctors are allowed to recommend marijuana for any condition they see fit.

As I wrote yesterday, four states had cannabis-related measures on the ballot-two with medical programs (Missouri and Utah), and two with adult-use recreational (Michigan and North Dakota).

Voters in MI voted for Proposal 1, which legalizes recreational marijuana and regulates it like alcohol.

A similar measure was defeated in North Dakota, meaning there are now 10 states that allow recreational use of pot.

MI voters approved a measure permitting people over age 21 to smoke pot recreationally.

Utah voters also gave the nod to medical marijuana.

Residents can also grow up to 12 plants for personal use.

"Now that more than 30 states have enacted comprehensive medical marijuana laws, it is time for Congress to step up and address the issue at the federal level".

Investors say that they are watching Canada, where the legal recreational use of marijuana went into effect in October, as a testing ground for retailers and companies before US legalization.

Once considered a taboo product, a growing number of Americans support marijuana legalization. If more than one measure passes, the proposal with the largest affirmative vote will become law.

Both Missouri and Utah were won handily by President Donald Trump in the 2016 general election, but Cowen analyst Vivien Azer says that support for marijuana is becoming more bipartisan.

Proposition C would have altered state law to place a 2 percent tax on medical weed that would go to veteran services, drug treatment, early childhood education, and public safety in cities with dispensaries.

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