{"id":361600,"date":"2026-08-01T11:05:09","date_gmt":"2026-08-01T11:05:09","guid":{"rendered":"https:\/\/peraltafinancing.com\/uncategorized\/these-states-are-voting-on-cannabis-legalization-this-november\/"},"modified":"2026-08-01T11:05:09","modified_gmt":"2026-08-01T11:05:09","slug":"these-states-are-voting-on-cannabis-legalization-this-november","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=361600","title":{"rendered":"These states are voting on cannabis legalization this November"},"content":{"rendered":"


\n<\/p>\n

\n

\n“We’ve seen public support continue to grow every year,” said Karen O’Keefe, director of state policies for the Marijuana Policy Project, the legalization advocacy group backing several of the measures.<\/span><\/p>\n

\nCannabis sales in states that have legalized the plant for medical and recreational purposes totaled about $15 billion in 2019, and are expected to top $30 billion by 2024, according to data from BDS Analytics, which tracks dispensary sales.<\/span><\/p>\n

\nBelow is a look at the five states voting on legal cannabis this November.<\/span><\/p>\n

\nArizona<\/span><\/h3>\n<\/p>\n

\nFour years ago, residents in the Grand Canyon State narrowly defeated an initiative to legalize recreational cannabis. It failed by fewer than 67,100 votes, with 51.3% of voters saying no.<\/span><\/p>\n

\nThe 2016 measure was hotly contested, attracting a combined $13 million from high-profile\u00a0<\/span><\/span>donors such as<\/span><\/a>\u00a0<\/span>soap company Dr. Bronner’s, which was in favor of the measure, and\u00a0<\/span><\/span>opponents such as<\/span><\/a>\u00a0<\/span>billionaire casino magnate Sheldon Adelson, tire retailer Discount Tire, and pharmaceutical company Insys.<\/span><\/div>\n
\nThis time around, the backers of the recreational cannabis initiative include some of the biggest names in the US cannabis business — an industry that has matured significantly during the past four years. State\u00a0<\/span><\/span>election finance records<\/span><\/a>\u00a0<\/span>show that contributors supporting\u00a0<\/span><\/span>Proposition 207<\/span><\/a>\u00a0<\/span>include multi-state cannabis producers and retailers such as the Tempe, Arizona-based\u00a0<\/span>Harvest Health & Recreation<\/span>\u00a0<\/span>(HRVSF<\/a><\/span>)<\/span>\u00a0<\/span>and firms such as\u00a0<\/span>Curaleaf<\/span>\u00a0<\/span>(CURLF<\/a><\/span>)<\/span>\u00a0<\/span>and\u00a0<\/span>Cresco Labs<\/span>\u00a0<\/span>(CRLBF<\/a><\/span>)<\/span>, which have cultivation and retail operations in Arizona’s medical cannabis industry.<\/span><\/div>\n
\nStill in staunch opposition are\u00a0<\/span><\/span>Governor Doug Ducey<\/span><\/a>, the Arizona Chamber of Commerce and Smart Approaches to Marijuana, a national organization that opposes the legalization and commercialization of cannabis.<\/span><\/div>\n
\n
\n
\n\"Marijuana<\/p>\n

\nMarijuana plants sit in the Harvest grow operation in Camp Verde, Arizona, on Feb. 7, 2018. Harvest is one of the largest cannabis companies in the United States and a large financial contributor of efforts to legalize recreational cannabis in Arizona.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

\nFor the most part, Proposition 207 is structured similarly to 2016’s measure. It would allow adults 21 years and older to possess, consume or transfer up to 1 ounce of cannabis and create a regulatory system for the products’ cultivation and sale. Some key differences with the new measure include the addition of social equity provisions and criminal justice reforms such as record expungement.<\/span><\/p>\n

\nAccording to estimates from industry publication Marijuana Business Daily, recreational sales in Arizona could total $700 million to $760 million by 2024.<\/span><\/p>\n

\nNew Jersey<\/span><\/h3>\n<\/p>\n
\nWhen Governor Phil Murphy was elected in 2017,<\/span>\u00a0<\/span>he vowed to deliver on a campaign trail promise<\/span><\/a>\u00a0<\/span>to legalize cannabis. At the time, he\u00a0<\/span><\/span>told the New Jersey Star-Ledger\u00a0<\/span><\/span><\/a>that legalization could be a $300 million boon to state coffers but that the biggest reasons for legalization would be for social justice purposes — overhauling old drug laws that disproportionately criminalized people of color.<\/span><\/div>\n
\n
\n
\n\"In<\/p>\n

\nIn this Friday, March 22, 2019 photo, Heather Randazzo, a grow employee at Compassionate Care Foundation’s medical marijuana dispensary, trims leaves off marijuana plants in the company’s grow house in Egg Harbor Township, New Jersey. A ballot initiative to legalize recreational cannabis is going before New Jersey voters this November. (AP Photo\/Julio Cortez)<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

\nHowever, legislative efforts to legalize failed to drum up enough support. Lawmakers\u00a0<\/span><\/span>ultimately decided<\/span><\/a>\u00a0<\/span>to go another route and put the measure before voters.<\/span><\/div>\n
\nIf approved,\u00a0<\/span><\/span>Public Question No. 1<\/span><\/a>\u00a0<\/span>would legalize cannabis for adults 21 and older. The program will be regulated by the same commission that oversees New Jersey’s medical cannabis businesses, and the recreational cannabis products would be subject to the state sales tax (currently 6.625%).<\/span><\/div>\n
\nBy initial estimates, New Jersey’s recreational cannabis market could be hefty. Marijuana Business Daily pegs annual sales between $850 million and $950 million by 2024 — but a successful initiative carries greater significance outside of New Jersey’s borders. The passage of recreational cannabis in New Jersey\u00a0<\/span><\/span>could accelerate legislative efforts<\/span><\/a>\u00a0<\/span>in neighboring New York and Pennsylvania.<\/span><\/div>\n

\nSouth Dakota<\/span><\/h3>\n<\/p>\n

\nUsually states have legal medical cannabis programs in place before adopting recreational cannabis laws.<\/span><\/p>\n

\nSouth Dakota could enact medical and recreational programs in one fell swoop.<\/span><\/p>\n

\nVoters in South Dakota will decide on<\/span>\u00a0<\/span>Measure 26<\/span><\/a>, which would establish a medical cannabis program and registration system for people with qualifying conditions, as well as on\u00a0<\/span><\/span>Amendment A<\/span><\/a>, which would legalize cannabis for all adults and require state legislators to adopt medical cannabis and hemp laws.<\/span><\/div>\n
\nThe\u00a0<\/span><\/span>South Dakota Legislative Research Council projected<\/span><\/a>\u00a0<\/span>that Amendment A could result in $29.3 million in tax revenue by the state’s 2024 fiscal year. Sales estimates were not yet available, according to the Marijuana Policy Project, which is assisting with the South Dakota campaign.<\/span><\/div>\n

\nMontana<\/span><\/h3>\n<\/p>\n

\nMontana voters also will see two cannabis initiatives on their ballots.<\/span><\/p>\n

\nBallot issue I-190<\/span><\/a>\u00a0<\/span>would allow adults in the state to possess, buy and use cannabis for recreational use. A separate initiative,\u00a0<\/span><\/span>CI-118<\/span><\/a>, would establish 21 as the legal age to purchase, possess and consume cannabis.<\/span><\/div>\n
\n

\nIf passed, I-190 would establish a 20% tax on recreational cannabis, with more than half of the tax collections landing in the state general fund and the rest allocated to programs such as enforcement, substance abuse treatment and veterans’ services. The measure also would allow people serving a sentence for certain cannabis-related acts to apply for resentencing or records expungement.<\/span><\/p>\n

\nAccording to\u00a0<\/span><\/span>a fiscal analysis<\/span><\/a>, the state expects recreational cannabis sales to total nearly $193 million in 2025, generating $38.5 million in tax revenue.<\/span><\/div>\n

\nMississippi<\/span><\/h3>\n<\/p>\n

\nIn Mississippi, there are two competing measures to legalize cannabis for medical purposes.<\/span><\/p>\n

\nInitiative 65<\/span><\/a>, which resulted from a citizen petition, would allow physicians to recommend medical cannabis for patients with any of 22 qualifying conditions such as cancer, multiple sclerosis and post-traumatic stress disorder. The constitutional amendment would establish a regulatory program for businesses to grow and sell medical cannabis and for the products to be taxed at a 7% rate.<\/span><\/div>\n
\nUnder Mississippi law, the legislature has the option to amend or draft an alternate measure, and that’s what it did here via Initiative 65A. The\u00a0<\/span><\/span>competing measure<\/span><\/a>\u00a0<\/span><\/strong>requires medical products that are of pharmaceutical quality, limits the smoking of medical cannabis to people who are terminally ill, and leaves the future creation of rules and a regulatory framework up to the legislature.<\/span><\/div>\n

\nOfficials from Marijuana Business Daily said that if Initiative 65 is passed, medical sales could total between $750 million to $800 million by 2024.<\/span><\/p>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

“We’ve seen public support continue to grow every year,” said Karen O’Keefe, director of state policies for the Marijuana Policy Project, the legalization advocacy group backing several of the measures. 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