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Elections could stimulate US marijuana market and shake Congress – Colorado Springs, Colorado

Colorado Springs, Colorado 2020-10-25 16:17:24 –

Voters in four states from different parts of the country can accept a wide range of legal marijuana sales on election days, and how cannabis general acceptance can address geography, demographics, and deep political disparities in the country. It will wipe out if it is crossing.

The November 3 contests in New Jersey, Arizona, South Dakota, and Montana shaped the policies of these states, and the battle for control of Congress and the White House remains illegal for marijuana at the federal level. You may decide if.

Already, most Americans live in states where marijuana is somehow legal, and 11 have fully legalized adult drugs — Alaska, California, Oregon, Washington, Nevada, Colorado, Michigan, Illinois, Massachusetts, Maine, Vermont.It’s also legal in Washington DC

In the conservative Mississippi state, voters will consider competing voting proposals to legalize medical marijuana permitted in 33 states.

Nick Kovacevich, CEO of KushCo Holdings, which supplies the industry with packaging, arc hardware and solvents, called the election “monumental” to the future of marijuana.

New Jersey, in particular, is a cornerstone of the populous Northeastern United States and could lead to widespread legalization of New York and Pennsylvania, he said.

“It’s laying out the domino effect … it will unleash the largest area of ​​population behind the West Coast,” Kobasevic said.

The Cannabis Initiative attracts voters to polls that may affect other races, including the tough US Senate battle in Arizona.

In Colorado, one of the supporters of legal cannabis can lose its seat. Republican Senator Cory Gardner is struggling in an increasingly democratic state, and parts of the industry have lost confidence in their ability to get things done in Washington.

Despite widespread legalization in the state and most letting go approaches under President Donald Trump, Republican-controlled Senate has blocked cannabis reform, leaving marijuana illegal under federal law. Is the same class as heroin or LSD. As a result, major banks are discouraging transactions with the marijuana business, which was also excluded from the coronavirus relief package.

“Changes come to Washington, not from Washington,” said Steve Hawkins, Secretary-General of the Marijuana Policy Project. “The state has sent a clear message to the federal government that their members want to see the legalization of cannabis.”

Presidential elections can also affect federal marijuana policy, but this issue is largely forgotten in pandemics, health care, and campaigns dominated by the country’s injured economy.

Trump’s position remains somewhat uncertain. He said he tends to support bipartisan efforts to ease the US marijuana ban, but has not established a clear position on broader legalization. He has been appointed Attorney General who hates marijuana, but his administration has not begun cracking down on companies in states where cannabis is legal.

Joe Biden said he would decriminalize the use of marijuana, but not legalize it, but erased all previous convictions of cannabis use and ended his drug-only prison time. But advocates of legalization hatefully recall that he was a major Senate supporter of the 1994 crime bill and sent a flock of underage drug offenders to jail.

Even with long-standing questions about Biden, Democrats are clearly more welcoming to cannabis reform, especially its progressive wings. California’s vice presidential candidate and US Senator Kamala Harris said it was “wise” to legalize cannabis at the federal level.

Familiar discussions are taking place throughout the state.

Opponents fear that children will be tempted to use, roads will become drag strips for stone drivers, and widespread consumption will skyrocket medical costs.

Although often still thriving underground, these supporting legalizations point out that the market is already here and argue that product safety needs to be tested. Legitimate sales mean taxing education and other services, and after decades of enforcement during the war against drugs, social justice issues are also involved.

This year’s additional impetus could come from the virus-damaged economy. The state is tied to cash, and legalized cannabis indicates a potential tax plunge. One estimate in Arizona estimates that $ 255 million will flow to the state and local governments of Montana annually.

Despite pandemics and challenges, including heavy taxes and regulations, marijuana sales are increasing. Arcview Market Research / BDSA forecasts US sales to increase from $ 12.4 billion in 2019 to $ 16.3 billion this year.

In New Jersey, voters are considering a constitutional amendment to legalize the use of marijuana by people over the age of 21. Has gained widespread support in voter surveys. If approved, it is unknown when the store will open. The amendment also imposes a state sales tax on cannabis and adds local taxes to towns and cities.

Arizona’s measures, known as Proposal 207, allow people over the age of 21 to own up to 1 ounce of concentrate and sell it to licensed retailers, allowing people to grow their own plants. I can do it. Retail sales may start in May. State voters severely rejected previous legalization efforts in 2016.

With approval by Montana voters, sales will begin in 2022. The state of Montana passed the Medicinal Marijuana Act in 2004 and renewed it in 2016. Under the proposed law, only current medical marijuana business owners can apply for a license to grow and sell marijuana for a wider market. First year.

Perhaps no other state symbolizes a changing perspective than the solidly conservative South Dakota, which has some of the country’s strictest drug laws.

A sparsely populated state could be the first state to approve medicinal and adult marijuana at the same time. But legalizing the sale of a wide range of pots is a jump for states where legislators have recently fought for almost a year to legalize industrial hemp, a non-addicting cannabis plant.

Meanwhile, in Mississippi, a turmoil broke out after more than 100,000 registered voters petitioned to vote for Initiative 65. It will allow patients to treat debilitating conditions with medical marijuana, as certified by their doctor. However, legislators submit alternatives to ballots, and sponsors of the original proposal consider attempts to cut off their efforts.

Hawkins is one of those already looking to 2021 when new states, including New Mexico and New Mexico, may move towards legalization.

“There is a clear tide,” Hawkins said. “We are moving towards a critical mass state that will bring an end to the federal ban on cannabis.”

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