Legalization of Cannabis Pending in Nine States

NEW YORK: Americans are more open minded about legalizations of Cannabis than ever before. A recent Gallup poll shows that about 60% of Americans support legal cannabis use. The surprising parts about this poll is the rising support for cannabis reform across all age groups. Take this into perspective and now you have nine states voting this November 8 on legalization of medical use, recreational use, or both depending on the state.

The states where recreational cannabis will be on the ballot are CaliforniaArizonaNevadaMaine and Massachusetts, while North DakotaArkansasMontana and Florida are considering medical marijuana legalization. California in particular is an interest to investors. According to Arcview Group, a company that links investors with cannabis companies, has shown the market for both recreational and medicinal marijuana is expected to reach a value of $22 billion by 2020 from the $7 billion it is today, if California says yes.

 

Alcohol Wholesalers Pushing For Recreational Marijuana Initiative

NEVADA:  Alcohol wholesalers play a crucial role in providing the Las Vegas economy with an important lubricant — and they have the political clout to match.

Now, many of those same companies are angling for a piece of what could be Nevada’s next big vice — recreational marijuana.

The 2016 ballot will feature a measure that would fully legalize marijuana. If passed, Nevada would join Colorado, Washington, Alaska and Oregon in allowing recreational pot.

In Nevada, liquor distributors have given a combined $87,500 to a campaign to pass the measure, according to the Center for Public Integrity.

Pot Web Site Puts $1 Million Into Possible California Initiative

CALIFORNIA:  A popular marijuana dispensary mapping website has contributed $1 million to a campaign committee for a possible November 2016 pot legalization ballot measure.

Irvine-based Weedmaps Media, LLC, which runs Weedmaps.com, put the money into the company-sponsored “Californians for Sensible Reform” to support a possible 2016 initiative.

What that measure will be remains unclear. Earlier this week, marijuana proponents filed two proposed measures to qualify for next year’s fall ballot, with possibly more to come.

The more substantive of the two, the “California Craft Cannabis Act,” was submitted by “cannabis freedom lawyers” Omar Figueroa and Heather L. Burke.

Dispensaries Shake Up Chances For Marijuana Legalization In Arizona In 2016

ARIZONA:  The chances of a successful marijuana-legalization initiative in Arizona for 2016 appear to have diminished due to fighting among two competing political groups.

As we reported on March 27, the Marijuana Policy Project of Arizona was surprised by the sudden launch of a competing 2016 campaign by their chairperson, Dr. Gina Berman.

A leaked online survey shows that a coalition of Arizona medical-marijuana dispensaries are backing Berman’s group.

California Marijuana Legalization Supporters Worry Video From Smokers Promising Hash Bars Will Hurt Campaign

CALIFORNIA:  A new online video could shape the early debate over legalizing pot in California, but some supporters fear it could backfire.

“This is an initiative to bring back hash bars all over California, all over the beaches and then beyond,” a man in the video said. “This is an initiative to help fund education and social services and to get all of the prisoners out of jail. Get them the (bleep) out of jail, that’s first on the list right there.”

It may not be the image that marijuana backers want for a 2016 ballot initiative, but it’s the first out of the gate.

“This video had its own target market, which is cannabis consumers. If we offended anyone, sorry. There is nothing in it that I can say is inaccurate,” said Michael Jolson of the California Cannabis Hemp Initiative.