Recreational Marijuana Use Just Got Legalized In A Bunch More Places

[boutons_deux]

Yesterday, voters in nine states voted on ballot initiatives related to marijuana — decriminalizing it, regulating it, taxing it, or legalizing for either medical or recreational marijuana use. So who voted yay, dude, and who voted nay?

Overall, there were a lot more approved measures than defeated, with one very close contest still ongoing as of Wednesday morning.

Arizona: Voters said NO to Proposition 205, which would have legalized the recreational use and ownership of marijuana by adults ages 21 and over.

Arkansas: Voters said YES to Issue 6, which proposed to amend the state cons ution to legalize medical use of marijuana for 17 specific health conditions, create a state commission, and set up a taxation scheme for it. The vote supports enacting the law, which would permit sales beginning March 1, 2018.

California: Voters said YES to Proposition 64, which legalizes the use of recreational marijuana for adults ages 21 and over, and establishes a regulatory body, licensing criteria, and taxation scheme for cultivation and sales. The yes votes supports the law, most provisions of which would start on January 1, 2018.

Florida: Voters said YES to Amendment 2, which will expand the state’s medical marijuana laws to explicitly allow doctors to prescribe marijuana as a treatment for patients suffering from a broader range of illnesses and conditions than currently.

Maine: As of 10:30 a.m. on Wednesday, Question 1 is still UNDECIDED. The initiative proposes to legalize recreational marijuana use and ownership up to 2 1/2 oz for residents ages 21 and up, and would create a regulatory and taxation scheme under which recreational marijuana could be sold and used in the state. We’ll keep an eye on these results and update this post when we get more information.

Massachusetts: Voters said YES to Question 4, which legalizes recreational use and ownership of marijuana in certain amounts (1 oz in public, 10 oz at home) and creates a commission to tax and regulate it similarly to state regulation of alcohol. It’s slated to take effect in December.

Montana: Voters said YES to Initiative 182, the Montana Medical Marijuana Initiative, which proposed to repeal the existing three-patient limit on medical marijuana providers in the state and will permit more physicians to prescribe marijuana to more patients. The issue will now be referred to the state legislature to take up and create law on.

Nevada: Voters said YES to Question 2, which proposed to legalize the recreational use of marijuana in the amount of one ounce or less, for adults ages 21 and over. The proposal will now go on to the state legislature to consider making law.

North Dakota: Voters said YES to Initiated Statutory Measure No. 5, which legalizes strictly regulated medicinal use of marijuana. Qualified patients could purchase amounts up to 3 oz or, if living more than 40 miles from the nearest registered dispensary, grow small amounts legally at home

https://consumerist.com/2016/11/09/recreational-marijuana-use-just-got-legalized-in-a-bunch-more-places/

At the Federal level, BigPharma and BigAlcohol control national marijuana policy, so no change there.

[baseline bum]

This only worked because the Obama DOJ decided not to prosecute. I don't see Pence letting that happen.

[boutons_deux]

This only worked because the Obama DOJ decided not to prosecute. I don't see Pence letting that happen.

Pence won't run DoJ, probably Julie Annie or some other law-and-order (aka lock up the knitters and browns) monster will.

mj operators still can't bank, must deal only in cash, per Federal law.

[Chinook]

I hope you live in one of those places. Gotta have something for the pain.

[boutons_deux]

Marijuana Industry Fears Jeff Sessions

a national law that would legalize pot use across the entire nation could be blocked. Jeff Sessions, the Trump nominee for Attorney General, is against the legalization of a substance still banned for recreational use in most states.

KIND Financial creates compliance software for the cannabis industry. The reaction of its CEO, David Dineberg, is typical among those in the sector. He commented:

“Jeff Sessions is no friend of the legal cannabis movement and there is really no way to spin the nomination in a positive light. The industry was hoping to avoid Chris Christie as Attorney General because of his lack of support; now, I am pretty sure this is no better and maybe worse.”

http://247wallst.com/investing/2016/...F7+Wall+St.%29