Albert Labs announces Strategic Investment from Cantheon Capital LLC for First In-Human TrialsMindMed Reports Full Year 2022 Financial Results and Business HighlightsCybin to Participate in the Oppenheimer 33rd Annual Healthcare ConferenceNuminus to Participate in the Sequire Cannabis & Psychedelics Conference on Wednesday, April 5, 2023Braxia Scientific Provides Update on Proposed Irwin Transaction; Company Retains Strategic Clinical Assets and Ketamine Numinus Announces Four Peer-Reviewed Publications from its Chief Clinical Officer in 2023Irwin Naturals Signs Letter of Intent to Acquire Braxia ScientificNuminus Wellness Inc. Reports Q1 2023 ResultsIrwin Naturals and Braxia Scientific Announce Partnership for In-Human Clinical Studies Supporting Pharmaceutical CompanNuminus Develops Mushroom Tea for Use in Psychedelic ResearchIs the Psychedelic Sector Poised for a Comeback?!?PSYC + Nucleus Form New Partnership to Develop and Launch Psychedelic FinderWhat You Need to Know About Numinus Wellness…Numinus provides update on acquisition integration and announces new client financing optionsPSYC Corp’s Psychedelic Spotlight Surpasses One Million Page Views for Fourth Consecutive MonthNuminus to Participate in the H.C. Wainwright 24th Annual Global Investment Conference on September 12-14, 2022The Psychedelic Sector is Quietly Outperforming the S&P 500PSYC Completes and Publishes 2021 Audited Financials; Will Begin Audit of Q1 & Q2 2022Numinus to Participate in the H.C. Wainwright 24th Annual Global Investment Conference on September 12-14, 2022PSYC’s Bonfire Platform Development Progresses; Will Host Free Virtual Community Event on August 29th
Back

Eight States, 141 Electoral Votes, One Election

Jul 27, 2015 • 5:12 PM EDT
1246.png
3 MIN READ  •  By Michael Berger
Share Share - Facebook Share - Twitter

The 2016 presidential election is not too far away and one topic in particular is expected to generate significant attention during the race. That topic is marijuana. The marijuana industry has made significant strides over the last two years and this trend is expected to continue for years to come.

Currently, 40 states have legalized some form of marijuana and a number of these states are critical swing states that are crucial to winning the election. The marijuana issue may still be in its infancy, but the 2016 election will serve as a catalyst for it legalization.

Republican millennials want marijuana to be legal

A poll conducted by the Pew Research Center found that 63% of Republican millennials feel that the use of marijuana should be legal. Support among Democratic millennials was even higher, at 77%. The millennial age group is the only age group of Republicans that favor legal marijuana, while every Democratic age group favored its legalization.

The poll found that 59% of democrats and 58% of independents support marijuana legalization. Only 39% of republicans said that they are in favor of marijuana legalization. This is actually the highest it has ever been for the GOP.

Marijuana is on the 2016 ballot in a number of swing states

Marijuana legality remains a potent issue in key electoral states, which guarantees that the candidates will be drawn into the debate. The presence of a marijuana initiative on any state ballot will also result in a significant increase in voter turnout.

At least 20 ballot initiative efforts in eight states are already gathering attention in their push for legal medical and/or recreational marijuana. The states that are working to place a marijuana initiative on the ballot include Arizona, California, Florida, Maine, Massachusetts, Michigan, Missouri, and Nevada. These states account for 171 electoral votes!

  • Arizona: Campaign to Regulate Marijuana Like Alcohol (RegulateAZ) will legalize the possession of an ounce of flowers and 5 grams of concentrates, home cultivation of six mature plants per adult and a max of 12 per household.
  • California: The California has nine proposed initiatives for the 2016 ballot. The reforms range from unlimited legal possession to permitting a 500 square foot garden.
  • Florida: People United for Medical Marijuana (PUFMM) and the United for Care Campaign are working to include a constitutional amendment on the ballot that legalizes medical marijuana.
  • Maine: Legalize Maine will legalize possession of 2.5 ounces and cultivation of 6 mature plants, 12 immature plants, and unlimited seedlings. Campaign to Regulate Marijuana Like Alcohol (RegulateME) will legalize possession of one ounce and the cultivation of six plants. The proposal is backed by the Marijuana Policy Project.
  • Massachusetts: Campaign to Regulate Marijuana Like Alcohol (RegulateMA) is backed by the Marijuana Policy Project, but they have not disclosed any details of their initiative.
  • Michigan: Comprehensive Cannabis Law Reform Initiative Committee (MILegalize) will allow for the cultivation of 12 plants over 12″ tall and unlimited plants under 12″.
  • Missouri: Show-Me Cannabis will legalize the possession of one ounce of extracts, 12 ounces of flower, 16 ounces of edibles, 20 ounces of liquids, and the cultivation of six marijuana plants. It will establish a medical marijuana program and a commercial marijuana market. It will also provide a path for expungement of past marijuana criminal records.
  • Nevada: Regulate Marijuana Like Alcohol (RegulateNV) is already approved to be on the ballot. 

 

http://www.huffingtonpost.com/russ-belville/there-are-more-marijuana-_b_7867726.html

 

Share Share - Facebook Share - Twitter

Tags

Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Mushroomstocks.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.

Comments

Top Stories

Get the Latest Cannabis News & Stock Picks.

Enter your email below to join the official Mushroomstocks newsletter.

 All good -- no spamming here.

The psychedelics sector is starting to take off as smart money begins to position itself across the industry.

Stay updated with all latest updates,upcoming events & much more.
Subscribe
SUBSCRIBE NOW
close-link