Marijuana expands into three more states

Desiree Hennessy center attends to her adopted son Hestevan who has Cerebral Palsy and suffers from chronic nerve pain seizure disorder during the Utah Patients Coalition news conference in Salt Lake City. Ut

Tilray Inc. saw the biggest surge, climbing as much as 25 per cent in its biggest gain since September 19, when the stock nearly doubled before giving back most of the gains in a wild ride for investors. Canada last month became the first industrialized country to legalize recreational cannabis. "With such overwhelming public support for marijuana legalization, even including majorities of Republicans and older Americans, there's only so long that the federal government can continue to hold out".

JZSNearly one-quarter of Americans now live in a jurisdiction that has legalized recreational use.

"He was the biggest foe in the administration", said Ken Shea, an analyst at Bloomberg Intelligence.

In that election, 63 percent of MI voters approved medical marijuana, making it the 13th state to legalize medical cannabis. The Democrats' House of Representatives win was also thought to be a positive catalyst for stocks, making legal reform more likely.

More than half of likely voters support the measure, according to recent polling, and MI would become the first state in the Midwest to legalize recreational marijuana if the measure succeeds. The only loss for weed came in North Dakota, where voters approved medical marijuana two years ago but weren't ready to take the next step this year. The total legal United States market is expected to hit about $11 billion in sales in 2018. The initiative allows for the possession of up to 2.5 ounces, or up to 10 ounces at a private residence, for those 21 and older.

Opponents say legalizing marijuana would lead to increased use by children, drug abuse and vehicle crashes.

"There is near-universal support in the USA for providing seriously ill patients with legal access to medical cannabis". In the United States, meanwhile, the steady creep of legalization has companies buying up licenses and expanding operations.

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One example of a possible timeline for MI comes from Colorado: Voters approved recreational marijuana in November 2012, but it didn't officially become legal to sell until 2014. Missouri became the latest state to allow medical use, while a proposition in Utah also appeared poised to pass after Tuesday's vote.

In this way, Utah and Missouri joined a list that now includes 33 states where medical marijuana is legal.

"Thanks to the unflagging efforts of patients and advocates, Missourians who could benefit from medical marijuana will soon be able to use it without fear of being treated like criminals", said Matthew Sweich, deputy director of the Marijuana Policy Project. And research from Washington State University found that police in Washington and Colorado are solving crimes faster than their peers in states without marijuana legalization.

Marijuana remains illegal under US federal law, which has presented roadblocks to businesses.

Impactful congressional and gubernatorial races weren't the only items on the midterm ballots.

Drug reformers pronounced themselves pleased with the results and pressed for federal action to end marijuana prohibition.

"You go to roadshows to some of these cannabis companies and their new executives are coming from impressive places", he said. "At some point they'll realize we're falling behind".

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