CNBC’s “Remark Alley” team discusses what’s next for cannabis shares as weed becomes legalized in more states across the country with Vivien Azer of Cowen. For rep entry to to are living and genuine video from CNBC subscribe to CNBC PRO:
Voters in four states on Tuesday greenlighted measures to legalize and tax recreational marijuana for adults.
Arizona, Montana, Unusual Jersey and South Dakota fetch joined the 11 states that fetch already legalized recreational pot.
These other states are Alaska, California, Colorado, Illinois, Maine, Massachusetts, Michigan, Nevada, Oregon, Vermont and Washington suppose.
Within the intervening time, Washington, D.C., permits adults age 21 and over to private as a lot as 2 ounces of marijuana and enables for the transfer of as a lot as an oz. to 1 other grownup — nevertheless you may additionally mute be arrested for promoting it.
Voters moreover accredited measures for medicinal marijuana in Mississippi and South Dakota.
“Unusual Jersey legalized it, nevertheless so did deep-purple South Dakota and Montana,” acknowledged Steve Hawkins, executive director of the Marijuana Policy Venture. “It reveals that no subject political ideology or birthday celebration variations, American strengthen cannabis legalization.”
It moreover helps that levying legal pot may additionally wait on states toughen their coffers amid the unusual economic downturn. It comes actual down to their formulation to the tax, policy experts acknowledged.
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