08 November, 2018
Senator Elizabeth Warren, who is widely expected to run for the Democratic presidential nomination in 2020, introduced a bipartisan bill in August that would amend the Controlled Substances Act to allow cannabis companies in states where marijuana is legal to open accounts at federally regulated financial institutions and remain exempt from federal persecution.
A similar measure was defeated in North Dakota, meaning there are now 10 states - including Colorado, which was the first - that allow recreational use of pot. "If there's going to be an economic benefit to legalize marijuana, I want it to be in MI".
The law will likely take effect after the Board of Canvassers verify votes in December. At that point, using and possessing marijuana will be legal, but, like MA, it could take a couple years to establish a system for retail businesses.
MI voters legalized recreational marijuana use for residents over the age of 21 with retail sales of the product subject to a 10 percent tax.
"To pass this initiative and create a legal medical marijuana program in Utah, it's as jarring as seeing Mother Teresa show up at a casino", said Hadley Ford, chief executive officer at iAnthus Capital, in an email to BNN Bloomberg. The proposal passed by a 56-44 percent margin with 93 percent of precincts reporting.
In Utah, the ballots included Proposition 2, the Medical Marijuana Initiative.
Instead of one ballot initiative to legalize marijuana, there were three - each with different marijuana sales tax percentages and allocating that tax revenue to different locations. Canada last month became the first industrialized country to legalize recreational cannabis.
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As of early Wednesday morning, 67 percent of voters had approved the proposal. The number of states that have legalized recreational marijuana rose from nine to 10, and the number allowing medical use rose from 31 to 33.
Matthew Abel, an attorney with the Cannabis Counsel in Detroit, says there is still work to be done on marijuana laws in the state.
People in Colorado voted to remove language in the state constitution allowing slavery and involuntary servitude to be used to punish a crime.
That means your city, or village or township, can decide not to allow the sale of recreational marijuana. On a more municipal level, voters in various cities across OH weighed questions related to decriminalization and minimizing punishments so that possession is treated like a traffic ticket instead of a misdemeanor.
In Wisconsin, voters in some areas were asked non-binding referendums on cannabis, and ultimately voted in favor of ending marijuana prohibition.
This could change depending on how the final law is written, but it's what voters approved on Tuesday.