CNBC’s “Scream Alley” crew discusses what’s next for cannabis shares as weed turns into legalized in extra states across the country with Vivien Azer of Cowen. For entry to live and exclusive video from CNBC subscribe to CNBC PRO:
Voters in four states on Tuesday greenlighted measures to legalize and tax leisure marijuana for adults.
Arizona, Montana, Unusual Jersey and South Dakota accumulate joined the 11 states which accumulate already legalized leisure pot.
Those other states are Alaska, California, Colorado, Illinois, Maine, Massachusetts, Michigan, Nevada, Oregon, Vermont and Washington boom.
Meanwhile, Washington, D.C., permits adults age 21 and over to grasp up to 2 oz of marijuana and enables for the switch of up to an ounce to a different adult — nonetheless you would perchance presumably be ready to soundless be arrested for selling it.
Voters additionally licensed measures for medicinal marijuana in Mississippi and South Dakota.
“Unusual Jersey legalized it, nonetheless so did deep-crimson South Dakota and Montana,” talked about Steve Hawkins, government director of the Marijuana Policy Project. “It reveals that no matter political ideology or occasion variations, American enhance cannabis legalization.”
It additionally helps that levying appropriate pot would possibly well also abet states give a boost to their coffers amid the contemporary financial downturn. It comes all the model down to their means to the tax, policy experts talked about.
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