CNBC’s “Whisper Alley” crew discusses what’s next for cannabis stocks as weed turns into legalized in extra states across the country with Vivien Azer of Cowen. For rating admission to to are living and uncommon 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, Contemporary Jersey and South Dakota have joined the 11 states that have already legalized leisure pot.
Those diversified states are Alaska, California, Colorado, Illinois, Maine, Massachusetts, Michigan, Nevada, Oregon, Vermont and Washington sing.
Meanwhile, Washington, D.C., permits adults age 21 and over to have as much as 2 ounces of marijuana and enables for the switch of as much as an oz.. to one other adult — but it is probably you’ll well light be arrested for selling it.
Voters also accredited measures for medicinal marijuana in Mississippi and South Dakota.
“Contemporary Jersey legalized it, but so did deep-crimson South Dakota and Montana,” said Steve Hawkins, govt director of the Marijuana Coverage Project. “It reveals that no topic political ideology or celebration variations, American strengthen cannabis legalization.”
It also helps that levying beautiful pot may perchance perchance abet states enhance their coffers amid the present economic downturn. It comes all of the draw down to their draw to the tax, protection consultants said.
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