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Monday, 10/24/2016 7:01:02 AM

Monday, October 24, 2016 7:01:02 AM

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Here's What the Latest Polls Suggest in the 9 States Voting on Marijuana.

http://www.fool.com/investing/2016/10/23/heres-what-the-latest-polls-suggest-in-the-9-state.aspx


California
The crown jewel for the marijuana industry is California, which is on its own the eighth-largest economy in the world by GDP. If marijuana is legalized for recreational use, California could be looking at an additional $1 billion in annual tax revenue, and the marijuana industry would have a new pathway to rapid growth. Ironically, though, some of the biggest opposition within the state has come from cannabis growers.

Thus far, things are swaying toward approval for Prop 64. A late September poll from KPIX 5/Survey USA found that 52% of respondents favored Prop 64, compared to 41% who opposed the measure. A similar poll released on Sept. 12 from USC Dornsife/Los Angeles Times found 58% support for the measure.


Nevada
California might be the crown jewel of the marijuana movement, but Nevada was actually the first state to put marijuana on its 2016 ballot. Considering that Nevada has long-standing medical cannabis infrastructure in place, legalization seems to be more of a possibility than not -- and the latest polls would seem to concur.

A mid-September poll from KTNV and Rasmussen Reports shows that 53% of Nevadans supported the state's recreational marijuana law compared to just 39% who opposed it.