Marijuana - Companies & Stocks

[Goodbuddy4863]

** Michigan is now the 10th state in the United States and Washington D.C. that has legalized pot, but marijuana is still illegal when it comes to federal agencies:

https://www.wxyz.com/news/political/proposal-1-passes-in-michigan-legalizing-recreational-marijuana-abc-projects

Anyone 21 and older living or visiting the state will be able to buy, possess and use marijuana and/or marijuana-infused edibles in the state. They can also grow up to 12 marijuana plants in their homes for personal use.

The restrictions on that include a 10-ounce limit for marijuana kept at home and anything over 2.5 ounces to be in a locked container.

There would also be a state licensing system through the Department of Licensing and Regulatory Affairs, which would cost the state millions of dollars to create. It would also be subject to a 10 percent excise tax for implementation costs, clinical trials, schools, roads and more.

According to a report from the non-partisan Senate Fiscal Agency, recreational marijuana could bring $262 million in tax revenue by 2023.

The plan would also change some marijuana-related crimes to civil infractions.