Sunday, October 01, 2023 4:14:52 PM
Iris Dorbian
Contributor
I cover the business of cannabis.
Follow
3
Sep 29, 2023,09:24am EDT
Ohio highway sign with marijuana leaf
Ohio could be the next state to legalize adult-use marijuana.
According to multiple polls, most Ohioans are planning to vote for "Issue 2," a November ballot initiative that will legalize and regulate possession, home cultivation and retail sales for those ages 21 or older. The finding is not surprising given that most Ohioans support legalization in general. The polls only confirm the inevitable likelihood of legalization in Ohio.
In the most recent poll, which was commissioned by the Coalition to Regulate Marijuana Like Alcohol and conducted by FM3 Research, 55 percent said they “definitely” or “probably” will vote yes on the initiative, while about 34 percent “definitely” or “probably” will oppose it. Only about 11 percent were undecided. The survey polled 843 likely voters.
The ballot measure allows for the following:
Possession of up to 2.5 ounces of marijuana or 15 grams of marijuana extract by adults;
Ohioans could purchase marijuana at retail locations or grow up to 12 plants in a private residence (where at least two adults reside); and,
Retail cannabis products would be taxed at 10%.
Sales are anticipated to generate between $276.2 million to $403.6 million in annual cannabis tax dollars by the fifth year of sales. Towns can opt out of selling marijuana if most of its elected officials decide in favor of doing so.
Paul Armentano, deputy director of NORML, a Washington DC-based nonprofit that advocates for marijuana laws reform, said Ohioans' support for legalization did not surprise him.
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM