Newest Tweet links to here: Voters in NJ, Arizona, three other states legalize potential $2.5 billion-plus marijuana markets Published 7 hours ago | By Jeff Smith
The 2020 election was significant for a number of reasons:
• New Jersey voters legalized an adult-use market that Marijuana Business Daily projects could approach $1 billion in sales a year by 2024. That vote also will increase the pressure on neighboring states such as New York and Pennsylvania to legalize recreational cannabis. • Arizona voters legalized adult use four years after a narrow defeat. MJBizDaily projects the state will total $760 million in annual sales by 2024. • Marijuana legalization victories in Mississippi and South Dakota show that red states increasingly are embracing marijuana. The wide-open medical marijuana initiative passed in Mississippi also could influence other states in the Deep South, experts say. • South Dakota became the first state to legalize medical and adult-use marijuana at the same time.