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Bythe end of 2023, marijuana retail sales are projected to grow significantly, reachingover $31 billion in annual salesand potentially reaching $50 billion in sales by the end of 2028. On April 11, the House passed the measure by a 127-19 tally. Cannabis is largely illegal in North Carolina. However, with the legislature still controlled by Republicans, the will of the slim majority may not be factored into the laws anytime soon. Flower cannot exceed 30-percent potency and home cultivation is prohibited. These five states may send a powerful message about 2024. But will Delaware legalized cannabis for medicinal use way back in 2011, although home cultivation is not allowed. Patients can still reportedly obtain medical permits with ease. High-CBD/low-THC cannabis is legal for medical use in Georgia, but dont let that fool you. In April 2021, Sen. Bill Rabon, one of the top Republicans in the state Senate, the Compassionate Care Act, which would have legalized cannabis for certain medicinal uses. We need to expunge all criminal convictions. .) In January 2023, adult-use sales began after the states Social Equity Council approved all medical operators for expansion into the adult-use market. After a recreational use bill made it through a state House committee in March 2021, a spokesperson stressed that Carneys position hasnt changed and that he still has concerns about legalization. South Dakota may be one of the most conservative states in the nation, but in November 2020 its residents voted in favor of an initiative to legalize cannabis for medicinal use and an initiative to legalize it recreationally. In 2021, Alaska added $28.9 million to the state general fund via cannabis excise taxes. The bill signed by the Governor is considered a middle-of-the-road between the two 2020 passed ballot initiatives. Its not that easy, though. The potency cap bill, Even if these issues get worked out, the states industry has faced criticism from climate activists: a 2021 study found that indoor grows in Colorado have more greenhouse-gas emissions than the, In February 2023, state officials began a program aimed at, among Colorado cultivators. But I dont think it will happen until we get a new governor. That Governor, Chris Sununu, remains in power. Still, with a two-year legislative window, there is hope that some of the 70 bills already filed this year could be revived before the sessions end in 2024. The Smart and Safe Campaign has collected almost a million signatures to get cannabis legalization on the ballot in November, provided the language is approved by the state supreme court. Colorado has also gotten critical things wrong (i.e., no social equity measures to speak of, resulting in an. For more information about running a successful cannabis business,contact Polston Taxtoday. Governor Pete Ricketts legalized sports betting and put it into law on May 25, 2021, although there is only in-person betting. As of early 2023,cannabis-relatedlegislation for both medicinal and recreational use has passedin numerous states. After almost making the ballot in 2020, advocates pushed for a medical ballot question in 2022, but the effort fell short by a few thousand signatures. Twenty-three states - along with Washington, D.C. and Guam - have acted to legalize recreational marijuana. The states cannabis-related arrest rate is perennially among the highest in the nation. New Years Day is cold in Illinois, but it didnt stop crowds of people in Mundelein from lining up for the first day of legal weed sales. Four bills have been introduced during the 2023 legislative session. In July 2021, residents received the right to grow up to four cannabis plants and legally possess an ounce of weed. "name": "" Big, multi-state cannabis companies are targeting Maine (brand names like Keef are already on dispensary shelves) leaving some to worry that the mom-and-pop legacy will be lost. LB 588s latest activity came in February, when a notice of hearing was announced for February 9, 2023. If it seems like a new state is legalizing cannabis nearly every week, dont worry, youre not high states are indeed allowing adult-use of the drug at an unprecedented pace. Virginia lawmakers pass bill legalizing marijuana, but not until 2024 Polling in recent years continues to suggest that two-thirds of voters support adult-use. As for recreational use, the Ohio Marijuana Legalization Initiative may appear on the November 2023 ballot as an indirectly initiated state statute. The measure that passed that November allowed for adults 21 and over to possess up to one ounce of cannabis, grow up to six plants, and provided an opportunity for people to have their criminal records expunged for certain cannabis-related crimes. In 2022, as part of an approved omnibus package, lawmakers green-lit production and purchase of edibles made with hemp-derived THC, imposing a 5 mg capwhich had many lawmakers wondering if theyd just passed adult use laws. At the start of 2021, 13 state legislatures had recreational legalization measures on the table. Legal Notices; Library; News; Offices & Services; Report a Bias Incident; University Police; . North Dakota 3. If there is anybody serving jail time for a marijuana conviction, get them out immediately. This March, new Governor Josh Shapiro (D) reignited the debate. In other instances, lawmakers and certain governors remain steadfast in their opposition to pot. That changed on March 31, 2023, when Kentucky became the 38th state to approve medical cannabis. Where Is Marijuana Legal? A Guide to Marijuana Legalization Additionally, as of 2023, hundreds of thousands of voters have signed a petition toput recreational use on the ballot, which made its way to Floridas Supreme Court. New Hampshire may be known as a libertarian bastion Live Free or Die, after all but the state has held firm on traditionally conservative notions of weed. In bracing supporters for the prospect of more indictments, Trump also joked that his "numbers will keep going up," which has happened in polls following his first two indictments. In 12 states and D.C., the ballot initiative process was used to legalize marijuana. The measure would not have an impact on federal tax rules. California voters approved Proposition 8 with 52% of the vote shortly after the state Supreme Court ruled same-sex marriages are legal, CNN previously reported. The Food and Drug Administration on Thursday approved a birth control pill to be sold without a prescription for the first time in the . The bill would also create thousands of jobs and hundreds of millions in tax revenue. "description": "Want to keep your cannabis business up to date with state regulations and taxes? Ballot measures are in various stages of circulating petitions for marijuana legalization measures in Arkansas, Idaho, Mississippi, Missouri, Nebraska and North Dakota. But I think any adult should be able to legally, safely, taxed and not label them a criminal. In June 2020, Governor Steve Sisolak pardoned over 15,000 people who had been convicted of cannabis-related offenses that are now legal. "@type": "", The November 2020 amendment received54% approval from votersin the general election, which was short-lived for the state because it was overturned by theSouth Dakota Supreme Court in 2022due to a lawsuit. House majority leader Ryan Winkler has spoken openly about thebill. Making the world smarter, happier, and richer. Wyoming is also the only state to make being under the influence of cannabis illegal. 1:50. Since then, the states conservative lawmakers, Initiative 190 and havent stopped since. 2024 Calendar In the past decade, 18 states have legalized cannabis for recreational use, which is still considered a Schedule I substance by the federal government. As a recap, lets review the complete list of all states that have fullylegalized the use of recreational marijuanaas of 2023: While many states are slowly getting on board with the benefits of legalizing recreational and medicinal marijuana use, several states continue to keep marijuana usefully illegal as of 2023, which include: As more and more states begin to legalize recreational weed, it seems as if marijuana becoming fully legal in the United States is only a matter of time. In August 2022, the state placed. With a five-percent THC cap on medical products, the state fails to meet most qualifications as a medical cannabis market. But rollout also came with some setbacks: dispensaries were slow to open, and getting product to remote parts of the state accessible. Tennessee Other States That Have Legalized Recreational Marijuana States That Continue to Reject Recreational Marijuana Use in 2023 Capitalizing on the Cannabis Industry Cost basis and return based on previous market day close. However, nothing passed from the effort. All long-term care residents and workers have received a first . Starting July 1, 2023, 60 to 75 percent excise tax revenue will go toward the Social Equity and Innovation Fund. In addition, Lieutenant Governor turned Senator John Fetterman has become a national, vocal advocate of legalization. The measure was tabled in March 2023, saving the industry in the minds of many legalization advocates. All the while, sales are falling, with 2022s. Only around 5,000 Iowans have medical cards, and patients are not permitted to use flower. It was not discussed by the House, killing the bills momentum in June 2022. The measure would not have an impact on federal tax rules. Introduced in March 2023, the measure would remove felony possession charges and instead levy $200 fines against offenders. Growers, processors, and dispensaries received licenses. Maybe a fourth time will be the charm? After almost making the ballot in 2020, advocates pushed for a medical ballot question in 2022, but the effort fell short by a few thousand signatures. Trulieve has already opened 30 dispensaries in Florida, which is a big reason it's a market share leader. But in 2016, when voters passed an adult-use legalization measure, the state made a crucial mistake: high taxes and expensive licenses discouraged existing retailers and customers to make the switch, and the established gray market just, well, stayed put. Meanwhile, Green Thumb's purchase of Integral Associates gives it ownership of the Essence brand of dispensaries in the Silver State. to be arrested for possession than white people. Missourians voted in 2018 to legalize cannabis for medicinal use. There are 36 states plus the District of Columbia where recreational and/or medical cannabis is legal. Search Query Show Search Several states that have rejected recreational marijuana use in the past, even recently, may continue to put this topic on the ballot. ", In 2022, Politico reported that over 155 million Americans lived in a legal cannabis state after the November 2022 Election Day results inching closer to 50 percent of the population. But old politics could still stall progress. Eventually it will get passed, one sponsor of the bill told Marijuana Moment. Medical marijuana is legal, and as of late May 2021, there were, patients in the state. (While the Senate approved, it failed in the House.) Yet progress may be on the horizon. Published Aug. 11, 2021 12:15 p.m. PDT. In January 2023, Sen. Anna Wishart (D) refiled a medical legalization bill from 2021, serving as one of three cannabis reform bills introduced this year. Maybe a fourth time will be the charm? To make the world smarter, happier, and richer. The results follow a 2021 poll that found 72 percent favored medicinal cannabis reform. 2022 State Legislatures | MultiState The numbers have dwindled in years, but not enough. If it does so this year, it may be available by early 2024. SB 3, or the NC Compassionate Care Act, is headed for a House vote. Following you'll find the 20 states (listed in alphabetical order) that this duo expects will have legalized adult-use cannabis by 2024. "https://polstontax.com/wp-content/uploads/2020/03/florida-legalization-of-marijuana.png", Cannabis Legalization News: The States That May Legalize in 2022 both the possession and cultivation of pot, was introduced in March 2021. A week earlier, he, decriminalizing possession. The dip in support still marks a majority support for reform in an oft-conservative state. Among other parameters proposed in the bill, SB 546 would have increased medical product taxes from 4 percent to 20 percent, and decreased home growers to just one mature plant. All 13 bills introduced during the 2023 legislative session remain in committee. President Joe Biden assembled his winning Electoral College majority in 2020 by . The hold up led lawmakers and Governor Lujan Grisham to sign, into law earlier this month. More recently, the state sent a surprise through many who expected a March 2023 adult use ballot initiative to pass with ease. It was not discussed by the House, killing the bills momentum in June 2022. However, little other progress has been made, with no cannabis measures passed in 2022. In early 2021, for example, Idahos Senate. "@type": "BlogPosting", In October 2022, Governor Gavin Newsoms office announced its task force had eradicated over 11,000 illegal plants, or roughly 5,200 pounds of pot, totaling more than $15 million in cannabis. As a result, the number of patients in the program grew to over 100,000 that year up from 67,000 the year before. As a result, over$25 million in excise taxeshave been collected on recreational marijuana in the last year. Of the three cannabis-related bills introduced during the 2023 session, just one has passed so far. Earlier this year, some were optimistic that HB 1420, which passed the House, might bring full legalization, but the Senate, just weeks later. Despite its reputation as a liberal state, Massachusetts legislation can often feel stuck in the past you cant buy booze before noon on Sundays, and tattooing was illegal until 2000. In March 2021, New York became the 15th state to legalize cannabis for recreational use, passing some of the most progressive legislation in the nation. (The program has been, , with equity and non-equity ventures alike applying to operate within a few blocks from one another. A two-year license freeze went into place in August 2022. Medical patients can go to one of four dispensaries in the state. The effort didnt work, but Davis continues to champion medical reform. within 18 months of the first adult use sales taking place, which happened in late December so we can probably expect that sometime in 2024. Although all marijuana use is still illegal under federal law, 35 states now will allow medical use, and 15 of those states and Washington, D.C., also will allow recreational use. , in 2023. It doesnt look like theres much chance the states Republican-controlled legislature is going to expand the program, either, even though a Des Moines Register poll released in March 2021 found that a whopping 78 percent of residents are in favor of it. Illinois is set to commence legal weed sales in just over three months, with Michigan and Vermont not too far behind. A year later, they changed it to allow qualifying patients to bring products in from other states (which is, of course, also against the law) and in 2015 modified it again to specify those products had to be extremely low-THC essentially just CBD products. Hopes are that legalization could come with a legalization-friendly governor, Josh Green, M.D., in office as of last December. The former president faces charges of illegally retaining classified documents. In April 2021, Sen. Tom Davis, to hold all other legislation hostage if his colleagues tried to block his medicinal bill. If the wave of green legislation is slowing to some degree now, thats only because so many states have already taken action. Sales began in February 2023, with sales booming early. If Florida remains devoted solely to medical marijuana, it would also be considered a boost to Trulieve Cannabis (TCNNF -4.47%), a multistate dispensary operator that's devoted a lot of its attention to its home market. { Cannabis legalization updates: more states move to free the plant The 100 Greatest TV Shows of All Time. Already, though, some in the state which has had a medical program since 1999, reliant mostly on small growers worry that change is happening too fast. Medical legalization efforts have continued to stall. But after the first dispensary opened its doors in 2016, things picked up Anchorage, home to 40 percent of the states population, had $9 million in pot sales in 2020, a 25-percent increase from 2019. Even then, patients were only allowed tinctures for a limited number of conditions. Meanwhile, the state sold a record number of cannabis in 2022, totaling more than $1.5 billion. Back in 2010, then-Governor John Corzine signed medical marijuana into law, but when Republican succeeding Governor Chris Christie came into office the following year, he stymied the initiative, keeping the list of conditions short and the barrier for entry high. As of November 2022, more than 225 retail dispensaries had opened across the state. But I think any adult should be able to legally, safely, taxed and not label them a criminal. Nearly 21,500 arrests were made in 2021, according to the National Incident-Based Reporting System (NIBRS) and FBI data. If approved, chronic pain would be added to the list of qualifying conditions, and THC caps would be replaced by a 10 mg dosage. In January 2021, Democrats introduced legislation for recreational weed. Reform attempts have been underway for some time. In 2022, the state set a new sales record for medical cannabis, generating over $273 million, according to the. Consequently, the laws surrounding legal cannabis are a work in progress. "@id": "https://polstontax.com/8-states-that-may-legalize-marijuana/" In October 2020, Governor Gretchen Whitmer was able to, that allows residents with low-level cannabis convictions to have their records expunged. It also calls for the State Legislature to put revenue from marijuana sales toward financial support initiatives for individuals in Impact Zones communities disproportionally affected by the War on Drugs. Under the law, adults 21 and over can take part, purchasing up to three ounces per transaction. Virginia lawmakers pass legislation that would legalize marijuana in 2024 Though the legal market hit. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. New Effort Underway to Legalize Recreational Marijuana in Florida The hold up led lawmakers and Governor Lujan Grisham to sign HB 314 into law earlier this month. However, 2023 could be a pivotal year for the movement, as several states are considering or expected to pass bills to legalize adult-use or medical cannabis. After making it onto the ballot, voters approved Amendment 3 on Election Day 2022, passing by a 53-percent margin. However, they may keep a larger supply at home. If youre a budding entrepreneur coming up in the cannabis business, youll want to learn everything you can about 280E and more. In August 2022, a federal appeals court ruled that the states non-resident business prohibition, . Adults 21 and over are allowed to possess up to one ounce of flower and eight grams of THC concentrate, and four plants per individual (max eight per household) may be cultivated at home. Here are the states to keep an eye out for this year. Efforts have been made but continue to hit roadblocks. Known as the Show Me state, Missouri showed peopleits stance when itmade medical marijuanalegal back in 2018. In addition to already limitive legalization, somemembers of the Florida state legislature are attempting torestrictthe amount of THCpermitted in Floridas medicinal cannabis, which affects the plants potency. by a Senate committee, one to increase the decriminalization threshold from three grams to an ounce, and one to legalize cannabis for adult use. But after voters approved 2022s constitutional amendment Question 4, lawmakers were on the hook for passing adult-use reform. Virginia marijuana: Lawmakers vote to legalize pot in 2024 - USA TODAY to write cannabis prohibition into the State Constitution, which would have effectively prevented residents from voting to legalize it. Introduced in March 2023, the measure would remove felony possession charges and instead levy $200 fines against offenders. , or the NC Compassionate Care Act, is headed for a House vote. As of 2023, the recreational use of marijuana isstill illegal in Texas. Published: 7:04 PM CST November 9, 2022 Updated: 7:24 PM CST November 9, 2022 LITTLE ROCK, Ark On Tuesday night, voters decided against passing Issue Four to legalize recreational marijuana,. In June 2021, Connecticuts legislature passed a bill to legalize cannabis for recreational use, allowing adults 21 and over to possess up to 1.5 ounces of cannabis. AlthoughMissouri legalizedmarijuana, peoplehad to remainaware of laws about traveling with recreational marijuana. retail dispensaries had opened across the state. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Nevada is also beginning to make strides on the restorative justice front. the measure. Texas does allow for the medicinal use of low-THC products, but only for a narrow set of intractable conditions. Most notably, Cresco Labs (CRLBF -5.88%) is in the process of acquiring Origin House in an all-stock deal. The MRTA also includes a host of restorative justice provisions, including the automatic expungement of records for those convicted of low-level offenses and ear-marking tax revenue for a community reinvestment fund. That doesnt mean the wave will stop. Though Utah has legalized medical weed, it was a hard road getting there and it ended in a more conservative bill than advocates had hoped. Our experience in Washington has been uniformly positive on any way you score this from a reduction of unnecessary law enforcement and criminal activity that really wasnt benefiting our community, on creating jobs in a new industry, on giving people more freedom in their personal decision making with no demonstrable, horrendous health impacts, he, . Legislative efforts have been taken in 2022 and 2023 to change the medical program. The rider was once again included in the 2022 budget. Nevada legalized cannabis for recreational use through a ballot measure back in 2016, with sales starting the following year. Maybe the biggest surprise of the State of the Legal Cannabis Markets report is that Arcview and BDS don't see Florida as one of the next states to legalize recreational marijuana. Virginia lawmakers approved a bill Saturday that would legalize the sale and recreational use of marijuana but . Arkansas Department of Finance and Administration. Democratic Governor Tony Evers has pushed for full legalization, but the largely conservative state legislature, so far, hasnt been having it. Things arent going great for pot in Tennessee. The bill allows people 21 and over to self-certify as patients, essentially skirting the adult use laws while eliminating the need for a doctors confirmation. Alaska was one of the first states to allow medical, , legalizing in 1998 but the measure didnt allow for sales, so it wasnt much of a program. Colorado Colorado voters could have the chance next year to vote on legalizing possession and personal cultivation of psychedelics, and creating a system of licensed businesses to produce psilocybin, DMT, ibogaine and mescaline for supervised use at "healing centers." Despite its attempts, the states cannabis market remains scrutinized over its lack of equitable license holders. Connecticut has maintained a medical marijuana system for nearly a decade, with roughly 47,000 patients currently enrolled in the program for a wide range of reasons. The result was one of the most progressive legalization plans of its time when it was signed in 2019. Some have speculated that then-Governor Andrew Cuomo agreed to some of the measures hed resisted in the past because of the rash of sexual assault allegations he was facing. Possession of up to 2.5 ounces and 15 grams of THC concentrate, and the cultivation of up to 12 plants, is legal for adults 21 and over. (The number held firm in 2023, when a Meredith College poll resulted in the same figure.) By focusing on its brands and keeping its expenses close to the vest, Trulieve is one of a very select few pot stocks that's already profitable on a recurring basis. In New Jersey, all 40 state senate seats and 80 assembly seats were up for election, while only the 100 house seats were up in Virginia. The results follow a 2021 poll that found 72 percent favored medicinal cannabis reform. Half of the available business licenses were earmarked for social equity applicants, with the first social equity joint venture, Fine Fettle, opening the following month. That changed on March 31, 2023, when Kentucky became the 38th state to approve medical cannabis. Even if these issues get worked out, the states industry has faced criticism from climate activists: a 2021 study found that indoor grows in Colorado have more greenhouse-gas emissions than the states coal industry. WASHINGTON . in his annual budget request. Marijuana laws and ballot measures in the United States 'Sound Of Freedom' Is a Superhero Movie for Dads With Brainworms. Since our last update two years ago, numerous states have passed recreational or medical laws. South Dakota 5. Earlier this year, some were optimistic that HB 1420, which passed the House, might bring full legalization, but the Senate shut that plan down just weeks later. The state has collected, since the launch of the market, according to the Colorado Department of Revenue. In a Facebook post published . If you are one of these people, you could benefit from afree consultationwith Polston Tax Resolution & Accounting. polled support adult-use legalization. The dip in support still marks a majority support for reform in an oft-conservative state. But this November, South Dakota will be the first U.S. state to vote on adult-use cannabis and medical cannabis in the same year. Market-beating stocks from our award-winning analyst team. Neither were successful. In 2023, Senate Joint Resolution 101, which would have increased voter-signature requirements for ballot initiatives, was ultimately shot down in the House. , which is governed by federal law proved difficult. The initiative needs more than 891,000 signatures and a state Supreme Court review of the measures language before qualifying for next years ballot. The sale of recreational marijuana became legal in New Mexicoon April 1, 2022, allowing New Mexican adults 21 and older to make retail cannabis purchases. Adults over 21 are able to possess up to an ounce of flower and 3.5 grams of concentrate. The map below shows where marijuana is legal as of 2023: Three states - Idaho, Nebraska, and Kansas - have no public program at all, according to the National Conference of State Legislatures. West Virginia had three bills introduced in the 2021 session two to legalize pot, and one to decriminalize it. In 2022, the Republican majorityblocked legalization in the Senate. Legalization was coming, but if it didnt address that history, it was not going to get anywhere. If there is anybody serving jail time for a marijuana conviction, get them out immediately. This March, new Governor Josh Shapiro (D) reignited the debate, calling for legalization in his annual budget request. In April 2023, the state Senate passed a bill prohibiting police from searching cars due to the smell of cannabis.