After a very exciting midterm election, it looks like a few more states will have legal cannabis.
Permit retail sales of marijuana and edibles subject to a 10% tax, dedicated to implementation costs, clinical trials, schools, roads, and municipalities where marijuana businesses are located.
Michigan, which already had medical marijuana, became the first Midwestern state to fully legalize pot.
Voters in MI voted for Proposal 1, which legalizes recreational marijuana and regulates it like alcohol.
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There are now 10 states, along with Washington, D.C., that have legalized recreational marijuana.
A ballot measure in North Dakota would make it legal for residents 21 or older to grow, possess and use marijuana in whatever quantity they want.
In Missouri, voters will be asked to chose between three separate proposals legalizing medical marijuana to varying degrees.
The measure, which was endorsed by a national organization of black-owned businesses and a group of retired MI law enforcement officers, will create a state licensing system for marijuana businesses and allow cities and townships to restrict them.
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MI residents over 21 years old will soon be able to buy, possess, use, and grow marijuana.
Both Missouri and Utah were won handily by President Donald Trump in the 2016 general election, but Cowen analyst Vivien Azer says that support for marijuana is becoming more bipartisan. Support for medical marijuana is considerably higher: A Quinnipiac University poll conducted last April put it at 93 percent. Amendment 3 would allow doctors to prescribe weed, but would impose a 15-percent tax and ban home cultivation; and Proposition 3 would tax marijuana at 2 percent and set a list of qualifying conditions.
Internationally, the North American continent stands to be a global leader in the medicinal and recreational marijuana industry.
In Florida, 63 percent voted to pass a measure that restores voting rights to 1.5 million former convicts.
It's unclear if marijuana bills could get through the Republican-held Senate.
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