Cannabis Watch: Maryland votes to legalize recreational cannabis, and four more states could join it

by | Nov 8, 2022 | Stock Market

Voters in Maryland voted to legalize recreational cannabis use Tuesday, becoming the 20th state to make the move, and four more states could join it by the end of the night. Maryland voters were approving a constitutional amendment by a wide margin Tuesday evening — more than 65% of voters were on the pro-pot side with more than half of precincts reporting. The Associated Press called the race, predicting Maryland would become the 20th state in the U.S. to allow regulated sales of adult-use cannabis.

Maryland was the state most likely to green-light cannabis for adult use Tuesday, as 70% of voters have signaled support in polls, but four others were also voting on similar measures. Ballot measures in Missouri, Arkansas and North Dakota would establish a regulated retail trade for cannabis, while South Dakota voters were deciding whether adults should be allowed to possess or grow cannabis without considering retail sales. Also read: Cannabis earnings show legal U.S. weed sales flattening out as prices decline In early returns, the other four states were voting against those measures, however. In Missouri, 53.7% of Missouri voters were against legalization with about a quarter of precincts reporting; in Arkansas, 56.4% of voters were saying no with less than 10% of precincts reporting; in North Dakota, 56.8% of voters were denying legalization with about 35% of precin …

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