Cannabis Watch: Maryland votes to legalize recreational cannabis, while 2 states reject measures

by | Nov 9, 2022 | Stock Market

Voters in Maryland voted to legalize recreational cannabis use Tuesday, becoming the 20th state to make the move. Missouri voters approved legalization too, but legalization was rejected in at least two states. Maryland voters approved a constitutional amendment by a wide margin Tuesday evening — more than 65% of voters were on the pro-pot side with 97% 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. Missouri voters also approved a legalization measure, with 53% voter approval with 89% of precincts reporting.

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 have established 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 Arkansas, a legalization proposal was rejected, with 56.1% of voters opposing, with 86% of precincts reporting; in Nort …

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