The 2018 midterm elections in the United States are the next big test for the marijuana industry, fresh off a banner year that saw the legalization of cannabis in areas across North America.
Just last week, Mexico’s Supreme Court quashed a blanket ban on the recreational use of marijuana, while Canadian pot producers struggled to fill demand after the country opened the industry for business on Oct. 17.
In the U.S., Vermont joined a growing list of states allowing recreational use on July 1, Oklahoma voters overcame late opposition to overwhelmingly approve medical use in June and New York State health officials told Governor Andrew Cuomo this summer that “the positive effects of regulating an adult marijuana market in NYS outweigh the potential negative impacts.”
Barring a federal prohibition on cannabis and criticism from President Donald Trump’s attorney general, Jeff Sessions, nine states and the District of Columbia have OKed recreational marijuana use.
With the prospect of legal cannabis facing voters from Michigan to Missouri, advocates on both sides of the discussion are watching a number of ballot initiatives Tuesday, including full recreational use in two states. [Read more at CNBC]