Today, on
4/20, a record 43% of Americans live in states where they can legally
ponder the fact that we're all just pieces of furniture when you really
think about it. For everyone else, it might not be much longer.
In their latest survey, Pew found that 60% of US adults now support legalized recreational and
medical use and an additional 31% back medical marijuana. We'll save
you a trip to the Calculator app: That leaves just 8% of adults who
oppose legalized marijuana.
With the public behind them, more politicians are backing legalization. This month, New Mexico became
the 17th state to allow recreational use. Even the traditionally
anti-pot South is cracking; starting in July, Virginia will allow adults
to watch Cats as it was meant to be consumed without breaking the law.
- States are also addressing
unjust outcomes from the war on drugs. New York, Illinois, and Vermont
are automatically expunging criminal records of some marijuana-related
charges, and other states will prioritize awarding licenses to
entrepreneurs from impacted communities.
Zoom out: North America's turning into the greenest continent in the world. Canada legalized recreational cannabis in 2018, and Mexico could follow soon.
Growing weed, growing pains
Making the
transition from the frisbee team's homemade brownies to
direct-to-consumer Botanical White Grapefruit gummies takes work.
Marijuana is still illegal under federal law and many banks are reluctant
to work with the industry, making it harder to access loans, secure
payment processing, and procure other financial services. And a lack of
federal standards has led to inconsistency around testing, labeling, and
marketing.
Legalization
can bring big economic opportunity: The US marijuana industry already
supports 300,000+ full-time jobs—more than the number of dentists in the
country. And in Q1, Illinois made more off cannabis taxes than it did
off liquor taxes.
But the pot
industry isn't a sure bet. Canada's legal market kicked off with an
investment boom, but today many cannabis businesses there are struggling due to tightly regulated distribution, restrictions on marketing, and less demand than expected.
Bottom line: "Legalization
will eventually win, and the vast majority of states, if not all, will
soon join the ranks of the legalizers," Vox writes.
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