MI voters legalize recreational marijuana

Marijuana legalization on the ballot in four states

Missouri voters approved one of the medical cannabis measures on the ballot. And they can give away (without payment) up to 2.5 ounces to a person over 21 as long as it's not advertised or promoted to the public.

Benzinga, which recently brought 600 investors to Toronto for the first-ever Cannabis Capital Conference, is hosting the Michigan Cannabis Business Roundtable at its Detroit headquarters Friday, Nov. 9.

Marijuana is illegal under federal law, though the Obama administration advised prosecutors against pursuing related cases in states that have passed legislation permitting the plant for medical or recreational purposes.

Exchange-traded funds that track marijuana stocks, including the Horizons Marijuana Life Sciences Index ETF in Toronto and the USA -listed ETFMG Alternative Harvest ETF, jumped to fresh highs on the news, gaining 7 per cent and 6.2 per cent respectively. The proposition bans smoking pot, however; instead patients can consume edibles, vape and use other means of consumption.

Under the measure, it will be regulated like alcohol and only be allowed to be used by people in the privacy of their own homes. The proposal passed by a 56-44 percent margin with 93 percent of precincts reporting.

Voters in 37 states considered an array of intriguing ballot measures. Both questions were non-binding, and both failed.

Nationwide, 66 percent of Americans now support the legalization of marijuana according to a recent poll from Gallup. Amendment 2 sets a marijuana tax of 4 percent, but doctors are allowed to recommend marijuana for any condition they see fit.

MI is one of only two states, the other being Alaska, where households are allowed to grow 12 marijuana plants.

Shares of cannabis stocks pared earlier gains after surging in early trading Wednesday, as three US states voted to loosen the use of recreational and medicinal marijuana amid growing optimism the country will soon pass measures to federally legalize pot.

In Missouri, voters will be asked to chose between three separate proposals legalizing medical marijuana to varying degrees.

"Thanks to the unflagging efforts of patients and advocates, Missourians who could benefit from medical marijuana will soon be able to use it without fear of being treated like criminals", said Matthew Schweich, deputy director of the pro-legalization Marijuana Policy Project. Voters in a number of Wisconsin localities, including the population centers of Madison and Milwaukee, overwhelmingly approved non-binding referenda calling for marijuana legalization, while voters approved decriminalization in five out of six OH cities where it was on the ballot, including Dayton.

Related news:

Hot News

isis-killer-beheading-video-story-top Election Day to test Democratic resistance in Trump era
Nov 07, 2018 - 00:41
Polling suggests the Republican coalition is increasingly older, whiter, more male and less likely to have a college degree. A nationwide poll released on Sunday by NBC News and The Wall Street Journal details the depth of the demographic shifts.

isis-killer-beheading-video-story-top Early unlock news] OnePlus shares details on 6T T-Mobile-version restrictions
Nov 06, 2018 - 17:50
A 16-megapixel camera can be found on the front of the device, and we're looking at a 25mm lens here with 1.0um pixel size. OnePlus 6T Thunder Purple variant could be launched soon, according to tipster Ishan Agarwal.

isis-killer-beheading-video-story-top Build the Perfect OVERWATCH Team, in LEGO
Nov 05, 2018 - 01:28
In addition to the levitating Snowball and the Genji Sword, Overwatch's heroes and environments have been adapted into LEGO form. When he arrives, he charges toward enemies and pops them into the sky while firing at them with arm cannons.

isis-killer-beheading-video-story-top Pres. Trump comments on allegedly false accusation against Justice Kavanaugh
Nov 05, 2018 - 01:10
Munro-Leighton contacted the committee in October claiming she wrote an anonymous letter accusing the judge of sexual misconduct. The Committee's investigation has involved communicating with numerous individuals claiming to have relevant information.

isis-killer-beheading-video-story-top Oprah, Pence visiting Georgia in deadlocked governor's race
Nov 04, 2018 - 19:16
Winfrey surprised local Georgia residents by knocking on their doors and canvassing. On Sunday morning, Abrams appeared on the political talkshows.

isis-killer-beheading-video-story-top Xi meets Pakistani prime minister
Nov 03, 2018 - 01:00
The statements evoked serious concerns in China as the CPEC is the flagship project of President Xi's pet multi-billion BRI. He said Pakistan faced a deficit of United States dollars 27 billion which included USD 9 billion debt repayment this year.

isis-killer-beheading-video-story-top Trump sending 5200 troops to border to stop caravans of migrants
Nov 02, 2018 - 00:58
Children of migrants wait for a ride near Tapanatepec, Mexico , as their caravan continues toward the US border, October 29, 2018. Mattis' authorization last week allowed the military to provide "mission-enhancing capabilities" to U.S.

isis-killer-beheading-video-story-top Prince Harry and Meghan Markle become godparents to kiwis
Nov 01, 2018 - 02:20
Clearly keen to get the duo's attention, one well-wisher handed Prime Minister Jacinda Ardern a ginormous floral arrangement. Scroll through to see all of the highlights - and watch out for the wellies.

isis-killer-beheading-video-story-top Red Dead Redemption 2 breaks another record for Rockstar
Nov 01, 2018 - 02:07
It should come as no surprise that, as an outlaw in Red Dead Redemption 2 , you come into the posession of many stolen items. Red Dead Redemption 2 is now a single-player only experience (with online to follow this November) only on Xbox One and PS4.

isis-killer-beheading-video-story-top Cops release first photos of Saudi sisters found duct-taped together
Nov 01, 2018 - 01:58
They were found with "no obvious signs of trauma", and were pronounced dead at the scene, according to New York City Police. Saudi Arabia's Consulate General in NY said in a statement that it had "appointed an attorney to follow the case closely".

isis-killer-beheading-video-story-top Mahrez dedicates victor to Leicester owner as City return to top
Oct 31, 2018 - 00:19
Instead, he gave Spurs credit for their style of play which the City boss believed put his players in a hard situation. You inspired me and I believed in you. "When he came into the dressing room, he touched everyone with his smile".

isis-killer-beheading-video-story-top Share sell-off moderates in Asia after rout on Wall Street
Oct 29, 2018 - 06:36
In a bright spot, chipmaker Intel gained 3.1 percent to $45.69 after it reported strong quarterly results and raised its outlook. Elsewhere in Asia, South Korea's Kospi fell 2 percent to 2,053.75 and the S&P ASX/200 dropped 2.2 percent to 5,701.80.

isis-killer-beheading-video-story-top Trump to announce border crackdown Tuesday
Oct 29, 2018 - 06:28
Police boarded buses and headed further down the highway, while migrants cheered and vowed to trek all the way to the USA border. It was not immediately clear if the new deployment would be comprised of active-duty troops or additional Guardsmen.

isis-killer-beheading-video-story-top China leads the way as worlds billionaires get even richer
Oct 29, 2018 - 05:41
It warned of lower economic growth in the United States and China if the trade war between the two countries escalates. In China, 106 people became billionaires in 2017 (though others dropped off the list from 2016).

isis-killer-beheading-video-story-top Tesla Shares Rise on Q3 Profit Beat
Oct 28, 2018 - 00:42
For Tesla , turning a profit was not its only notable achievement in the third quarter; it also stopped burning through its cash. Tesla's free cash flow was reported at $881 million during the past three-month period.