Midterm Elections Bring Greater Opportunities for Cannabis Entrepreneurs
This article was originally written for Viridian Sciences, developers of cannabis seed-to-sale and ERP software. The original article can be found here: Midterm Elections Bring Greater Opportunities for Cannabis Entrepreneurs
The 2018 midterm elections have come and gone leaving behind increased opportunities for cannabis entrepreneurs with three more states passing legalization initiatives and several unseated prohibitionists including governorships and congressional seats. And the day after the election, President Trump fired cannabis industry enemy number one, U.S. Attorney General Jeff Sessions.
The major news of the day was that although voters in North Dakota turned down a wildly unregulated initiative, a much more reasonable legalization measure passed in Michigan. Meanwhile in both Utah and Missouri voters passed medical initiatives.
The biggest opportunity advancement for cannabis entrepreneurs came in Michigan where 57 percent of voters approved an adult recreational use initiative. Strongly in favor of the measure is incoming Governor Rebecca Whitmer.
In Missouri, a constitutional amendment creating a medical marijuana program in the state passed with 64 percent in favor. Also, 53 percent of voters in Utah approved the medical initiative. However, Utah officials came to a compromise pre-election which includes oils but prohibits smokable and edible forms of cannabis.
Further shaking things up, every single one of the Republican House chairs who have been fighting progress on federal cannabis reform were swept away leaving behind a 32-seat gain (preliminary) by House Democrats. And the fact that Democrats led by Oregon Congressman Earl Blumenauer are already talking about a long-term plan to increase states’ protections and end federal prohibition is music to the ears of American cannabis entrepreneurs.
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