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Several States Could Legalize Cannabis Sales In 2020

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Several states could legalize cannabis sales in 2020 as marijuana industry eyes lucrative East Coast market

Published 2 hours ago | By Jeff Smith

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Up to a dozen states could legalize adult-use or medical marijuana in 2020 through their legislatures or ballot measures, although only about a handful will likely do so.

Much of the cannabis industry’s focus will hone in on a possible recreational marijuana domino effect along the East Coast, which could create billions of dollars in business opportunities.

Adult-use legalization efforts in New York and New Jersey stalled in 2019, but optimism has rekindled this year. Potential legalization activity runs from the Southwest to the Dakotas to the Deep South. Mississippi in particular has a business-friendly medical cannabis initiative that has qualified for the 2020 ballot.

Here are three factors to keep in mind as states address either recreational or medical legalization this year:

In the past, marijuana legalization has primarily occurred through the ballot box. But in a momentous development, Illinois legalized a projected $2 billion adult-use program through its Legislature in 2019. Expect that trend to amplify in 2020. “Increasingly, legalization is moving toward legislatures,” said Karen O’Keefe, director of state policies for the Marijuana Policy Project. “That’s the biggest shift.”

Source: https://mjbizdaily.com/several-states-could-legalize-cannabis-sales-2020/

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