The legalization of recreational marijuana may not be sparking too much of a debate compared to medicinal marijuana. But if there is one thing that Oregon, Washington, Colorado, Alaska, and Washington DC have learned about recreational marijuana, it is that it provides huge business opportunities.
The tax revenues give a glimpse of how much business has taken off since recreational marijuana was legalized in these places. Colorado generated $53 million in taxes from recreational weed, while Washington had a total of $70 million in marijuana tax revenue during the first 12 months of implementation.
That is why many states are looking into the business of recreational marijuana, and that includes Ohio. Voters will be casting their ballots this November to determine if it will be the fifth state to make the use of weed for pleasure purposes legal.
More than 320,000 signatures have already been collected by ResponsibleOhio, a group that aims to put a marijuana legalization proposal in the upcoming ballot through a signature campaign. The current figures are already more than enough than what is required by law.
According to the proposal, adults aged 21 and up can purchase up to one ounce of pot. Furthermore, licensed growers would be allowed to have four plants and eight ounces of weed—pretty much the same stipulations found in other recreational-legal states.
But one crucial difference about Ohio and other states that have already legalized recreational marijuana is that it has not yet legalized marijuana for medicinal use. That means Ohio will try to legalize both recreational and medical marijuana at the same time, which could have logistical implications once retail operations are off the ground. After all, all the other states that have legalized marijuana for recreational use have been running legal medical marijuana for years, so Ohio should certainly anticipate more problems once legalization takes place.
Nonetheless, Ohio looks poised to become the 24th state to legalize medical marijuana and the 5th state to legalize recreational marijuana, reaping the tax benefits that other states with legal marijuana are now enjoying.
In your opinion, what problems will Ohio encounter in trying to legalize medical and recreational marijuana at the same time? Voice your opinions in the comments section below – your opinion matters to the nation.