On November 3, five states are set to vote on legalizing MED or REC with billions in potential revenue on the line.
- The most closely watching initiatives are probably Arizona and New Jersey, both of which appear likely to pass and open major new REC markets. If New Jersey legalizes, some believe it could set off a REC “domino effect” across the northeast.
- Additionally, Montana is voting on REC, Mississippi on MED and South Dakota on both. If both pass it would be the first state to simultaneously legalize.
- A post at the non-partisan Tax Foundation looks at the revenues each state stands to gain from legalizing.