The future is notoriously difficult to predict, especially when it involves the legislative process.
- In November, voters in all five states with cannabis on the ballot elected for reform, generally reflecting public opinion. But the next round of legalization is taking place in markets where legalization has to win approval from lawmakers.
- Numerous governors feel pressure to legalize REC, propelled by the belief that pot taxes can relieve Covid-related economic concerns. And they don’t want to lose the revenue to their neighbors. But each state has its own moving parts which could delay or derail the process.