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Ohio Moves Closer to Vote on Medical and Recreational Marijuana; Legalized Marijuana Could Bring Needed Tax Dollars

State of Ohio Moves Closer to Legalizing Marijuana:

Ohio could be the next state to legalize marijuana as voters prepare to head to the polls next month.  As always, the potential decision to legalize marijuana remains controversial and even neighboring states are running ad space to inform the public of the potential election outcomes in Ohio.  Recent polls out of Ohio show that over 50 percent of voters in the state of Ohio favor the ballot initiative however.  It should be noted that voters in the state of Ohio will get the opportunity to vote on the legalization of both medical marijuana and recreational marijuana.  It has been more common for states to legalize medical marijuana in some form prior to considering the legalization of recreational marijuana.  Ohio may legalize both at once.  This is a significant issue not just in Ohio, but for many other states in the U.S.  The initiative to legalize marijuana is gaining momentum around the U.S. as almost half of the states have already legalized medical marijuana.  Many fewer states though have legalized recreational marijuana, and for Ohio to legalize both at once would definitely raise attention across the nation.  Ohio would be the first Midwestern state to do so.  The election will take place on November 3, 2015.

Voters to focus on Issue 3 in Ohio:

When voters go to the polls on November 3, 2015 to vote on marijuana, they will focus on issue 3.  Voting yes for issue 3 means that that medical and recreational marijuana will be allowed in the state.  More specifically, voting yes on issue 3 would allow 10 commercial facilities to grow and distribute cannabis.  A vote yes for issue 3 would also make it permissible for adults over the age of 21 to purchase and posses up to 1 ounce of marijuana to use in a recreational manner.

Marijuana Gains for Ohio:

In addition to the medical benefits being acknowledged for medical marijuana, many believe that legalizing and controlling marijuana will equal significant tax gains for the state.  Other states that have legalized marijuana continue to reveal that it is a multi-billion dollar industry.  Ohio is now on the verge of tapping into this stream of tax revenue that could greatly support state programs and services.  Issue 3 is the hurdle.  Three basic variables are woven into issue 3 on the ballot.  The legalization of marijuana for medical and recreational use is one variable.  Another is permission for an adult to grow up to four plants for personal use.  A third variable is limiting the number growers and distributors.  November 3 will be a telling day for Ohio voters.

 

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