9 States that could Vote to legalize marijuana in 2020

The numbers 11 and 33 come up quite often when the topic of marijuana legalization is discussed. Currently, 11 U.S. states allow the legal use of recreational marijuana, while 33 states have legalized medical cannabis. But those numbers could soon change.

Nine states could be on track to hold key votes on some form of marijuana legalization in 2020. Here are the states that could be next on the marijuana map -- and the stocks that could be poised to profit the most.


Hemp licenses issued by State 2019

  • The 29 U.S. states having reporting licensed hemp cultivation acreage total nearly half a million acres in combined cultivation land area, a massive increase over 2018's combined U.S. total of just over 100,000 acres.
  • Colorado leads the nation in hemp cultivation and processing land area with over 80,000 acres reported.
  • Oregon, Kentucky, Tennessee, and Montana lead in hemp program expansion efforts.
  • Tennessee leads in total hemp licenses issued in 2019.
  • At least 70% of the 2019 U.S. hemp harvest is intended for extract production.
  • California is poised to be the top-producing hemp state for both conventional and organic production as thousands of acres have already been planted in 2019.

20 States expected to fully legalize marijuana by 2024

The legal marijuana industry is budding before our eyes. What had once been considered a taboo industry that was swept under the rug by lawmakers has now become a front-and-center issue, as well as a big-time moneymaker for investors and companies involves in the pot industry.


Legalization of marijuana in Arizona: These are the rules that could be on the 2020 ballot

For the second time in four years, there's a chance Arizonans might be casting a vote to legalize marijuana on their November ballot.

A group backing the legalization released details Friday on a ballot measure that is looking to legalize the "responsible adult use of marijuana" in Arizona.

The 16-page "Smart and Safe Act" would legalize the sale, possession and consumption of up to one ounce, no more than 5 grams of which can be marijuana concentrate, of the drug for adults 21 years and older. Every adult would also be allowed to have not more than six plants at their home or 12 in homes with multiple adults.


If Arizona legalizes recreational marijuana, it should regulate its potency

The medical marijuana industry is reportedly gearing up for another initiative to legalize recreational pot in Arizona.

This will rekindle familiar arguments. But there is one new issue that should take center stage in this debate: the regulation of the potency of recreational marijuana.

The observation is frequently made that today’s marijuana isn’t the marijuana familiar to aging boomers from their college days. It’s far more potent.

And there is growing medical evidence linking high-potency pot with a substantially higher risk of psychosis.


Arizona Governor signs Law mandating quality control testing for medical cannabis products

Republican Gov. Doug Ducey has signed legislation into law amending the state’s medical cannabis access program.

Senate Bill 1494 requires that all medical marijuana products sold in licensed dispensaries be independently lab tested by November 1, 2020. Testing labs must be accredited and must have no financial relationship with any dispensaries. The measure also reduces application fees for medical cannabis card holders.


Arizona Court rules to include extracts & concentrates in medical marijuana program

In a unanimous ruling, the Arizona Supreme Court on May 28 found that cannabis resins and extracts are protected by the state’s voter-approved 2010 medical marijuana law. 

Writing for the court in State of Arizona v. Rodney Christopher Jones, Vice Chief Justice Robert Brutinel stated that the Arizona Medical Marijuana Act (AMMA) “defines marijuana as including ‘all parts of any plant of the genus cannabis whether growing or not.’ Consistent with this language, we hold that AMMA’s definition of marijuana includes both its dried-leaf/flower form and extracted resin, including hashish.”


Arizona Supreme Court decides cannabis extracts are legal

The Arizona Supreme Court decided unanimously on Tuesday that cannabis extracts including concentrates, vape cartridges as well as infused beverages and food, are now legal and can be sold in dispensaries.

“We hold that [the Arizona Medical Marijuana Act’s] definition of marijuana includes both its dried-leaf/flower form and extracted resin, including hashish,” the court wrote in its decision.


ACLU demands Arizona Court stops prosecutions of medical marijuana patients

Medical marijuana is legal in Arizona. There are state-licensed dispensaries, physicians and patients. But across the state, and most intensely in Maricopa County under the leadership of Attorney General Bill Montgomery, law enforcement is going after people who legally obtain and use medical cannabis extracts. Patients are facing arrest, prosecution and the threat of prosecution, and some have already served time in prison. While the state Supreme Court reviews the legality of medical cannabis extracts, the ACLU of Arizona is taking aim at the Maricopa County Attorney’s Office.


How the government's single licensed cannabis supplier is sabotaging research

With marijuana illegal under federal law, the red tape and bureaucratic hurdles facing American scientists who aim to study cannabis render the task nearly impossible, writes Madison Margolin. Some, however, like Dr. Sue Sisley from Scottsdale, Arizona, have persevered nonetheless, coming as far as to — almost — reschedule cannabis flower as a prescription medication for patients with posttraumatic stress disorder (PTSD). In partnership with the Multidisciplinary Association for Psychedelic Studies (MAPS), Sisley has secured the FDA's blessing to pursue clinical research on veteran PTSD patients, who smoke cannabis to mitigate their symptoms.


Subscribe to RSS - Arizona