Ohio may legalize pot this year

Peter Thiel's fund gets into pot Ohio has taken a step closer to becoming the fifth state to legalize marijuana.

A group is gathering signatures to amend the state's constitution so that Ohioans can legally consume marijuana for medical and recreational use.

The group, called ResponsibleOhio, needs to collect more than 300,000 signatures to put the amendment to a vote in November.

If voters approve the amendment, Ohio would join Colorado, Washington Oregon and Alaska as states that have legalized marijuana for recreational use.

Washington, D.C., allows recreational use of marijuana, but it's still illegal to sell pot there. Many other states have legalized medical marijuana.

Related: Pot startups cash in on wave of legalization

In Ohio, the amendment would allow residents at least 21 years old to possess up to one ounce of marijuana for personal use. It would also allow doctors to prescribe marijuana for certain medical reasons,...

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