Go Long on Fig Newton Futures
Because Maryland voters just passed a constitutional amendment legalizing recreational Marijuana.
Maryland voters approved a constitutional amendment Tuesday to legalize adult-use cannabis.
The vote on the issue was called by the Associated Press at about 9:33 p.m. when unofficial election results showed nearly two-thirds of voters opting for legalization.
Maryland joins Washington, D.C., and 19 other states that have legalized adult-use cannabis. Voters four other states also were voting Tuesday on recreational marijuana.
Even though Maryland voters chose to legalize recreational cannabis, it doesn’t mean that any adult aged 21 and older will be able to walk into the nearest dispensary and legally buy cannabis. Tuesday’s vote essentially gives Maryland lawmakers the green light to go ahead and set up a recreational industry that could start as soon as July 1.
Ending this little bit of the war on drugs is a good start.
In the near term, penalties for possession will be reduced.