Cannabis On The 2020 Ballot Could Affect Neighboring States

Monday, November 2, 2020

Mark Alderman was quoted in Forbes discussing the states that will vote on legalizing recreational and medical cannabis. On Tuesday, four states, Arizona, Montana, New Jersey, and South Dakota will vote on legalizing recreational cannabis. Mississippi will be considering medical cannabis use. Most voters are in favor – and their approval could convince neighboring states to move towards legalization as well. All five ballot measures are expected to pass said Mark. “This will put more pressure on Washington to fix the disharmony between state and federal law,” he said. Because the substance is still illegal federally, cannabis entrepreneurs can’t write off typical business expenses, lack banking resources like loans and marijuana businesses often end up paying taxes in cash. 

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