The next five states to legalize pot

The future is notoriously difficult to predict, especially when it involves the legislative process.

In November, voters in all five states with cannabis on the ballot elected for reform, generally reflecting public opinion. But the next round of legalization is taking place in states where legalization has to win approval from lawmakers.

In numerous markets, there’s momentum to legalize REC, propelled by pressure from neighboring states and the belief that pot taxes can relieve Covid-related economic concerns. But each has its own potential variables which could delay or derail the process.