LEGALIZATION INITIATIVES SWEEP FIVE STATES

Cannabis legalization initiatives succeeded in all five states where they appeared on the ballot. One in three Americans now lives in a legal REC state.
WeedWeek/Politico

• The industry is especially excited about legal REC in Arizona and New Jersey, two big states which could accelerate legalization in their regions. (In New Jersey, accountants called for the state to waive 280E-related taxes on state returns.)
  WeedWeek
• South Dakota legalized MED and REC, but Gov. Kristi Noem(R) said it was the “wrong choice” for the state.
  Argus Leader
• Mississippi voters approved the less restrictive of two MED measures.
  Marijuana Moment
• Montanans approved a complementary pair of REC initiatives.
  Great Falls Tribune

Just as legalization in New Jersey is widely expected to accelerate the process in New York and Pennsylvania, industry observers think the results have expanded the possibilities for more states to legalize, especially in the Great Plains and southeast.
WeedWeek

• New York Gov. Andrew Cuomo (D) said the “time is ripe” to legalize.
  News Break
• In The Hill, NORML activists say weed was the “clear winner” on election night.

The biggest winners on election night were arguably sellers of booze, weed and pizza.
Los Angeles Times

Quick Hits

1. AdAge asks what the results mean for cannabis marketing (Paywall).
2. Late night hosts made some election pot jokes.
   New York Times