Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 491- #Marijuana Wins Big in #USElection
Delta, Kelowna, BC, November 4, 2020 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2020/110420-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2020/cannabis-potcasts/11041Wins-Big-US-Election.asp
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Today’s podcast overview/transcript:
Good
afternoon and welcome to another episode of Investorideas.com
"Potcast" featuring cannabis news, stocks to watch as well as
insights from thought leaders and experts.
In
today’s podcast we will be looking at the many states that voted in favour of
cannabis legalization in yesterday’s election.
New Jersey voters have approved a constitutional ballot
initiative to legalize marijuana for adults 21 and over and establish a
framework for marijuana regulation in the Garden State. New Jersey becomes the
12th state to enact a legalization law.
“This is a great day for New Jersey. After years of
political inaction, voters have definitively approved marijuana legalization,”
said Steve Hawkins, executive director of the Marijuana Policy Project, which
was founded in 1995 and has played a central role in 10 state-level
legalization victories over the past eight years.
“The passage of this ballot measure positions New
Jersey to take the lead in the Northeast and will push neighboring states, like
New York and Pennsylvania, to take action on marijuana legalization,” Hawkins
added. “This is a victory for social justice given that Black residents of New
Jersey are 3.5 times more likely to be arrested for marijuana than white
residents despite similar usage rates.”
New Jersey is one of five states that voted on
marijuana reform ballot initiatives this November. In Arizona, New Jersey, and
Montana, there were ballot initiatives to legalize marijuana for adults 21 and
over which were all passed.
Chief Executive Officer Steve White
of Harvest Health and Recreation Inc.
(CSE: HARV) commented, "The recreational initiative in
Arizona represents a well-rounded approach to allow the expansion of access to
cannabis in Arizona. We fully expect the implementation of Prop 207 will
positively impact tax revenue and social justice in Arizona, while
strengthening employer protections and enhancing public safety. As the largest
operator of medical dispensaries in the state, we look forward to serving
recreational customers under this new program."
White continued, "The
legalization of recreational cannabis continues to gain public support and
becomes more mainstream as more people are positively affected directly
themselves or know others who benefit from the availability of regulated and
legal cannabis. We are proud to have played a role in the advancement of legal
cannabis in our home state of Arizona. We appreciate the support of state,
local and community officials and the ongoing efforts by the Arizona Department
of Health Services to make our medical and recreational markets a model for
other markets across the country."
In Mississippi voters have approved a constitutional
ballot initiative to establish a medical marijuana program for patients with
debilitating conditions. Mississippi becomes the 36th state to enact a medical
marijuana law.
“It is great to see that the tides of change are
continuing to flow across the country and now they have come to Mississippi,”
said Steve Hawkins, executive director of the Marijuana Policy Project, which
was founded in 1995 and has played a central role in eight state-level
legalization victories over the past eight years. “As we saw in Utah in 2018,
and as we see in Mississippi this year, medical marijuana can pass in any state
in the country.”
In South Dakota
voters approved proposals to legalize both medical and recreational marijuana,
a major shift after the state overwhelmingly rejected a medical pot measure
four years ago.
And in Oregon, voters made history by passing the first state
law in the US to decriminalize possession of hard drugs including heroin,
cocaine and LSD. The measure backed by criminal justice reform groups is aimed
at diverting people from jails and prisons by treating possession as a citation
and expanding access to treatment and recovery.
The
Oregon drug initiative will allow people arrested with small amounts of hard
drugs to avoid going to trial, and possible jail time, by paying a $100 fine
and attending an addiction recovery program. The treatment centers will be
funded by revenues from legalized marijuana, which was approved in Oregon
several years ago.
“Today’s
victory is a landmark declaration that the time has come to stop criminalizing
people for drug use,” said Kassandra Frederique, the executive director of the
Drug Policy Alliance, which backed the measure.
Oregon
voters also approved a measure making it the first state to legalize the
therapeutic use of psychedelic mushrooms.
Heading into Election Day, 11 states had legalized
marijuana for adults 21 and over, and 34 states had legalized medical
marijuana.
Investor ideas reminds all
listeners to read our disclaimers and disclosures on the Investorideas.com
website and that this podcast is not an endorsement to buy products or services
or securities. Investors are reminded all investment involves risk and possible
loss of investment.
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