Curbing the Marijuana Industry's Voracious Energy Appetite

As voters go to the polls this November, at least four states will consider ballot questions on marijuana legalization. Pending proposals in Nevada, Maine and California would authorize recreational marijuana use, while Floridians will vote on whether to allow medical marijuana use.

Legalization of marijuana in the United States has spread rapidly over the last few years. Half of the states have already legalized marijuana in some form. Alaska, Colorado, Oregon, Washington and the District of Columbia have legalized it for recreational use. And the Democratic Party platform committee recently voted 81 to 80 to amend the federal Controlled Substances Act to remove marijuana from the list of Schedule 1 drugs. The stated purpose of this proposed amendment is to “provid[e] a reasoned pathway for future legalization.”

States with some form of legalized marijuana have implemented stringent regulatory and licensing schemes with regard to...

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