Here's What the Latest Polls Suggest in the 9 States Voting on Marijuana
Elections aside, the marijuana industry has had an incredible run over the past two decades.
Prior to the 1996 approval of a compassionate use medical cannabis law in California, marijuana was illegal in all aspects (medical and recreational), and public support for nationwide legalization stood at just 25% per Gallup. Fast-forward to today and 25 states have legalized medical cannabis, with four states, as well as Washington D.C., legalizing the purchase of recreational marijuana for adults ages 21 and up. It's worth noting that the two most recent states to legalize medical marijuana -- Pennsylvania and Ohio -- did so entirely through the legislative process. Furthermore, public support for nationwide legalization tied an all-time high in Gallup's 2015 poll at 58%.
This marked shift in public opinion has translated into rapid growth for the legal marijuana industry. According to Cowen & Co., legal marijuana sales currently total about $6 billion...
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