Connect with us

Hi, what are you looking for?

Deluxe Investment Group – Investing and Stock NewsDeluxe Investment Group – Investing and Stock News

Investing

Ohio marijuana legalization proposal set to appear on statewide ballots this fall

A proposal to legalize recreational adult use of marijuana in Ohio was cleared Wednesday to appear on statewide ballots this fall after the Republican-led state Legislature failed to act on it.

The measure would allow adults 21 and over to buy and possess up to 2.5 ounces of cannabis and to grow plants at home. A 10% tax would be imposed on purchases, to be spent on administrative costs, addiction treatment programs, municipalities with dispensaries and social equity and jobs programs.

Republican Secretary of State Frank LaRose determined that the Coalition to Regulate Marijuana Like Alcohol had submitted 127,772 valid signatures, more than the 124,046 needed to put the question before voters on Nov. 7.

In July, organizers had originally submitted fewer signatures than required, but were given 10 days to try again. During that grace period, they collected an additional 4,405 valid signatures.

If the issue passes, Ohio would become the 24th state to legalize cannabis for adult use.

‘This isn’t groundbreaking,’ Tom Haren, a coalition spokesperson, said in a statement when the signatures were submitted. ‘We’re just trying to get Ohio in line with neighbors like Michigan and Illinois.’

The proposal had a long journey to the ballot.

LaRose first submitted petitions to the Ohio General Assembly on behalf of the coalition on Jan. 28, 2022, triggering a four-month countdown for lawmakers to act. Republican legislative leaders indicated they did not intend to vote the proposal into law. Legislators also asserted that the coalition’s petition signatures weren’t turned in in time to make the 2022 ballot.

The coalition sued and, in a settlement, ultimately agreed to wait until 2023.

Marijuana has been legal for medical use in the state since 2016.

<!–>

This post appeared first on FOX NEWS

–>

Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!



    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    Florida Gov. Ron DeSantis (R) needs a massive infusion of cash in the next two months of the Republican presidential primary race to help...

    Editor's Pick

    ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

    Economy

    Amp’s 223.67% Leap: Analyzing the Sudden Spike The cryptocurrency community has recently been set abuzz by the phenomenal rise of Amp (AMP). Just in...

    Latest News

    The United States could be on track for a Joe Biden-Donald Trump rematch in 2024, but it’s the president’s son Hunter Biden who earned...

    Disclaimer: Deluxeinvestmentgroup.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 deluxeinvestmentgroup.com