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Marijuana Is Now Legal In Colorado And Washington

On November 6th, 2012, the citizens of the States of Colorado and Washington voted to legalize the recreational use of marijuana along with mail order marijuana. While other states have legalized it for medicinal purposes, these are the first two states to legalize it purely for one’s own enjoyment. However, if you’re in CO or WA, I wouldn’t light up a celebratory joint, just yet.

The problem is the Federal Government, which overrules states’ rights, still says marijuana use is illegal. Ultimately, this is likely to lead to a legal battle in the Supreme Court regarding states’ rights. Unless you would like to be involved in this battle or made an example of by the feds, you should probably continue to conduct yourself as if the recreational use of marijuana were still illegal in your state.

Even though this battle is far from over, the voters in Colorado and Washington have sent a very clear message to Washington D.C. The Colorado Amendment 64 and Washington Initiative to legalize both passed by a margin of 55% to 45%. Four other states also had marijuana initiatives on their ballots. The citizens of Oregon voted not to legalize the recreational use of marijuana by a margin of 55% to 45%. Oregon’s initiative was defeated mainly because it gave regulation of the industry to marijuana growers, rather than an independent party. A better thought-out initiative might have passed and is likely to at the next election.

There were also three states with medical marijuana votes. The State of Massachusetts voted overwhelmingly (63% to 37%) to legalize the use of medical marijuana. Whereas both Arkansas (49% to 51%) and Montana (43% to 57%) had their medical use initiatives fail at the polls.

Overall, election day 2012 was a huge step towards the legalization of marijuana. The following statements were included in a press release from NORML, “The significance of these events cannot be understated,” said the pro-legalization organization. “Tonight, for the first time in history, two states have legalized and regulated the adult use and sale of cannabis.”

It should be noted that the State of Washington’s initiative included heavy taxes of the now legalized marijuana. In today’s struggling economy, states and municipalities are looking for new ways to create tax revenue and cut costs without putting an undue burden on their citizens (i.e. committing political suicide). Once other states see what WA has brought into their coffers from the taxation of legal marijuana and saved by no longer needing to enforce laws against or incarcerate, recreational users of this harmless drug.

Kris
Kris
Kris is our in-house writer with a lot of experience under her belt. She loves to provide her insight about the market trends and her predictions about market trends are often on point.