Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Expect a Big Marijuana Legalization Wave Among States in 2021

 


The coronavirus pandemic has slowed a number of states’ efforts to legalize cannabis, at least in the near term. It could have the opposite effect in 2021.

Canaccord Genuity analyst Bobby Burleson in December pointed to 16 states that he expected to put pot legalization on their ballots this election year. That list has since dwindled as Covid-19 has dominated officials’ attention, slowing down ballot initiatives across the nation.

Burleson thinks such a slowdown may be temporary. He points to budget shortfalls in states forced to shut down, especially ones that have been weighing legalization already, as motivation to legalize cannabis for tax revenue.

https://www.barrons.com/articles/states-pot-initiatives-have-stalled-during-the-pandemic-expect-a-big-legalization-wave-in-2021-as-lawmakers-look-to-plug-budget-gaps-51592830885

 

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