In 2018, supporters for legal Cannabis saw two more states decriminalize the drug for recreational use and a handful of states (largely located in the Midwest) approve measures allowing for medical marijuana use. Plus, bipartisan cannabis legislation was introduced in Congress for the first time in 2018 through the States Act. President Donald Trump even said he would likely support the bill if it were to pass in the House and Senate.
There’s overwhelming support for cannabis legalization all around the globe and particularly In USA. The last State on the list of those that legalized Cannabis is Illinois. But other states also are in the process of reexamining their position on the legalization of cannabis in the United States. This is despite the fact that a fair number of these states won’t have the opportunity for expansion until the year 2020.
In recognition of this, almost all groups in support of marijuana legalization have shifted their attention to the 2020 elections.
Recent reports show that over 60 percent of Americans are in favor of full Cannabis legalization. Eleven states and Washington, D.C. have legalized the use of cannabis for recreational purposes, and 36 more have some form of legal medical or recreational cannabis use.
According to a newly released report from from Arcview Market Research and BDS Analytics called “State of the Legal Cannabis Markets,” the global licensed-store Cannabis sales could nearly quadruple between 2018 and 2024to $40.6 billion. The total cannabinoid market sales (both pharmaceutical cannabinoid sales and the sales of CBD-based products)– may hit almost $45 billion in the U.S. alone by 2024.
The tremendous public support to Cannabis has resulted into more cannabis-related legislation introduced into this congress than ever before. For example The SAFE Banking Act makes banking easier. The STATES Act offers the right of states to legalize cannabis and protects them from federal interference. At the same time the Veterans Equal Access Act opens up more research opportunities into how cannabis can be used to help veterans, from treating PTSD to pain management.
Based on current trends, the five states headed in the direction of putting cannabis legalization to vote in 2020 are Arizona, Florida, Maryland, New Jersey and New York.
The most likely state to actually legalize seems to be Arizona, although New York and New Jersey have been involved in a lot of talk about legalization measures, Arizona has the edge due to the previous narrow defeat (by two percentage points) of the bill to legalize recreational cannabis in 2016, as well as the increasing focus on the state by various cannabis legalization groups.
There are historical precedents — as seen in California and Oregon — that indicates that the second attempt to legalize recreational cannabis use in a state after the first attempt failed, is usually successful.
Apart from Arizona, more efforts need to be made by support groups to hasten the legalization of cannabis in Florida as it has the potential to become one of the top producers of canacjs in the United States with a projected revenue of $1.9 billion in sales.