The marijuana industry is red hot, and it has the rapidly changing views of the public to thank.
In 1995, just prior to California becoming the first state to legalize medical cannabis for compassionate use, only 25% of respondents in Gallup’s national poll wanted to see pot legalized nationally. That was essentially unchanged since 1980. However, since 1995 we’ve seen a steady uptick in support for weed. By 2005, 36% approved of its nationwide legalization. In 2011, marijuana’s approval hit 50% for the first time ever. Finally, in 2016 it topped 60%, logging an all-time high. It’s this rapid shift of opinion that’s allowed marijuana to expand so quickly at the state level.
Last year, residents in nine states voted on marijuana initiatives, and eight were approved. The lone outlier, Arizona, narrowly missed out on making it a clean sweep for cannabis by only 2% of the vote. The year ended with 28 states having approved medical cannabis, and eight states having legalized recreational, adult-use pot. We also witnessed two states in 2016 (Pennsylvania and Ohio) legalizing medical cannabis entirely through the legislative process. In other words, it wasn’t even put to on a ballot for state residents to vote on. This push from legislators to legalize pot adds an entirely new dimension to marijuana’s momentum.
THE REMAINDER IF THIS ARTICLE CAN BE FOUND AT: http://www.foxbusiness.com/markets/2017/02/05/youll-never-guess-who-wants-to-see-marijuana-legalized-nationwide.html