An Updated State-by-State Look at Where Marijuana Is Legal

America is seeing green — and I’m not just talking about the huge gains in investors’ portfolios. We’re witnessing a cannabis revolution in the U.S. that’s picking up steam at an extraordinary pace, which could very well allow marijuana to be one of the fastest-growing industries of the 2020s…

This revolution starts with Americans across the country. According to national pollster Gallup, an all-time record 68% of respondents wanted to see cannabis legalized nationally in its 2020 survey. That’s up from 66% in the previous two years, and it effectively doubles the support for legalization witnessed two decades earlier.

However, whether you can buy cannabis products or not depends on where you live, or where you’re shopping. Here’s an all-encompassing rundown of where each of the 50 states currently stands on marijuana.

These states have legalized the consumption and sale of adult-use weed, along with medical pot

There are currently 18 states whose residents have voted to legalize adult-use cannabis, or whose legislature passed a bill to green-light its consumption and/or sale. But as of June 23, 2020, only 11 of those 18 recreationally legalized states had operational dispensaries selling adult-use cannabis. These 11 states are (in alphabetical order):

  • Alaska
  • Arizona
  • California
  • Colorado
  • Illinois
  • Maine
  • Massachusetts
  • Michigan
  • Nevada
  • Oregon
  • Washington

Most of these 11 states are long-established markets, with Washington and Colorado commencing adult-use sales in 2014, followed by Oregon in 2015, Alaska in 2016, Nevada in 2017, and California and Massachusetts in 2018.

California is the largest cannabis market in the world by annual sales, with $4.4 billion in weed revenue in 2020. This comprised about 27% of legal cannabis sales in the U.S. last year.

These states have OK’d recreational and medical pot, but adult-use sales haven’t yet begun

While the aforementioned 11 states are raking in the recreational cannabis revenue, seven states are waiting in the wings for their chance to begin ringing the register. These states are (again, in alphabetical order):

  • Connecticut
  • Montana
  • New Jersey
  • New Mexico
  • New York
  • Vermont
  • Virginia

Since the November election, we’ve witnessed a rash of legalizations. New Jersey, New York, New Mexico, Virginia, and Connecticut have all signed legislation to make recreational marijuana legal over the past four months.

However, it could still be a while before…

Continue reading at THE MOTLEY FOOL


You May Also Like

About the Author: admin

Leave a Reply

Your email address will not be published.