Montana Will Vote On Two Marijuana Legalization Measures In November, State Confirms

Montana’s secretary of state announced on Thursday that marijuana activists collected more than enough signatures to qualify two legalization measures for the November ballot. One initiative, a statutory change, would create a system of legal cannabis access for adult-use. A separate constitutional amendment would ensure only those 21 and older can participate in the market. If the statutory measure is approved by voters, possessing up to an ounce of cannabis would be allowed, and people could cultivate up to four plants and four seedlings at home. The Montana Department of Revenue would be in charge of regulating the legal industry and would issue business licenses by January 1, 2022. Existing medical cannabis businesses would be first in line to enter the adult-use market. There would be a 20 percent sales tax on recreational marijuana, while the tax on medical cannabis products would be reduced from two to one percent. Revenue from legal sales would go toward land, water and wildlife conservation programs, veteran services, substance misuse treatment, health care, local governments that allow cannabis businesses and the state general fund. A fiscal note from the Governor’s Office of Budget and Program Planning estimates that legal cannabis retail taxes will generate $38.5 million a year by Fiscal Year 2025. “Our research has always shown that a majority of Montanans support legalization, and now voters will have the opportunity to enact that policy, which will create jobs and generate new revenue for our state,” Pepper Petersen, a spokesperson for New Approach Montana,…

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Source : MJ moment
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