Marijuana scored a sweeping victory at the ballot box on Tuesday, with voters approving new markets in Michigan and Missouri that eventually could generate $2 billion in medical and recreational sales.
In Utah, a medical marijuana ballot initiative appeared headed for passage.
And across the nation, voters installed the Democrats as the new majority party in the U.S. House of Representatives, improving the odds that lawmakers will pass federal marijuana reforms that benefit MJ businesses.
Cannabis-friendly gubernatorial candidates, meanwhile, won in California, Colorado, Illinois, Michigan, New Mexico and New York.
Generally good news for the cannabis industry. The big question is if the STATES Act will be brought up for a vote, and if Republicans will go along with it. We have an article coming up on the blog later today talking about the STATES Act.