Let's get high: MI just voted to legalize recreational marijuana

Desiree Hennessy center attends to her adopted son Hestevan who has Cerebral Palsy and suffers from chronic nerve pain seizure disorder during the Utah Patients Coalition news conference in Salt Lake City. Ut

MI voters overwhelming favored the legalization of recreational marijuana, but that doesn't mean you can pull out a victory cigar... or blunt, just yet.

Democrats took control of the House and Republicans maintained their grip on the Senate, but another victor of the 2018 USA midterm elections is the cannabis industry.

Instead of one ballot initiative to legalize marijuana, there were three - each with different marijuana sales tax percentages and allocating that tax revenue to different locations.

OH was the most recent state to legalize medical weed through a ballot initiative in October, and Vermont became the first state to bypass the polls entirely by legalizing recreational cannabis through its state legislature in January. Although North Dakota won't be legalizing recreational marijuana this midterm election season, cannabis companies in the United States and Canada rallied on new market opportunities in MI and what appears to be a shift in public perception about the drug. According to the latest Gallup poll, two-thirds of Americans think marijuana should be legal for recreational use.

Medical marijuana has been legal in MI since voters approved its use in a 2008 ballot initiative.

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Cannabis stocks reached new highs in pre-market trading Wednesday morning after voters in MI legalized the recreational use of marijuana.

MI is now one of nine states that allow recreational use of the substance, including California, Colorado, and Washington, D.C. There were some potential pitfalls with the drafting of the measure, which lacked any provisions to regulate the marijuana industry in the state. The initiative requires all marijuana and marijuana products to be tested for safety and includes strict tracking requirements to ensure that marijuana is not diverted into the unregulated market.

Kristin Schrader, 51, a Democrat from Superior Township in Washtenaw County, said she voted to legalize marijuana because she doesn't want people leaving MI to get it.

On a night where the house and senate were being decided across bipartisan lines, voters in 4 states were decided on the legalization of marijuana for recreational and medical purposes.

A state licensing system will be enacted for marijuana businesses and it will allow for cities and individual townships to restrict them. Amendment 2 passed by a margin of 66 percent to 34 percent. The most straightforward approach I've seen is the Respect State Marijuana Laws Act, a one-sentence bill sponsored by Rep. Dana Rohrabacher (R-Calif.) that makes the federal marijuana ban inapplicable to anyone acting in compliance with state law.

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