These States Could Legalize Marijuana in 2021
Even though 2020 was full of unpleasant surprises, not everything was that bad. Namely, this has been a pretty good year for US marijuana stocks and the cannabis industry in general.
Today, medical cannabis is legal across 36 US states, while adults can both consume and sell marijuana in 15 states.
By the look of things, New York, Connecticut, and Virginia could follow New Jersey, Arizona, Montana, South Dakota, and Mississippi already this year.
In fact, New York has been close to legalization twice already, but neither attempt was successful. In 2019, recreational legalization was discussed, but it didn’t happen due to issues concerning the expungement of previous convictions regarding marijuana possessions.
And again, in 2020, legalization didn’t happen due to the Coronavirus outbreak, seeing how New York was gravely affected by the first wave of the virus.
Overall, legalizing marijuana could help generate some additional revenue for the state. Plus, since New Jersey has already legalized marijuana, it is highly likely that neighboring New York will do the same.
Connecticut is another state that could legalize marijuana in the upcoming year and all thanks to the political makeup of its legislature.
In 2021, Democrats will have 98 of 151 House seats and 24 of 36 Senate seats in Connecticut. Since Democrats support adult-use legalization and Connecticut is surrounded by states that have already legalized marijuana, it is bound to join the party in the near future as well!
Finally, the governor of Virginia signed a bill that will decriminalize cannabis and legalize medical marijuana in April. Expecting up to $1 billion in sales per year, Virginia is looking forward to legalizing marijuana in full.