Ohio voters have approved a proposal legalizing recreational marijuana. Republican legislative leaders are expected to weigh revisiting aspects of the proposal that passed Tuesday.
A 10% tax will be imposed on purchases, to be spent on administrative costs, addiction treatment, municipalities with dispensaries and social equity and jobs programs supporting the industry itself.
Republican Ohio Senate President Matt Huffman said lawmakers may also reconsider “questionable language” regarding limits on THC, the compound that gives marijuana its high.
GOP Secretary of State Frank LaRose first submitted petitions to the Ohio General Assembly on behalf of the coalition in January 2022, triggering a four-month countdown for lawmakers to act.
LeafLink, a large wholesale cannabis marketplace, commended Ohio residents on approving Issue 2 and urged lawmakers to promptly enact the law as passed.
“This vote presents a tremendous opportunity for the state where legal adult-use sales are projected to exceed $1 billion annually,” Policy Director Rodney Holcombe said in a statement.
We have witnessed firsthand the positive impact of legalized cannabis, including job creation, tax revenue for vital government services and unique business opportunities for entrepreneurs.”
The original article contains 616 words, the summary contains 159 words. Saved 74%. I’m a bot and I’m open source!
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A 10% tax will be imposed on purchases, to be spent on administrative costs, addiction treatment, municipalities with dispensaries and social equity and jobs programs supporting the industry itself.
Republican Ohio Senate President Matt Huffman said lawmakers may also reconsider “questionable language” regarding limits on THC, the compound that gives marijuana its high.
GOP Secretary of State Frank LaRose first submitted petitions to the Ohio General Assembly on behalf of the coalition in January 2022, triggering a four-month countdown for lawmakers to act.
LeafLink, a large wholesale cannabis marketplace, commended Ohio residents on approving Issue 2 and urged lawmakers to promptly enact the law as passed.
“This vote presents a tremendous opportunity for the state where legal adult-use sales are projected to exceed $1 billion annually,” Policy Director Rodney Holcombe said in a statement.
We have witnessed firsthand the positive impact of legalized cannabis, including job creation, tax revenue for vital government services and unique business opportunities for entrepreneurs.”
The original article contains 616 words, the summary contains 159 words. Saved 74%. I’m a bot and I’m open source!