Bloomberg Law
Aug. 14, 2023, 10:00 AM

Struggling Marijuana Industry Eyes Ohio for a Much-Needed Boost

Tiffany Kary
Tiffany Kary
Bloomberg News

Ohio looks likely to vote on the legalization of recreational marijuana in November, in a move that could improve the legislative and financial prospects for the cannabis industry overall.

On Aug. 3, a group called Regulate Marijuana Like Alcohol turned in a batch of signatures in efforts to meet the state’s requirements to put the measure to a vote this November. Given that marijuana stocks are still suffering after a lack of headway with national legalization, and they tend to surge even on mixed election results, the issue will be closely watched. It could turn Ohio into the 24th US state to legalize recreational use, even as federal law remains ...

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