At the November ballot, Montanans will be voting on two separate marijuana measures; a statutory change that would create a system of legal cannabis access for adult-use as well as a separate constitutional amendment that would limit the market to those aged 21 and over. If they vote in favor of the statutory measure, possession of up to an ounce of cannabis would be legal. Additionally, residents would also be allowed to cultivate four plants and four seedlings at home. Submitted by New Approach Montana, both of the initiatives have been met with plenty of support, including from a coalition of environmental conservation groups.
If recreational sales become legal, the state will tax sales at 20% with a significant portion of those taxes dedicated to environmental conservation programs. This would ensure Montana’s famous public lands and parks are well cared for, something a new Public Lands Coalition (“PLC”) comprised of four conservation organizations, including the Montana Conservation Voters and Montana Wildlife Federation, is very happy about. “All Montanans share the values of open space, and as Montanans, we collectively own and steward some of the most special places on earth. We are in fact, the Last Best Place, and that’s a central part of our identity as Montanans,” says Pepper Petersen, political director for…
CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
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