In a major blow to marijuana legalization nationwide, Ohio voters rejected Tuesday a sweeping initiative that would have ended pot prohibition in the Buckeye State. Unofficial election results found that the proposed constitutional amendment was defeated 65.1 percent to 34.8 percent. Read the full story here...
Plan for the Next Initiative
Ohio: Forging a New Path to Marijuana Legalization
Key Implications and Potential Outcomes of ResponsibleOhio’s Approach to Marijuana Legalization
New Frontier has released its next Analyst Report, which takes a look at ResponsibleOhio's plan to fully legalize cannabis in the Buckeye State.
New Frontier forecasts that Ohio’s legal marijuana retail sales if approved on the ballot this November under Issue 3, will be significantly lower than ResponsibleOhio’s forecast. New Frontier assessed the current plan and projects revenues to be $1.88 billion by 2020, approximately half a billion less than currently estimated.
Purchase our Ohio report to find out what our other projections are and to stay ahead of the pack when it comes to making your future investment in Ohio for the next initiative.
Giadha DeCarcer, Founder and CEO of New Frontier believes, “Issue 3 on the November ballot will likely pass. However, even if Ohio voters choose to legalize cannabis, the state would still face significant hurdles establishing a regulated market.
Don't Understand Ohio's Legalization Vote? It's As Easy As 1-2-3 Ohioans are voting today on three ballot initiatives. Two of these - helpfully titled Issues 2 and 3 - will determine the framework for legal medical and recreational cannabis in the state. The ins and outs of these issues are complex, to say the least - here's what you need to know about this historic vote....