The Marijuana Industry is the fastest growing industry in the United States. This lucrative industry is projected to be about $37 billion in sales by 2024. In 2016, Proposition 205 attempted to legalize recreational use of marijuana in Arizona but it did not pass. Proposition 207 was then introduced to this year’s ballot.
Key Points of Proposition 207 –
- Permits limited personal use and possession of marijuana for individuals twenty-one years old or older.
- Individuals can possess up to one ounce of marijuana and up to six marijuana plants per primary residence.
- However, individuals are prohibited from smoking marijuana in public or open spaces.
- The Department of Health Services will regulate and review marijuana licensed establishments and its agents.
- The Medical Marijuana Fund, The Smart and Safe Arizona Fund, and a 16% excise tax on marijuana sales will fund public education, public health, highway safety, and justice reinvestment.
- Individuals with records relating to marijuana offenses will have the ability to petition the court and appeal for expungement. Note, this only pertains to certain offenses.
On November 3, 2020, 59.5% voted yes and recreational use of marijuana was legalized in the State of Arizona. Do you think voters made the right decision? Are there potential negative consequences being overlooked? Or is this good for the State of Arizona?