Ohio Cannabis Advocates Push Lawmakers To Review Marijuana Legalization, Submit 206K Signatures

Cannabis advocates from Ohio are pushing hard to make recreational marijuana legal in their state.

This week The Coalition to Regulate Marijuana Like Alcohol confirmed it has collected 206,943 signatures for a bill that would allow adults to buy and own cannabis. The signatures have been submitted to Secretary of State Frank LaRose on Monday, reported The Columbus Dispatch.

Months In The Works

The organization had already offered a draft of the measure in July this year and started collecting the needed 132,887 signatures in August.

"Eighteen states have already legalized cannabis for adult use, including our neighbor to the north," campaign spokesman Tom Haren said. "Ohio is behind the curve on this issue and can’t afford continued inaction."

What's Next

Upon verifying the signatures, lawmakers have a four months deadline to proceed with the legislationIf they reject the bill or approve a changed version, supporters can collect another 132,887 signatures to place the measure on the ballot in the next election.

Back in 2015, Ohio voters rejected a ballot proposal aiming to create a limited legal market for the commercial production and sale of cannabis to adults. There were several provisions of that measure considered very controversial, like those that aimed to limit the number of licensed commercial cultivators to include only the initiative’s financial investors, writes NORML.

Under the proposed bill, Ohio residents age 21 and older would be allowed to legally buy and own 2.5 ounces of marijuana and 15 grams of concentrates. Furthermore, they would be able to cultivate up to six plants individually and no more than 12 in a household with several adults.

Products are proposed to be taxed at 10%, with revenue supporting administrative expenses, addiction treatment programs, municipalities with dispensaries and a social equity and jobs program. Furthermore, the state’s current licensed medical marijuana operators would be grandfathered into the adult-use market.

Photo: Courtesy of Jeff W on Unsplash

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisGovernmentNewsRegulationsPoliticsMarketsMediaGeneralNORMLOhio cannabis legalizationOhio MarijuanaThe Columbus Dispatch.Tom Haren
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis is evolving – don’t get left behind!

Curious about what’s next for the industry and how to leverage California’s unique market?

Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!

Get your tickets now to secure your spot and avoid last-minute price hikes.