Recreational Cannabis Campaigns In These States Raised About $20M

Recreational cannabis legalization campaigns in Arkansas, Maryland, Missouri, North Dakota and South Dakota raised some $20 million last year. More than $19 million, or 95% of the total, came from cannabis industry businesses, reported MjBizDaily, citing midterm elections campaign finance records.

See below for the states and their totals:

  • Arkansas, $13.98 million
  • Missouri, $4.23 million
  • Maryland, $389,480
  • North Dakota, $595,430
  • South Dakota, $629,390

Source: State Campaign Finance Reports Via MjBizDaily

The mixed results of the November elections (victories in Maryland and Missouri and losses in Arkansas and North and South Dakota) underscore potential risks for industry-driven campaigns.

For the full feature on MjBizDaily, click here.

Get your daily dose of cannabis news on Benzinga Cannabis. Don’t miss out on any important developments in the industry.

Photo: Courtesy Of Budding . On Unsplash

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
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.