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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Click on the image for more info.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry?
Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.
Get your tickets now before prices surge by following this link.