Alaska Becomes Fourth State to Legalize Cannabis
Ryan Allway
November 6th, 2014
Policy, Top News
Alaskans voted to legalize adult-use cannabis earlier this week, becoming the fourth state in the U.S. to do so alongside Colorado, Washington, and Oregon. Measure 2 will legalize the possession, use, and sale of cannabis for recreational use by adults over the age of 21, who will also be permitted to possess up to an ounce and grow up to six plants for their own personal use at home.
The state had been a key battleground for the cannabis legalization movement, with polls prior to the election showing very close support. Alaskan Governor Sean Parnell noted earlier this year that he wasn’t excited about the prospect of legalized marijuana, but would respect the will of the voters and implement the initiative if it were to pass in its third attempt – following similar 2000 and 2004 measures.
Despite the loosening of cannabis laws in 23 U.S. states and the District of Columbia, the federal government continues to consider the drug a Schedule I substance along with heroin and LSD – and more dangerous than cocaine. The statewide legalizations to date have shown great promise, with an increase in tax revenue, a decrease in violent crimes, and few side effects that many were expecting.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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