People watched in horror as they witnessed the presidential election on Tuesday night but something else, quietly but surely, happened the same day. The legalization of Marijuana was perhaps the biggest win of the Presidential Elections. In fact, it won in many states, when liberals by large were losing across America. There’s a whole list consisting how many states voted for the legalization but the key state was definitely California with their votes overwhelmingly approving the step.
America’s largest state, by population, size and as well as the economy is passing recreational marijuana bill Prop 64. Under Prop 64, also known as the Adult Use of Marijuana Act (AUMA), people aged 21 and above will be allowed to own as well as imbibe recreational cannabis but to a certain limit. Those aged 21 and above will be allowed to hold 28.5 grams of dry herb cannabis or 8 grams of cannabis concentrate.
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Other than being a symbolic victory in itself, looking at it through a practical viewpoint, this will bring in lots of profits resulting in a massive economy for big companies who are ready to flock their pot business. A Bureau of Marijuana Control will be set up following the legalization that will administer and regulate licenses allowing business to enter into buying and selling of cannabis.
Colorado, Washington, Oregon and Alaska, four small states in comparison to California had already voted for the legalization until Election Day. Cumulatively, their population adds up to 17.1 million people with their economic value totaling around $1 trillion. Being the most populous state of America, California alone holds 38.8 million people with its economic worth valuing around $2.5 trillion, more than the 4 states combined.