MJBizMag January 2021 - 38

CannabisbytheNumbers | Kate Lavin
Election Roundup
M
arijuana advocates had at least five reasons to
celebrate on Election Day 2020. All of the ballot
measures to establish medical or adult-use
cannabis markets in the United States were successful
with voters.
Arizona, Mississippi, Montana, New Jersey and South
Dakota all approved new cannabis programs by ballot
initiative. Read on to learn how some of these votes made
history, while others are expected to usher in business
opportunities worth hundreds of millions of dollars.
26,241
68%
Nearly 70% of Mississippi voters cast
ballots in favor of Initiative 65, a proposal
to create a medical marijuana program
in the state. The success of the measure
came as a surprise to many in the industry
who assumed the Deep South state would
be among the last to legalize marijuana.
Source: Marijuana Business Daily, Mississippi Secretary of State's Office
Zero
Time between voter
approval of medical
marijuana and adultuse
cannabis in South
Dakota. The state made
history on Election
Day for legalizing both types of marijuana sales
simultaneously. Typically, U.S. markets establish a
medical marijuana market and add provisions for a
rec market years later.
Source: Marijuana Business Daily, South Dakota Secretary of State's Office
10
Number of cultivation tiers established by
Montana's new adult-use initiative. Growers with a
micro-tier license can grow a canopy of up to 250 square feet;
the largest site can be up to 30,000 square feet.
Source: Marijuana Business Daily
Number of marijuana industry jobs expected
to be created by 2025 in states that passed
legalization initiatives in the 2020 election.
Source: Vangst
$850M-$950M
Cannabis sales are expected to reach nearly $1 billion in
New Jersey by 2024 now that state voters have opted to
create an adult-use marijuana market in addition to
the MMJ program that was approved in 2010.
Source: Marijuana Business Factbook
319%
Estimated growth in marijuana sales between 2019 and 2024 in Arizona,
where voters approved adult use. Medical marijuana sales totaled
$181.5 million in 2019, and combined sales for medical and recreational
cannabis in the state are projected to reach $760 million by 2024.
Source: Marijuana Business Factbook
38 Marijuana Business Magazine | January 2021

MJBizMag January 2021

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