What happens if recreational marijuana becomes legal in Ohio? - WJW FOX 8 News Cleveland
(WJW) — This November, Ohio voters get to decide whether to make recreational marijuana legal for adult use in the state.
The Coalition to Regulate Marijuana Like Alcohol this summer obtained enough signatures to get the citizen-initiated statute on the Nov. 7 general election ballot, the Ohio Secretary of State’s office announced Wednesday.
Here’s what voters should know about the proposed statute — its rules for legal cannabis possession in Ohio, when it will take effect and what has to happen between now and the election.
How it would work
The law, if passed, would let Ohioans 21 years and older possess up to 2 1/2 ounces of cannabis and up to 15 grams of cannabis extract and keep up to six cannabis plants per person, up to 12 per household.
It would also levy a 10% sales tax funding social equity and jobs programs, addiction treatment and education and the communities that host dispensaries, according to its website. The coalition expects the statute to generate more than than $400 million in annual revenue.
An Ohio State University study estimates recreational pot’s tax revenue potential at between $276 million and $403 million, after the industry has been operating for five years. By comparison, taxes on alcoholic beverages and spiritous liquor raised just less than $118 million in 2022, according to the Ohio Department of Taxation’s annual report.
Even though cannabis would become legal for adult use, the statute...
Read Full Story: https://news.google.com/rss/articles/CBMiSWh0dHBzOi8vZm94OC5jb20vbmV3cy9ob3ct...