Friday, August 29, 2025
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Email Whitelisting
Best Retirement Wishes
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • Top News
No Result
View All Result
Best Retirement Wishes
Home Stock

Ohioans Decisively Vote to Legalize Recreational Marijuana

by
November 8, 2023
in Stock
0
Ohioans Decisively Vote to Legalize Recreational Marijuana
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Jeffrey A. Singer

Yesterday, Ohio voters approved Issue 2, which legalizes recreational marijuana, by a decisive 57 to 43 percent vote. Issue 2 allows adults aged 21 and older to possess up to 2.5 ounces of marijuana publicly and to grow up to six plants at home. Ohio is set to become the 24th state to legalize recreational marijuana. Thirty‐​eight states (including Ohio) and the District of Columbia have already legalized medicinal marijuana.

Related posts

RICO, But Not Suave: President Trump Threatens George Soros with Dragnet Justice

RICO, But Not Suave: President Trump Threatens George Soros with Dragnet Justice

August 28, 2025
Trump’s “State Capitalism … a Hybrid Between Socialism and Capitalism” Won’t Make America Great Again

Trump’s “State Capitalism … a Hybrid Between Socialism and Capitalism” Won’t Make America Great Again

August 28, 2025

One potential fly in the ointment is that Issue 2 was a voter‐​initiated state statute, not a constitutional amendment. Therefore, under Ohio law, state legislators may rewrite or override much of the new statute.

Another potential problem is that the new statute imposes a 10 percent state excise tax on marijuana sales in addition to the state and local sales taxes, which will still apply. Ohio state and local sales taxes average around 7.24 percent. This means that people shopping at legal marijuana retailers may pay more than 17 percent tax on purchases.

Experience in California and other states that have legalized possessing and using marijuana should teach policymakers that overtaxing retail marijuana only serves to preserve the pre‐​legalization black market, as marijuana consumers who no longer fear arrest and punishment will pay less if they buy the weed from underground dealers.

Uruguay was the first country in the world to legalize marijuana production, sale, and consumption. Several European countries have decriminalized marijuana, and a number of European countries are contemplating legalizing it.

Now that the majority of the US population lives in jurisdictions that have legalized recreational marijuana use, it is long past due for Congress to act. Congress should pass federal legislation that makes growing, processing, transporting, selling, and using marijuana legal and leaves it up to states to decide on marijuana’s legal status for medicinal or recreational use within their borders.

But federally legalizing marijuana while it remains on the Drug Enforcement Administration’s schedule of controlled substances doesn’t go far enough. The DEA currently categorizes marijuana as a Schedule 1 drug: “no currently accepted medical use and high potential for abuse.” If the DEA re‐​scheduled marijuana to one of the remaining schedules (2 through 5), the plant would remain a controlled substance, requiring a prescription from DEA‐​licensed health care practitioners, whose prescribing patterns would be closely monitored and regulated by law enforcement.

Congress should require the DEA to de‐​schedule marijuana, i.e., remove it from the schedule of controlled substances. Alcohol, a much more potent and potentially harmful drug, is not on the DEA schedule of controlled substances. Neither should marijuana be. De‐​scheduling marijuana will also make it easier to do clinical research on the plant’s medicinal uses.

Surveys show bipartisan support for legalizing marijuana. A recent Gallup poll found overall support at 70 percent (87 percent of Democrats, 69 percent of Independents, and 55 percent of Republicans). As is often the case, the people are way ahead of the politicians. It’s time for leaders in Washington to jump out to the front of the parade line and wave the banner for marijuana legalization.

Previous Post

The “Climate Emergency”: Fueled by 21st Century Marxism

Next Post

The Radical Uncertainty of a Polymorphic Fed

Next Post

The Radical Uncertainty of a Polymorphic Fed

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

RECOMMENDED NEWS

Universal School Choice is Good. But It’s Not a Panacea

Universal School Choice is Good. But It’s Not a Panacea

2 years ago

Presidents Must Take Accountability for the Officers They Choose

2 years ago

Friday Feature: Compass Educators and Ellemercito Academy

2 years ago

Fiat Food and Its Consequences with David Gornoski

2 years ago

BROWSE BY CATEGORIES

  • Economy
  • Editor's Pick
  • Stock
  • Top News
Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

POPULAR NEWS

  • How not to answer the question “Why are carbon taxes unpopular with policymakers and politicians?”

    0 shares
    Share 0 Tweet 0
  • How Can We Restore Freedom and Sound Money in the US and the UK? Some Ideas

    0 shares
    Share 0 Tweet 0
  • The New Deal and Recovery, Part 28: A New Deal for Housing

    0 shares
    Share 0 Tweet 0
  • You Can’t Depend on the State to Maintain Public Order

    0 shares
    Share 0 Tweet 0
  • Remember the Alamo! Moses Rose’s Last Stand

    0 shares
    Share 0 Tweet 0

Disclaimer

BestRetirementWishes.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Recent News

  • RICO, But Not Suave: President Trump Threatens George Soros with Dragnet Justice
  • Trump’s “State Capitalism … a Hybrid Between Socialism and Capitalism” Won’t Make America Great Again
  • Public Corruption by State

Category

  • Economy
  • Editor's Pick
  • Stock
  • Top News

Recent News

RICO, But Not Suave: President Trump Threatens George Soros with Dragnet Justice

RICO, But Not Suave: President Trump Threatens George Soros with Dragnet Justice

August 28, 2025
Trump’s “State Capitalism … a Hybrid Between Socialism and Capitalism” Won’t Make America Great Again

Trump’s “State Capitalism … a Hybrid Between Socialism and Capitalism” Won’t Make America Great Again

August 28, 2025
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Email Whitelisting

© 2021 BestRetirementWishes. All Rights Reserved.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home 1
  • Privacy Policy
  • suspicious-engagement
  • Terms & Conditions
  • Thank You

© 2021 BestRetirementWishes. All Rights Reserved.