Undercurrents Charles Fain Lehman: Americans are falling out of love with weed
Nov 19, 2024
Charles Fain Lehman, a Fellow at the Manhattan Institute and author on marijuana legalization, joins the conversation to dissect the recent voter rejection of cannabis initiatives across the U.S. He explains the cultural and legal shifts influencing public opinion, revealing how the pandemic and crime rates have affected sentiments. Lehman discusses the dangers of rising marijuana potency, fiscal impacts of legalization, and the evolving political alliances that are reshaping the cannabis landscape, especially among conservative circles.
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Marijuana Legalization Momentum Shift
- Marijuana legalization momentum has slowed, with voters rejecting initiatives in several states.
- This shift comes despite previous projections of a booming legal cannabis market.
Election Day Outcomes
- Florida's Amendment 3, legalizing recreational marijuana, failed despite significant financial backing and Trump's endorsement.
- North and South Dakota also rejected legalization initiatives.
Campaign Financing
- Pro-legalization campaigns are heavily funded, often by large cannabis companies like Trulieve.
- They view legalization as an investment opportunity, especially in large, untapped markets like Florida.