On November 3, New Jersey, Arizona, South Dakota, and Montana are set to vote on legalizing cannabis for all adults over the age of 21. South Dakota also has a medical-cannabis measure on the ballot, and Mississippi is voting on a medical marijuana program.
Since Colorado and Washington broke ground in 2012 as the first US states to legalize recreational cannabis, nine states and Washington, DC have joined them. Medical marijuana is legal in 33 states — meaning that a majority of Americans now have some form of access to legal marijuana. If President Donald Trump wins a second term in November, that status quo is likely to persist. If Democratic nominee Joe Biden wins and Democrats take the Senate, cannabis decriminalization or legalization would have a better chance.
For example, an A grade assigned by a Cowen — based on polling data and other inputs — means a state is very likely to pass legalization. A B grade is likely, a C grade is less likely, and so forth.
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