Yesterday Florida's supreme court gave the OK on a ballot initiative that legalized marijuana for medical use via a 4-3 decision. It is set to be put to a vote in November, where if over 60% of state voters approve, the measure will be put into law. Governor Rick Scott is opposed to the measure, but he has no veto power if the public votes the measure into effect.
Further, NJ Governor Chris Christie spoke on the drug war, saying that it is "a failure". Christie has been tipped as a potential 2016 presidential candidate for the Republicans; a sign that those on both sides of the spectrum have realized that the issue of medical marijuana is a big issue now and citizens across the nation are putting pressure on their representatives both in the state capitals and in Washington.
The news sent the industry-related stocks into a high, with most crashing back down today.
In the next post, I'll start going in depth on some of the firms I've mentioned in previous posts. I'm going to start with Medical Marijuana Incorporated. I've also reached out to the group who will be running the grow lab for the dispensaries here in southern CT - Advanced Grow Labs, Inc. I'm hoping to be able to go talk with them once they start getting their operation off the ground.
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