Ohio voters on Tuesday approved legalizing the cultivation and sale of recreational marijuana, paving the way for what is expected to become a multibillion-dollar market in the Midwest.
With about 53% of the votes tallied on Tuesday night, supporters of Issue 2 were winning, capturing 55.7% of the vote versus 44.3% against.
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Polls had been closed for nearly two hours when ABC News and NBC called the race over.
Ohio is the 24th state to legalize adult-use cannabis – in addition to Washington DC – after a contentious, yearslong process.
MJBizDaily forecasts adult-use sales could total $1.5 billion to $2 billion in the first year after the market launches and $3.5 billion to $4 billion by the fourth year.
“The results in Ohio show that cannabis legalization can win anytime and anywhere,” Matthew Schweich, executive director of the Marijuana Policy Project, told MJBizDaily via email Tuesday evening.
“To
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