MJ Legalization Measure Officially Qualifies For South Dakota 2020 Ballot
Marijuana Stocks, Finance, & InvestingUncategorized January 10, 2020 MJ Shareholders
A measure to legalize marijuana for adult use has officially qualified for South Dakota’s November ballot, the secretary of state’s office announced on Monday.
The proposed constitutional amendment, which was submitted by a former federal prosecutor in September, would allow adults 21 and older to possess and distribute up to one ounce of marijuana. Individuals would also be allowed to cultivate up to three cannabis plants.
The development comes one month after the secretary of state said that a separate campaign to legalize medical cannabis in South Dakota had also submitted the required valid signatures to qualify for the 2020 ballot—meaning that voters in the state will see two separate marijuana measures when they go to the polls in November.
Under the broader recreational legalization proposal, the South Dakota Department of Revenue would be responsible for issuing licenses for manufacturers, testing facilities and retailers. And sales on cannabis products would be taxed at 15 percent, with revenue earmarked to cover the program’s implementation, public education and the state general fund.
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