In Florida, a measure to approve medicinal use of cannabis was close but ultimately did not pass Tuesday. The measure needed 60 percent voter approval but garnered 58 percent.
The midterm results bring the tally to four states and the District of Columbia that have approved cannabis for recreational use. Twenty-three states have approved it for medicinal purposes. Now with the foundation for legal use established in more states, entrepreneurs are hoping to replicate business opportunities as seen in Colorado and Washington state.
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The approved marijuana measures also will mean more job creation and added tax revenue, as Oregon and Alaska will be able to regulate and tax marijuana like they do alcohol, according to the Marijuana Policy Project, which works to reduce or cut penalties for medical and nonmedical use of cannabis.
"The results are particularly encouraging, since voter turnout during a midterm election is typically smaller, older and more conservative," Rob Kampia, the project's executive director, said in a statement. "Clearly, support for ending marijuana prohibition spans the political and ideological spectrums."