Will 59 Million More Americans Get Access to Marijuana in 2016?
Once on the cutting edge
California was one of the first states to relax regulations relating to marijuana possession, and in 1996, it was at the forefront of reform when it passed the Compassionate Use Act, a bill that allowed for the possession of a small amount of pot if it was recommended by a physician.
Yet despite its early leadership in marijuana reform, California hasn't taken the next step and legalized recreational use of marijuana.
It came close to approving a bill, Proposition 19, that would legalize marijuana in 2010; however, that ballot initiative fell short at the polls. Once the votes were cast, 53.5% of Californians voted no, while 46.5% voted yes.
Proposition 19 would have given local government the opportunity to regulate various legal marijuana activities, including the possession of up to one ounce for personal use, and to tax marijuana accordingly. At the time, estimates pegged the estimated revenue that could be collected via taxes as high as $1.4 billion.
Although Californians opted against Proposition 19 five years ago, the margin of victory was small. That could clear the way toward a win in 2016, especially given that polls increasingly show that Americans, and Californians in particular, are warming up to the idea of legal cannabis.
According to a poll by Gallup, 51% of Americans now favor some form of legalization, and in California, a record 54% of residents favor ending marijuana prohibition as of June, according to the Public Policy Institute of California.
Even more encouraging for marijuana supporters living in the Golden State is that the percentage of pro-marijuana residents climbs to 56% among those most likely to vote in California's upcoming election. If marijuana supporters do end up following through and voting to approve legalizing recreational marijuana in California next year, then it would impact 39 million Americans.
Inching its way forward
Unlike California, Florida has historically been reticent to embrace easier access to marijuana. It wasn't until last year that it took up the issue of legalizing medical marijuana on its ballot.
Unfortunately, Floridians supporting medical marijuana failed to show enough force for the measure to receive the 60% vote necessary to change the state's constitution in 2014.
Instead, the effort fell shy of success by about 2% and although that was a disappointing blow for marijuana advocates, that small margin of failure offers hope that Florida will pass similar legislation next year. That prospect is backed by the fact that marijuana supporters tend to be younger voters who likely skip mid-term elections but show up for presidential elections.
Marijuana supporters are also buoyed by results from a recent Florida poll showing that two-thirds of Florida voters are inclined to vote in favor of medical marijuana, according to St. Pete Polls. That's an encouraging finding, but supporters might want to temper their enthusiasm given that polls favored legalization last year as well yet legislation still failed to pass.
Regardless, if medical marijuana does get the green light in Florida in 2016, then the nearly 20 million Americans living in the sunshine state may benefit.
Tying it together
Conservatives generally argue against marijuana legalization and efforts funded by conservatives, such as the successful anti-marijuana campaign Drug Free Florida waged in Florida last year by Sheldon Adelson, will likely begin in earnest once the calendar flips to January 1.
If marijuana supporters in California and Florida hope to overcome those anticipated anti-marijuana efforts, national polls suggest that they'll need to coordinate their efforts in a bid to get more Democrats, moderates, and libertarians to the polls. Overwhelmingly, those groups tend to favor marijuana legalization.
If advocates succeed in convincing voters of the merits of regulating and taxing legal marijuana in both of these states, it could tilt the balance in other states because the tens of millions of people living in California and Florida represent nearly 20% of the U.S. population.
The next billion-dollar iSecret
The world's biggest tech company forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .
The article Will 59 Million More Americans Get Access to Marijuana in 2016? originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .