Following a complaint filed by an anti-legalization activist in November, an organization that donated millions to support Montana’s marijuana reform measure is now under investigation.
Montana’s Marijuana Legalization Movement
On November 3, 2020, Montana residents turned out in droves to participate in what would be one of the most important elections in recent memory. Initiative 90 would move to legalize recreational cannabis, setting retail sales to begin in January 2022. Stranded in the middle of COVID-19, a pandemic that prompted economists to project Montana’s deepest recession in all of its history, voters saw a light at the end of the tunnel.
The economic successes of legal cannabis markets across the US have been clearly stated: The entirety of the market was valued at over $13 billion in 2019 – with only 11 adult-use states in the US at the time. That year alone, Colorado collected over $250 million in tax revenue to allocate toward supporting K-12 education, early literacy programs, building and renovating schools, and more.
Projected Revenue Generated by Recreational Marijuana Sales
In a report released by the University of Montana Bureau of Business and…