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The marijuana ballot measures to be seen in American midterm elections



California, Colorado and seven other states have legalized leisure time and there are about 30 states that have passed medical cannabis in any form.

On Tuesday, several states could be added to these lists, as two states consider approving leisure marijuana and two other voices about medical use of the substance. While the voices should have little effect on Canadian marijuana companies, as most are excluded from having US operations due to some guidelines for listing, Michigan has special intrigues for cannabis investors.

Here are the most important races to see

Michigan: With nearly 10 million people, the Great Lakes state is the largest to vote on the legalization of recreational pots in this election cycle. Cold proposal 1

, the law is straightforward: People 21 and older may have and use weeds and the state will set up a system to regulate the licensing of manufacturers and dealers. Local authorities may choose to keep out of cannabis businesses or limit their business. The ballot paper gives a 10% tax on pot sales.

Although Aurora Cannabis Inc.

ACB,

+ 4.70%

ACB, + 3.91%

had to divest its holdings by American companies earlier this year after the Toronto Stock Exchange threatened to iron the company, held Aurora an option to buy back shares in at least one former subsidiary, Australis Capital. Now listed on the Canadian Securities Exchange – a listing site with fewer disclosure requirements – Australis, through one of its subsidiaries, looks at the medical cannabis market in Michigan. Should Michigan vote to legalize adult use, Australis may be able to capitalize on the change through the work it has already done on the medical side.

A Guide To The Pot Stocks: What You Need To Know To Invest In Cannabis Companies

Aphria Inc.


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