The legalization movement finally got a bit of good news with the results a new Gallup poll. The new poll results showed that support for legalizing cannabis is at an all time high, with 64 percent of adults support legalization. This is even higher than last year’s poll, which showed only 60 percent. This result is also reportedly 5 times higher than when the poll was first conducted in 1969. Support doubled in the eighties and remained fairly stagnant up until the early 2000’s. Things really began to take off as legalization swept the nation.
These new results are not at all surprising, considering a total of eight states put legalizing cannabis on their ballots last year, and even more are expected to do so in next year’s midterm elections. People are finally realizing the truth about cannabis: though it’s not completely harmless, it’s not nearly the danger that cannahaters have made it out to be.
Wait, There’s More…
What actually is surprising in this poll is that support from Republican voters has reached an all time high. Now, a majority of Republicans support legalizing cannabis. This has never happened before. To be honest, I thought it would take a lot longer. Support from Republicans went up a total of nine percentage points from last year.
Will this new bipartisan support have any bearing on the Justice Department’s decision on whether or not to go after legal cannabis? We can hope so, since legalization is no longer just a Democrat thing. Cannabis has a lot of bipartisan support in Congress too, where there is almost no support for stricter enforcement. With protections under the Rohrabacher-Blumenauer amendment set to expire the beginning of December, we’ll find out soon enough.
More importantly, how will rising support for cannabis legalization affect businesses currently invested in the industry? Surely those high level investors have a great deal of influence when it comes to passing legislation. After all, we’ve seen what happens when industries lobby against legalization.
Source: Gallup News
Image Source: Vox
What do these results mean for investors in the cannabis industry? Will we see full legalization any time soon?