In the recent elections, Arizona voters favored stricter immigration enforcement, while several states, including Republican-leaning ones, enshrined abortion rights in their constitutions. California saw a backlash against progressive criminal justice reforms, leading to the ousting of District Attorney George Gascón. Additionally, Florida's attempt to legalize recreational marijuana fell short, and most states opted to maintain their existing electoral processes.
If marijuana is reclassified as a Schedule 3 drug, the industry could benefit from reduced taxes and increased investment opportunities. Currently, companies face high tax rates and competition from the illegal market, but several strong players, including Ascend Wellness and Curaleaf, are positioned for potential growth amid ongoing regulatory changes.
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