Oregon Approves Marijuana Legalization
The measure is fairly similar to the law approved last election cycle in Colorado. It makes it legal for adults age 21 and over to possess, use and grow a limited amount of marijuana at home. It also created a taxed and regulated system for the retail sale of recreational cannabis. Marijuana will be subject to a tax rate of $35 per ounce and regulated by the Oregon Liquor Control Commission
Oregon is so far the second major jurisdiction to vote for marijuana legalization today. Earlier the voters of D.C. approved initiative 71, which would legalizes the possession and home cultivation of marijuana for adults. The two victories prove there is real momentum for marijuana reform in the country.
Marijuana legalization is also on the ballot in Alaska but final results for that might not be known for a few days depending on how close it is.