In this episode of High Rise, Cy and Emily delve into the unfolding narrative of Ohio's imminent cannabis ballot initiative. The hosts unpack the Coalition to Regulate Marijuana Like Alcohol's journey to secure signatures, detailing the suspenseful race against time and the subsequent validation process. They outline the proposed legal framework, including the creation of a Division of Cannabis Control and a 10% sales tax on marijuana, with revenue dedicated to a social equity program.
By drawing parallels with Michigan's successful revenue model, Cy and Emily project a substantial market potential for Ohio. The hosts discuss the intricate balance between public sentiment and political opposition, providing insight into the potential influence of Governor Mike DeWine's stance on legalization.