Michigan Legalizes Recreational Marijuana

Michigan voters have made their state the 10th in the U.S. to legalize marijuana for recreational purposes.

Michigan LegalizesProposal 18-1 has been given approval this evening by Michigan voters, with over 55% in support. Put forth by the Committee to Regulate Marijuana Like Alcohol, the initiative legalizes the possession of up to 2.5 ounces of marijuana, or up to 10 ounces at a private residence, for those 21 and older. The measure also legalizes the personal cultivation of up to 12 marijuana plants.

In addition, the initiative legalizes a licensed and regulated system of marijuana retail outlets, which will be supplied by licensed cultivation centers. Marijuana will receive two taxes; a 10% excise tax plus the standard 6% sales tax.

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