Monday Market Update

Mississippi and Marijuana


Recently Mayor Dobson hosted a signature gathering event for Medical Marijuana Campaign 2020.  So, what’s this all about, and what could it mean for our area?  

If approved by Mississippi voters, it would allow physicians to certify the use of medical marijuana for patients who have debilitating medical conditions and then allow their patients to obtain medical marijuana in a legal and safe manner from licensed treatment centers that are regulated by the Mississippi Department of Health.  In order for this initiative to appear on the November 2020 ballot, 86,000 registered voters in Mississippi must sign the petition in favor of the initiative.  For info and how to sign a petition, go to: 

https://www.medicalmarijuana2020.com


In my research, I discovered an interesting article on forbes.com by Art Carden, Associate Professor of Economics at Samford University in Birmingham, Alabama about home values and retail marijuana sales.  In it, he wrote about how home values have increased 6%, or an average of $15,000, in Denver, CO since recreational marijuana sales became legalized.  Could that ever happen in Ocean Springs?  Tell us what you think.


To read the forbes.com article, click on:

https://www.forbes.com/sites/artcarden/2018/07/17/legalizing-pot-sales-means-higher-home-values/#79edd0a27e8f

30 states and the District of Colombia have legalized marijuana in some form. For a list of states, and details, go to:

http://www.governing.com/gov-data/safety-justice/state-marijuana-laws-map-medical-recreational.html