Oregon election representatives have announced that enough signatures have been collected to allow for a marijuana legalization measure to be on the ballot this November.
The Initiative Petition 53, if passed, will control the cultivation and retail sale of marijuana to adults in Oregon. Analysts expect just shy of $90 million in tax revenue to be raised in the first two years of legalization alone.
Residents will also be permitted to grow their own marijuana if they so choose. In this case, they would be allowed to grow up to four plants at a time and possess up to eight ounces.
With over 50% of registered voters supporting the legalization of marijuana for recreational use, the odds are certainly in their favor, but we will have to wait until November to find out what the people of Oregon will choose.