A group behind legalizing leisure marijuana in Montana mentioned it’s submitting for verification roughly 52,000 signatures – greater than double the required quantity – to qualify a November ballot initiative that might regulate and tax adult-use MJ gross sales within the state.

New Approach Montana began accumulating signatures May 9, observing strict public well being protocols, after it was denied permission to assemble digital signatures.

The Helena-based group is also submitting signatures to authorities officers for a complementary initiative that might set a authorized minimal age for buying, consuming or possessing marijuana at age 21.

The poll initiative that units up a regulated market contains these key elements:

  • The state Department of Revenue would license and regulate the trade. The enterprise license utility course of would start by Oct. 1, 2021.
  • Smokable flower gross sales could be permitted. Products could be required to be examined for efficiency and contaminants.
  • A 20% retail tax could be assessed on adult-use merchandise.

New Approach Montana mentioned the governor’s funds workplace estimates that marijuana tax income will attain $48 million a 12 months by 2025, which might equate to a $240 million-a-year market primarily based on the 20% tax price.

Pepper Petersen, spokesperson for New Approach Montana, mentioned in a press release that the group “worked around the clock” in all 100 state House districts “so that Montana voters could sign our petitions safely and qualify these popular initiatives for the November ballot.”

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