The “no” aspect narrowly prevailed in New Zealand’s referendum on a cannabis legalization invoice after the ultimate 492,000 votes have been tallied, the nation’s Electoral Commission introduced Friday.

One week in the past, preliminary outcomes confirmed a slim majority of voters in New Zealand had rejected the nation’s referendum on the proposed invoice to legalize and regulate gross sales of adult-use cannabis.

Businesses supporting a regulated marijuana market had hoped the excellent ballots would tilt the outcome of their favor.

However, legalization proponents got here 67,662 votes shy out of two,415,547 votes solid.

New Zealand entrepreneurs at the moment are protecting their concentrate on the nation’s new medical cannabis market.

“The country’s nascent medicinal cannabis industry will continue to grow in importance – both in public health and economic terms,” Paul Manning, co-founder of medical marijuana producer Helius Therapeutics, stated in an announcement.

New Zealand’s Medicinal Cannabis Scheme took impact in April, however the nation will proceed to depend on costly imports till native manufacturing is up-and-running.

Canada and Uruguay stay the one two nations to have legalized adult-use cannabis at a nationwide degree.

View the ultimate outcomes for the referendum on the Cannabis Legalization and Control Bill here.

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