Cannabis Cos. May Want To Consider Redemption Provisions – Law360

Law360 (November 6, 2020, 4:00 PM EST) — The cannabis industry was a clear winner of the 2020 election cycle, providing further validation that the industry is poised to expand across the country. All five states with a cannabis measure on the ballot — New Jersey, Arizona, Mississippi, South Dakota and Montana — passed their respective measures.

Of these five states, four voted to legalize adult-use, recreational cannabis. South Dakota, one of the four, was the first state to go from total prohibition to legalizing adult-use and medicinal cannabis. This means that about one in three Americans now live in a state where the cultivation, sale and use of…

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