"Ohio's Issue 2: Impact on Marijuana Industry and Gun Owners"
The struggling marijuana industry is hoping for Ohio's Issue 2, which would legalize recreational marijuana for adults, to help boost its bottom line. Despite marijuana sales growing nationally, the industry has largely struggled to make a profit. Companies like Scotts Miracle-Gro, which has seen its stock plunge, are looking to state and federal legalization to provide a much-needed boost. While state legalization has not proven to be a panacea in the past, industry leaders believe that federal legalization is the ultimate solution. However, they still see potential benefits in state legalization, such as job creation and economic development. The recreational pot market in Ohio could reach $2 billion if Issue 2 is approved. Challenges facing the industry include oversupply, competition from the black market, and federal restrictions on banking and tax deductions.