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Cannabis Initiatives: Political Oddsmakers Give Advocates Reason To Be Optimistic

Mybookie
MyBookie lays odds on legalization

There is unprecedented support for marijuana legalization, and advocates say the midterm elections could mark the point of no return for a movement that has been gathering momentum for years.

Political oddsmakers at MyBookie agree. Currently the online betting site favors pro-marijuana initiatives to pass in several states on the November ballot, including ultra-conservative Utah.

If voters in all four states approve, 2018 will conclude with 32 medical marijuana states and 11 that allow recreational cannabis for adults. This would add even more to the movement for national reform, applying significant pressure for the repeal of federal prohibition.

It’s been just six years since Colorado and Washington became the first states to legalize marijuana, but in that short time, seven other states and the District of Columbia have followed. On top of that, the entire country of Canada legalized use last week.

Below are odds for each state with initiatives on the November ballet [MyBookie.ag/sportsbook]

Adult Use:

Will Michigan legalize recreational Marijuana before 2020?

Yes       1/2 (-200)

No        8/5 (+160)

Will North Dakota legalize recreational Marijuana before 2020?

Yes       1/4 (-400)

No        3/1 (+300)

Medical:

Will Missouri remove restrictions on medical marijuana before 2020?

Yes       1/2 (-200)

No        8/5 (+160)

Will Utah remove restrictions on medical marijuana before 2020?

Yes       4/6 (-150)

No        11/10 (+110)

Betting Glossary: Favorites (likely winners) have the minus (-) number which correlates to payout. For example, -200 means you’d need to wager $200 to win $100. Conversely, plus (+) numbers are for underdog bets and have higher payouts because they are less likely to happen. +160 means you’d win $160 with a $100 wager.

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