Marijuana In Maine Will Be Legal In 30 Days

Maine's governor says he has signed off on the results of a referendum that legalized marijuana in the state, but he is also calling for a moratorium on sales of the drug.

Voters in Maine narrowly approved of legalized marijuana in November. Gov. Paul LePage said on Tuesday during an appearance on WVOM-FM that everything that has crossed his desk related to the election is now signed.

But the Republican governor says he remains skeptical of whether it is wise for the state to implement legalized marijuana for recreational use. He says it would be appropriate for the Legislature to put a moratorium on the sale of marijuana until a regulatory structure is funded and in place.

Proponents of legal marijuana say regulations will take about nine months to establish. 

Under the new law - which takes effect 30 days after LePage signed off on the ballot result - adults over age 21 will be allowed to possess up to 2.5 ounces of marijuana or grow up to six plants. 

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The Bankers Associations of every US state have voiced their support for allowing legal marijuana businesses access to banking services. As it stands right now, legal marijuana businesses in the US are largely banned from accessing the key banking services that nearly all legitimate business now rely on. Current federal regulations are such that if a bank does choose to work with state legal cannabis businesses, they can be prosecuted under money laundering laws for dealing with an industry that is still illegal on the federal level.

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