We the People Want Weed, Gambling, and Guns
Legal mary jane looks like it’ll continue spreading across the country, but gambling and gun props will be hotly contested.
9 figure campaign spending has been the norm this midterm cycle, and it’ll be interesting to see how many votes it buys.
- Prop 27 in California, which would allow online gambling, has attracted nearly $400mn in campaign funding
- Iowa and Oregon are proposing opposite gun laws. You can probably figure out which side each is on
- Minimum wage boosts and tax hikes on high rollers could shake the economies of some states
The broad trend here seems to point towards loosening social restrictions. Most of the country has supported legal ganja for a while, but now states like Colorado are dipping their toes into magic mushrooms.
Back in the old days, if you wanted to throw a hundred bucks on an NFL parlay, you used to have to track down that bookie that your cousin knew. Now, FanDuel lures you into the app with free offers that get you hooked on the rush.
There’s a lot of dough to be made through vices, and governments are keen to grab their share. Tax revenues from weed have helped Colorado maintain hefty surpluses, and its stoned residents enjoy new infrastructure and other goodies.
The morality police aren’t as powerful when billions are rolling in from legal vices, which is probably why more and more states stand to legalize and tax the sh*t out of them, making everyone happy.
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