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Marijuana legalization: Public opinion has changed a lot in 50 years, we explore the data

Marijuana legalization: Public opinion has changed a lot in 50 years, we explore the data

This week the state of New York legalized the use of recreational marijuana, becoming the 15th state to do so. With the 19 million people living in New York State added to the total, it means that approximately 130 million Americans now live in a state where marijuana use is legal.

Slow, then fast

Public opinion on legalization has changed significantly in the last 50 years, and attitudes have changed most notably since the turn of the millennium. In 1973, just 19% of those polled believed marijuana use should be made legal, by 2000 that had crept up to around 30% of those polled, but by 2019 that number was 67% — roughly a two-thirds majority (data from Pew Research Center). The shift in attitudes gathered substantial speed since Colorado and Washington became the first states to legalize recreational use, back in 2012.

Something new to tax

Legal weed means that the state government can also tax any legal sales. In New York, the debate around what to do with those tax revenues was arguably the most contentious of the entire issue. In the end lawmakers compromised that 40% of the tax revenue raised would be earmarked for communities that had been most adversely affected by prior marijuana arrests. The vast majority, more than 94% last year, of those arrests were Black or Latino individuals.

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Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

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