Canadian cannabis, psychedelics industries cheer state measures in U.S. election

TORONTO – Canadian cannabis and psychedelics companies that have been eyeing the U.S. market have a few new reasons to celebrate.

Through U.S. election ballot questions, five states — Arizona, New Jersey, South Dakota, Mississippi and Montana — this week voted in favour of legalizing recreational or medical cannabis, while Oregon supported the sale of psilocybin mushrooms and Washington, D.C. decriminalized some psychedelic drugs.