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How New York Voters Can End Prohibition

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As a libertarian, these words really hit a nerve with me…

We have a once-in-a-lifetime opportunity in New York to peacefully seize control of our government this November 7.

Cannabis legalization advocate Jerome Dewald pulled no punches when describing the opportunity we have before us to end cannabis prohibition in the state of New York.

In a recent piece entitled, “Tyranny in Albany on Independence Day,” Dewald explained how, in just two years, New York voters could end the state’s prohibition on cannabis—and do so on their own terms.

You see, New York State currently allows for the use of medical cannabis, but the program is incredibly restrictive, cumbersome and inefficient. Only those with very severe and life-threatening conditions can “get permission” from the state to legally purchase and consume cannabis. Many actually believe the program was designed to fail from the beginning, as most politicians outside of the city have no interest in supporting legalization. Meanwhile, more than half of New York’s population favors legalization.

Other states that have legalized adult-use cannabis were up against similar barriers before prohibition was lifted, but those barriers were broken down thanks to the ballot proposal process, which allows voters, not bureaucrats, to decide the fate of a particular issue.

Unfortunately, the New York State Constitution has no such provision. But that could soon change.

On November 7, voters will have an opportunity to approve a state constitutional convention. If voters decide to approve the constitutional convention—which can only be held once every 20 years—they could then have the opportunity to vote on a ballot measure similar to other ballot measures that allowed for adult-use legalization in states where the cannabis industry has since bolstered local economies and created tens of thousands of new jobs.

Here’s a rough diagram that details the process …

So Jerome Dewald, who is the acting executive director of a group called Restrict & Regulate in NY State 2019, is trying to get the word out to New York voters that they do have a voice—if they choose to use it.

As one would expect, a number of legislators don’t want a constitutional convention. Why else would the proposal be on the back of the ballot? And pollsters at Siena College found that 72 percent of voters don’t even know it’s on the ballot. So clearly, Dewald has his work cut out for him.

But here’s the thing…

I have no doubt that if every legalization advocate in the state of New York knew about the constitutional convention and the potential ballot measure, each and every one of them would vote “yes” on the constitutional convention.

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The truth is, we often hear about how voters do have power. I’ve always been a bit skeptical of that when it comes to national elections, but in terms of local action, I do believe “the people” have a voice. And in this case, “the people” could do a lot more for the state than any single politician.

With the passage of a ballot measure to legalize adult-use cannabis, tens of thousands of new jobs would be created. Changes could be made to the state’s medical cannabis program that would make it easier for sick folks to medicate as they choose, as opposed to medicating as the state chooses, and New York’s struggling farmers would even have an opportunity to grow industrial hemp, which would serve as a very valuable commodity crop.

There really is no rational excuse for maintaining the prohibition of adult-use cannabis in New York, but make no mistake—few politicians have any interest in changing the status quo. That’s why it’s up to the good folks of New York to lead this very honorable revolt against prohibition.

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Jeff Siegel's been active in the financial publishing business since the mid-90s. A true capitalist, Jeff has made his fortune in what's known as socially-responsible investing, focusing primarily on alternative energy and transportation markets, sustainability, legal cannabis, and agriculture. He's a regular on the conference circuit, and every now and then you might find him appearing on Fox, CNBC, or Bloomberg. From 1994 to 2001, Jeff worked for Agora Publishing, one of the largest financial newsletter publishers in the world, before packing his bags and traveling across the globe in search of mega-trends and his own version of nirvana... He found both in the world of "green" markets. Jeff's early analyses of alternative energy and socially-responsible investing drew much criticism from the status quo. His unapologetic capitalist spirit, and abrasive nature didn't earn him many accolades from colleagues, either... But after accurately predicting dozens of trends in the ever-changing landscape of "green" market investing, many have since traded their preconceptions of socially-responsible investing for profits. Often declaring, “Capitalism is a catalyst for positive change,” Jeff continues to spot the most lucrative renewable energy, organic food and cannabis companies in the world. And his thousands of loyal readers have made small fortunes in the process. Each week, Jeff shares the latest in "green" market news as well as his own market updates and recommendations. Jeff also works as a consultant, has been a featured guest on Fox, CNBC, and Bloomberg Asia, and is the author of the best-selling energy book, Investing in Renewable Energy: Making Money on Green Chip Stocks and is the co-author of Energy Investing for Dummies. http://www.wealthdaily.com/editors/jeff-siegel

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