These states will vote on cannabis legalization in November

Voters in Arizona, Montana, New Jersey and South Dakota will decide whether to legalize and tax recreational marijuana in November, while Mississippi residents will get to consider legalizing cannabis for medical purposes, according to CNBC and CNN.

Why it matters: Legalization in additional states could be a big opportunity for the marijuana industry, and new tax revenue from potential sales could help states and cities balance budgets hit hard from the coronavirus pandemic.