South Dakotans for Better Marijuana Laws (SDBML) submitted signatures in May of 2022 to the Secretary of State to place an adult-use cannabis legalization measure on the state's November ballot after the last voter- approved legalization initiative was struck down by the South Dakota Supreme Court.

The proposal would legalize the personal use, posession and cultivation of cannabis for those 21 years and older. The state's lawkmakers had made attempts to legalize adult-use during this year's legislative without success, leaving this campaign as the final option for full legalization in 2022.

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There is no notable activity at this time.

With a population of ~900K, attractive assets will be based on each municipality. It’s hard to see many scaled and profitable operations here. Look for retail with strategic moats around Bass Pro Shops and the local minor league team.