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The majority voted in favor of legalization either medicinal or adult-use of marijuana, which signals state officials that they should proceed with the necessary reforms.

As of late Tuesday night with 43 per cent of polls reporting, MI voters appeared to vote in favour of legalizing recreational cannabis for anyone 21 years old or older in the state, with about 57 per cent of voters approving the ballot measure while 42 per cent voted against it.

MI is significantly less restrictive than other states with legalized weed - while most others only allow residents to possess up to one ounce of bud, MI residents will be allowed to hold up to 2.5 ounces. Its proposal also levies a 10 percent sales tax on pot sales.

Unlike Michigan's measure, North Dakota's rejected measure didn't receive any significant funding from outside groups. While an amendment to legalize recreational cannabis in North Dakota failed, voters in Utah and Missouri passed measures to make marijuana available for medical use.

Missouri also voted to legalize medical marijuana Tuesday.

MI voters overwhelming favored the legalization of recreational marijuana, but that doesn't mean you can pull out a victory cigar... or blunt, just yet.

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Voters in 37 states considered an array of intriguing ballot measures.

The proposal allows people 21 and older to possess, use, and buy cannabis for recreational use. Moreover, people are allowed to grow up to six plants for personal medical use if they live more than 100 miles from a dispensary.

One example of a possible timeline for MI comes from Colorado: Voters approved recreational marijuana in November 2012, but it didn't officially become legal to sell until 2014. There were some potential pitfalls with the drafting of the measure, which lacked any provisions to regulate the marijuana industry in the state. Amendment 2 sets a marijuana tax of 4 percent, but doctors are allowed to recommend marijuana for any condition they see fit.

There were three statewide proposals on Tuesday's ballot.

"Encouragingly, support for cannabis achieved bipartisan support previous year and Republican support was up 2 percentage points in 2018 to 53 percent", Azer told CNBC last week.

In Ohio, five cities voted to decriminalize marijuana.