Investors Smell Profit in Marijuana Ballot Measures

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Investors smell profit in marijuana ballot measures

Flickr / Nakashi / (CC BY-SA 2.0)

With marijuana legalization measures on the ballot in nine states Tuesday, investment opportunities are attracting money from Wall Street, Silicon Valley and publicly traded companies.

Much of the new money is avoiding direct investment in marijuana cultivation and sales, which remain illegal under federal law. Instead of getting their hands “green,” new investors are putting their money into ancillary products, such as fertilizer,grow lights, software and payroll services.

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