The market for marijuana is exploding as Americans overwhelmingly embrace legalization. Analysts are projecting tens of billions of dollars in future marijuana sales, making this an intriguing market for investors.
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From a headline perspective, the first week in November was monumental for the cannabis industry. Nevada awarded 371 preliminary business licenses, and three out of four pro-cannabis legislation efforts were passed.
With pot now legal in two states for the past year,and decriminalized, conditionally legal, or medically prescribed in many more, ganja startups are gaining traction — and the growth potential is huge, if other states legalize.