You don’t have to be a stoner to realize that legal cannabis is an industry ripe for profit. As more and more states and countries move to legalize certain uses of cannabis, investors who fail to put their hat in the ring could end up being some of the dumbest on Wall Street.
The process of legalizing marijuana use across the U.S. has picked up the pace. At last count, 23 states and the District of Columbia have passed laws allowing some degree of legal marijuana use. Globally, at least 25 countries allow marijuana use in varying degrees of legality.
Using weed has also become more accepted by the public. More than 52% of Americans think it should be legal for medical or recreational use, according to the Pew Research Center.
The rise of legal weed can be a smart — but highly risky — investment opportunity for more than