Story updated Sept. 21, 2017: So far, there are 28 states that have legalized marijuana, including the District of Columbia.
All 28 permit the sale of medical marijuana; eight have legalized or decriminalized recreational marijuana.
Take a look at the chart below…
There has been a major shift in support of marijuana legalization over the past few decades. In fact, the rate of by-state legalization has been surging…
Starting with Oregon in 1973, individual states began to liberalize cannabis laws through decriminalization.
In 1996, California was the first state to legalize medical cannabis, sparking a trend that spread across most other U.S. states.
In 2012, Colorado and Washington became the first states to legalize cannabis for recreational use.
And 2016 was a whirlwind year for marijuana. Last year, Ohio, Florida, North Dakota, Arkansas, and Pennsylvania legalized medical marijuana, Illinois decriminalized it, and California, Nevada, Maine, and Massachusetts legalized recreational marijuana.
Fortunately for the marijuana industry (and investors), this trend is likely to continue…
2018 Will Be the Year for Investing in Marijuana
"[Over the past year] weed investing's only gotten bigger, better, and more profitable," according to Money Morning Director of Technology & Venture Capital Research Michael Robinson.
NEW: Plot your course to a seven-figure weed windfall with the top pot stocks from every ecosystem – growers, edibles, dispensaries, and more. Read more…
Michael is our renowned technology expert and one of the top financial analysts working today. What's more, Michael is also our chief marijuana industry expert – and for good reason.
He's been a board member for a Silicon Valley venture capital firm and a senior advisor to 12 high-tech startups.
He's also a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style.
His research is world class, too. The Oakland Tribune, Detroit News, The San Francisco Examiner, The Kansas City Times, Wealth Magazine, and American Banker have all published his reporting. He's even appeared on Larry King's syndicated radio show and is a regular guest on CNBC's "The Rundown" and FOX Business Network's "Cavuto: Coast to Coast."
And this time last year, Michael released his "weed investor's bible," The Roadmap to Marijuana Millions. At the time, it was packed with 30 of his absolute favorite – and most profitable – plays in the still-booming legal cannabis sector.
Money Morning Members who received a copy of Roadmap saw 10 double-digit winners and eight triple-digit winners… 291% gains… 193.3%… 185.5%; one recommendation even saw peak gains of 1,588%.
And he's now looking at four key events on the horizon that could lead to even more profits for investors:
- California's upcoming legal marijuana declaration
- Canada's total legalization of marijuana
- Increase of cannabis-based treatments from top pharmaceutical companies
- Major convergence of cryptocurrencies and legal cannabis
"These four watershed events in marijuana investing will happen over the next 365 days," Michael told readers on Sept. 14. "I'm sharing these predictions with everyone for the same reason I've shared some of my best weed investing recommendations: The profit potential is enormous."
Michael wants to make sure Money Morning Members know how to get the latest recommendations and research in his updated Roadmap to Marijuana Millions. He's expecting 2018's profits to top this year's biggest gains, so it'll be released shortly. Click here to learn how to get your copy now.
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