Over the last two months, Canada completely legalized marijuana, while three U.S. states voted to legalize the plant as well.
Both Missouri and Utah voted to allow medical marijuana use, and Michigan voted for full recreational legalization.
The legalization trend is the biggest catalyst we've seen for this new industry. In order to prepare our readers for the potential profits from legalization, the Money Morning team has reached out to its contacts in the cannabis industry in order to identify the next states to legalize marijuana.
We've spoken with company presidents, CEOs, and industry experts who lead the marijuana industry and honed in on two states that are likely to push for marijuana legalization next.
In fact, one state could legalize cannabis within the next six months...
Next State to Legalize Marijuana, No. 2: Illinois
On Nov. 6, billionaire J.P. Pritzker defeated incumbent Bruce Rauner to become the governor of Illinois.
Over the course of his political career, Pritzker has supported a wide range of marijuana legalization initiatives to address Illinois's increasing debt load.
THREE STATES just legalized marijuana, and these three stocks could potentially see a 1,000% boost. Click here to learn more...
He certainly has the numbers and public support to implement marijuana legalization in Illinois.
Pritzker won just one week after the government said that applications for medical marijuana soared to over 44,000, double the number last year at this time.
And it's estimated that legal cannabis could add $350 million annually to the state's tax coffers.
In addition, it could cut down on criminal justice costs in the state, which have overburdened the system. It could also cut down on the number of people in prison for involvement with marijuana.
And throughout Illinois, two-thirds of voters support complete legalization.
In Cook County alone, home to the largest proportion of state residents, voters said yes to a non-binding resolution in favor of recreational cannabis just last spring.
With strong public and political support, it's highly likely that recreational pot will be legal by 2020 in the Land of Lincoln.
However, our top state to legalize marijuana next is even more of a sure thing.
It's a state located in an incredibly lucrative market for marijuana sales. And it could make a killing for investors when it lifts recreational bans...
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Next State to Legalize Marijuana, No. 1: New Jersey
In 2017, New Jersey elected American diplomat Phil Murphy as its new governor.
A significant advocate of medical marijuana, Murphy's election sparked a wave of marijuana innovation in the Garden State with nearly 10,000 new marijuana patients entering the state's record in early 2018.
In addition, the state's legislature is currently debating a bill that would legalize marijuana and lay the foundation for a legal marijuana industry in New Jersey.
Both state Senate President Steve Sweeney and Assembly Speaker Craig Coughlin have noted their support for cannabis legalization.
If New Jersey's government passes this bill, New Jersey would be the second state whose marijuana legalization occurred through legislative action rather than the ballot box.
And it would set the stage for one of the East Coast's largest legal marijuana markets.
Unfortunately, most investors are going to miss out on this revolutionary investment opportunity.
However, you don't have to - you just need a way to get in on the ground floor.
That's why we're letting you in on one of our favorite marijuana investments to date...
These 3 Stocks Are the Key to 2019's Greatest Pot Profits
The 2018 midterm election was a turning point for the cannabis industry.
We expect nothing short of historic profits by the end of the year.
But not all pot stocks will hand you life-changing wins. In fact, often the companies making headlines are least likely to see the biggest gains.
These three stocks, on the other hand, are flying under the radar... for now. Each of them could see exponential stock price acceleration at any moment, and if you get in before that happens, you could turn a token stake into a lifetime of wealth.
I don't know of any other sector providing anywhere near this level of growth now.