This Map Shows the 10 States That Could Legalize Marijuana in 2020

Some form of cannabis use has already been legalized in 33 states and the District of Columbia. That includes 11 states that have fully legalized recreational marijuana.

And the next wave of legalization is just months away. During the 2020 election, marijuana reform should be on the ballot in another 10 states.

Make no mistake: This is by far the biggest catalyst for cannabis stocks we've ever seen.

According to research by the National Institute of Cannabis Investors, the legal marijuana market was valued at $10.8 billion in 2019. And they believe full cannabis legalization in the United States could cause the market to jump to $300 billion in value.

That's why the 10 states voting on marijuana legalization in 2020 are so important to marijuana stocks.

The 10 states are:

  • Arizona
  • Arkansas
  • Florida
  • Idaho
  • Mississippi
  • Missouri
  • Nebraska
  • New Jersey
  • North Dakota
  • South Dakota

And while every state that passes marijuana reform will be a boost to cannabis stocks, one state in particular could have a massive impact on the sector.

Marijuana Stocks Could Soar if This State Legalizes Cannabis in 2020

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With a population over 8.8 million, New Jersey is the 11th largest state in the country.

In December 2019, New Jersey lawmakers passed a ballot measure that will add the legalization of recreational cannabis to the 2020 ballot.

The proposal will ask all voters whether the recreational use of marijuana should be legal for those over 21 years of age.

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The ballot measure is the culmination of two years of debates among state lawmakers. New Jersey Gov. Phil Murphy has supported legalization, but the measure needed to be passed by the state assembly.

Under the proposal, marijuana would be taxed at the state's standard sales tax rate of 6.625%.

And it looks likely the measure will pass. According to a Monmouth University poll, roughly 68% of citizens in the state are in favor of legalizing cannabis.

That would make New Jersey just the fourth East Coast state (plus Washington, D.C.) to legalize marijuana fully.

While the election is still 10 months away, there is a way for investors to start profiting immediately...

This Cannabis Sector Is on the Fast-Track to Record-Breaking Sales

Our experts predict that sales in the hemp CBD market will hit $22 BILLION in the next 12 to 36 months... that's a 3,622% increase by 2022.

And investors who get in now could see up to 1,000% returns on their investments.

That's why we've got our eye on one tiny cannabis company that could help you turn a grubstake into once-in-a-lifetime gains.

If you're ready to dive into this sector of the cannabis market, find more details here.

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