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Sometimes it takes a few baby steps to get things moving, which is what we have with cannabis legalization in New Jersey.
But that's okay, because I'm incredibly excited for the full leap the Garden State can take in November to vote for full legalization.
That will open up a whole new group of buyers and mean dispensaries can sell more products, generate more sales, and stock prices can climb higher.
A report from analysis and advocacy firm, New Jersey Policy Perspective, projects that 343,000 New Jersey residents could spend $1 billion on cannabis each year.
So ahead of this exciting development, I wanted to provide a quick overview of current cannabis laws in New Jersey, what's happening in November, and some of the companies already operating in the Garden State.
Florida was supposed to be huge market for for marijuana legalization in 2020.
So it was a letdown for cannabis investors when the ballot initiative was shot down.
But something is brewing that might have legal marijuana on the table.
It's no secret the coronavirus pandemic has upended the economy.
Retail, travel, and luxury companies have been hit the hardest.
But one industry is trucking on better than ever: cannabis.
In fact, recreational cannabis sales in Illinois are growing despite the crisis.
Legal cannabis sales grew by $1 million between February and March, with sales totaling $36 million in March alone.
That's great for the industry, but the reason why sales are growing is even more important.
Cannabis SPACs will be one of the biggest, and most profitable, marijuana investing trends of 2020.
SPACs, also known as "blank check" companies, are special investments that let entrepreneurs and successful investors raise money through a public offering and use the proceeds to acquire another company.
No matter on which side of the political aisle you sit, election years are a great opportunity for investors.
We here at Money Morning are not concerned with who is in the White House. Our only mission is to help readers make money no matter the political, economic, or social landscape.
Whatever the reality, we want to have a plan to exploit it.
Caliva is a Californian cannabis startup that's getting a big boost from legendary quarterback Joe Montana.
Montana's venture capital fund, Liquid 2 Ventures, has a stake in Caliva.
The marijuana startup raised $75 million funding last year.
The company offers retail cannabis stores and same-day delivery and is using the funding to expand its operations.
But there are even more opportunities out there, you just need to know where to look.
And Joe Montana is here to help.
One of the most exciting parts of the cannabis legalization trend is how universal support for it is.
Although deep in the heart of "red state country," Oklahoma has one of the most liberal medical marijuana laws in the country.
And it's still planning on expanding its cannabis laws.
That's great news for investors.
Today, we'll give you an edge on the market by showing you the five stocks with the most at play in Oklahoma.
When we saw Colorado State University Pueblo start offering a bachelor of science in cannabis, we knew it could be a major catalyst for the whole industry.
This isn't a clever marketing gimmick or novelty either.
The degree will require rigorous courses in biology and chemistry.
While it might sound like a small development, it could have sweeping implications.
Kentucky marijuana legalization has long been a distant possibility, but a shocking new poll from the Foundation for a Healthy Kentucky shows it may not be such a long shot.
The poll's finding show that 90% of Kentuckians favor legalizing marijuana for medical purposes, up from 78% in 2012.
Cannabis exploded onto the mainstream investment scene in 2016 and for more than two years it produced huge wealth for early adopters.
Aurora Cannabis Inc. (NYSE: ACB) stock soared 343% in 2017 alone.
But late in 2018, the wheels seemingly fell off the cart and marijuana stocks fell back down to earth.
Despite Aurora's popularity, there are plenty of other marijuana stocks on the market, so investors can afford to be picky right now.
Michigan raked in $270,414 in taxes on sales of over $1.6 million during its first week of selling legal, recreational marijuana.
Shops couldn’t keep up with demand.
But it gets even better.
The next state to legalize could become a “Marijuana Mecca.”
If you want to get started investing in marijuana stocks, we have the perfect company for you today.
This is an ideal cannabis stock for newcomers.
It's traded on a major exchange, is profitable, and pays investors a dividend.
Today, we'll give you a rundown of why this is an excellent cannabis stock as well as why its unique business model is so effective.
The National Institute of Cannabis Investors says 2019 is the biggest year yet for CBD.
Thanks to the 2018 Farm Bill, the CBD sector has the potential to grow by more than 3,000%.
We are learning that cannabis was found to boost the survival rate from pancreatic cancer, one of the deadliest cancers.
That's just a sign of what's ahead of medical marijuana stocks who are harnessing the power of this plant.