Despite Momentum, Marijuana Remains Risky Business
Matthew Hacker Voters in eight states legalized marijuana last month: recreational marijuana in California, Maine, Massachusetts and Nevada and medical marijuana in Arkansas, Florida, Montana and North Dakota. More than one-fifth of all Americans now live in states with legal recreational marijuana markets, a number that nearly quadrupled in size overnight. Investors hoping to capitalize on new opportunities nonetheless face continued risks, however. This article summarizes the current state of the market and highlights certain of the ongoing obstacles to investing in...
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