Related: What’s Holding Back Marijuana ETFs?
MJ launched just days before California opened stores for legal sales of recreational marijuana. Recreational marijuana use was legal in the largest state throughout 2017, but the opening of retail outlets dedicated to legal weed sales was prohibited until the start of 2018.
“Still, if federal and state regulations ultimately align, what some might see as a replay of the Gold Rush could in fact become a pot of gold for smart, patient investors,” according to Forbes.
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