3 years ago
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Investors Flock to Back Legal Weed
Investment interest in the marijuana industry has surged since Colorado and Washington voters in 2012 legalized sales to anyone 21 years and older. Long lines formed when Colorado shops selling pot opened on Jan. 1. A total of 20 states, including California and Massachusetts, now allow the medical use of marijuana, and New York may be next under a plan announced by Governor Andrew Cuomo. ArcView projects the market for legal marijuana will grow to $2.34 billion this year.
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