Wall Street’s fat cats will be just fine with Americans rolling fat joints en masse once the other 48 states go the way of Colorado and Washington on the marijuana legalization issue. Sure enough, as Capital New York’s Joanna Molloy put it, “Marijuana is going corporate.”
Investors are becoming emboldened and putting their money into an expected $3 billion cannabis market this year—double that of 2013—from sales in medical dispensaries in 20 states and D.C., and in retail boutiques in Colorado and Washington, where recreational use is now legal. Continue reading “Where ‘Canabusiness’ Goes, Wall Street’s Sure to Follow”

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