The 2012 elections witnessed the first two states to legalize recreational use of marijuana in Colorado and Washington.
Since then, other states have taken action toward legalization and most polls now show more than half of Americans in favor of legalizing recreational use of marijuana and regulating it similar to alcohol and tobacco.
While federal legislation legalizing the use of marijuana may be a few years away, the tide has clearly turned in its favor. This could have huge implications in business and specifically the stocks of companies that stand to benefit from pot legalization.
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