A brand-new market created before our eyes isn’t something you see every day — but that’s exactly what happened in 2016.
On Nov. 8, eight states around the country voted to legalize, either recreationally or medicinally, marijuana.
Today, legalization movements have gained more traction than they’ve had in decades. Marijuana is now legal in more places than it has been since the first anti-marijuana laws started appearing in the early 1900s.
The potential for medical use has led a number of states to decriminalize or legalize marijuana for medical purposes — although marijuana is still illegal at the federal level. This remains a major impediment to the use of the substance or to the use of drugs derived from it.
– Read the entire article at Daily Reckoning.