Pot stock hits record high as more U.S. states press ahead with legalization
Adults living in states permitting recreational use would more than double to 23 per cent of the U.S. population if all five ballot questions pass next month
The Globe and Mail (Canada)
Wednesday, October 12, 2016
Wednesday, October 12, 2016
As polls indicate California, Massachusetts, Maine, Nevada and Arizona are poised to approve referendums dramatically expanding legal U.S. cannabis use, investors looking for a play in the burgeoning legal U.S. marijuana industry are turning to a company known mainly for its lawn-care products. California alone could triple the nation’s $6-billion (U.S.) legal marijuana industry if voters there approve recreational use next month, according to a Sept. 12 report from Cowen & Co.
