Even just a decade ago, many of those who supported widespread legalization of marijuana carried a heavy stereotype: left-leaning hippies who only wanted legal pot so they could smoke it freely.
But today, that characterization couldn’t be further from the truth. There are 29 states in the U.S. that have some form of medical and/or recreational weed legalized. The international cannabis industry is worth about $7.7 billion now and is expected to grow to as much as $30 billion by 2021.
A record 64% of Americans polled by Gallup think marijuana should be made legal across the U.S., and a record 45% of Americans have tried marijuana.
What was once a red and blue issue has now attracted a growing set of proponents from both sides of the aisle. If you think legalizing pot is about politics alone anymore, you’re one of the dumbest on Wall Street.
Credit: thestreet.com
