Marijuana Stocks: How to Invest in Weed — and Pros and Cons of Putting Your Green in Green
enthusiasts: Have you heard of the "green rush"?
That's shorthand for the growing scramble among investors to profit from the an increasingly permissive attitude toward pot in the United States.
The rush began gaining serious momentum after the Justice Department issued a 2013 memo tacitly discouraging local officials from enforcing federal drug laws in states like Colorado and Washington, which had previously passed ballot measures legalizing recreational use of marijuana for adults.
Known as the Cole memo, it's still largely seen as the main "on the books" guideline from federal authorities as to which laws states with legal pot must actually enforce.
Since then, seven states have also legalized recreational marijuana use — California, Massachusetts and Nevada most recently.
That's prompted many to start getting into the industry — regardless of whether they live in a legal state.
As Steve DeAngelo — co-founder of The ArcView Group, one of legal...
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