The majority of U.S. states now allow some form of cannabis sales and while investors may be tempted by the growth potential of these new markets, the industry remains nascent, making its risks worth considering.
This week, New Jersey took the final step to allow cannabis sales to adults, opening a new market on Thursday. Vermont will open its retail stores on May 1. With these additions, Bank of America projects about a third of the U.S. population lives in a state that allows cannabis sales to those over 21 years of age.
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