This Map Shows the 10 States That Could Legalize Marijuana in 2020

Cannabis

According to research by the National Institute of Cannabis Investors, the legal marijuana market was valued at $10.8 billion in 2019. And they believe full cannabis legalization in the United States could cause the market to jump to $300 billion in value.

That's why the 10 states voting on marijuana legalization in 2020 are so important to marijuana stocks.

The 10 states are:

• Arizona

• Arkansas

• Florida

• Idaho

• Mississippi

• Missouri

• Nebraska

• New Jersey

• North Dakota

• South Dakota

And while every state that passes marijuana reform will be a boost to cannabis stocks, one state, in particular, could have a massive impact on the sector.

Marijuana Stocks Could Soar if This State Legalizes Cannabis in 2020

With a population of over 8.8 million, New Jersey is the 11th largest state in the country.

In December 2019, New Jersey lawmakers passed a ballot measure that will add the legalization of recreational cannabis to the 2020 ballot.

The proposal will ask all voters whether the recreational use of marijuana should be legal for those over 21 years of age.

Read More at source: Money Morning

Image Source: Money Morning