Last week, the New Jersey marijuana vote fell through, and legislators punted until the end of the year. But despite the negative outcome, we're still encouraged by what we saw.
The defeat was a significant blow to legalization advocates who hoped to put the Garden State at the forefront of the nation's legalization efforts – and create huge profits in the process.
However, there's a silver lining to legal marijuana's defeat in New Jersey. New Jersey's legalization effort is the latest sign that the national marijuana movement is gaining real momentum.
More importantly, it means investors should be paying close attention to the emerging legal marijuana market.
Today, we're going to show you what New Jersey's latest showdown tells us about the future of the legal marijuana market.