A recent Pew Research Center survey found that more than half of Americans now favor legalizing marijuana.
The survey, coupled with the growing number of states that have passed laws legalizing recreational and medical use of pot, helps explain why there’s increasing talk of big tobacco and big pharmaceutical companies investing in the marijuana industry.
Marijuana is still illegal at the federal level, but if Big Business takes an interest who knows what could happen.
The Wall Street Cheat Sheet offers an interesting analysis of Big Business and marijuana investment: Is a Cash High Coming for the Marijuana Industry
Would you buy stock in a pot company?
Click here for the Pew survey.
WeGrow — a retailer that caters to medical marijuana users — is opening its first East Coast
location in the nation’s capital, according to news reports.
Wow! If you thought we had a do-nothing Congress now, wait till the boys on the hill have easy access to the plant food, grow lights and all that other stuff needed to cultivate their own pot.
Maybe it won’t be so bad after all. Some of those guys could stand to mellow out. It certainly would make for interesting back room deals.
AP: Capital gets garden store for medical pot growers
Photo: In this Jan. 11, 2010 photo, a worker shows a marijuana bud for sale at the Lotus Medical dispensary in Denver, Colorado. (Associated Press files)