New Jersey’s incoming Democratic Gov. Phil Murphy said legalizing all cannabis use in New Jersey is a “2018 priority,” but that didn’t stop current Gov. Chris Christie from offering his two cents.
“It’s blood money. It’s disgraceful and it’s disgusting,” Christie said, according to a Nov. 27 report by The Cannabist.
Money Morning readers can ignore these comments.
Christie is the outgoing governor, and he’s too late to stop the legal cannabis industry – and the profit opportunity it will bring long-term investors.
More on that profit opportunity in just a bit.
In 2016 alone, legal cannabis sales in North America brought in $6.7 billion. By 2020, legal marijuana sales are expected to skyrocket 198%, to $20 billion.
And that number may be too conservative, as states like New Jersey push for cannabis legalization in 2018.