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How to legally invest in pot companies


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Editor's Note: This article may contain some helpful tips for wannabe investors in the industry (and so I wanted to share it), but I can't help but cringe every time I see an article about the cannabis business refer to "stoners" or "potheads." 
Score one for the stoners: The pot industry is poised to be gigantic as more states embrace legalization. And, if you want to get in on the ground floor, several advocates say now is the right time to bet big on marijuana.

"Overall public opinion of marijuana has changed," said Dan Humiston, president of the International Cannabis Association. "The stance has just softened. With time as the population ages, a lot of the generations that were really opposed to it are being replaced with the generations that are comfortable with it."

Bloomberg reports that the cannabis industry had a market capitalization of $3 billion as of April. There's currently more than 50 publicly traded pot-related companies. Twenty-four states have legalized medical marijuana, and recreational use for adults has been approved in Washington, Colorado, Alaska, Oregon and Washington, D.C.

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