Outside the Box: Invest in marijuana? What are you smoking?


The first government license in the United States to allow the scientific study of marijuana for its pharmaceutical profit potential became effective only a few weeks ago.

The Washington State Liquor & Cannabis Board announced it would issue “the state’s first license to produce, process and possess marijuana for research purposes.” As you might deduce from the name, a board that formerly regulated alcohol sales added marijuana regulation to its mandate after voters in Colorado and Washington legalized recreational use in November 2012.

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