Last year was an interesting year to say the least. Colorado basically became the first state to effectively legalize marijuana for recreational use and since then, voters in a few other states — Oregon, Alaska, and the District of Columbia — decided that they wanted in on those generous tax revenues as well.

The legalization of medical marijuana was by no means a new concept in the United States, as California made the decision to legalize medical pot back in the mid-1990s. But, even though public support of the substance has grown immensely over the past several years (with a 52% majority in favor of legalization, as of this past November), recreational legalization of an “illicit” substance still came as a surprise to many Americans.

Click here to read the entire article on Wall Street Cheat Sheet.

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