recreational cannabis sales

Tiny U.S. Territory to Make Legalization History

The pot landscape is set to change irrevocably in just over two months, on October 17, to be exact. That is when Canada is set to make recreational sales legal for adults, which will make it the first industrialized country to take this step, and the second country to legalize weed for adult use, the first being Uruguay. Embracing recreational cannabis sales is likely to generate around $5 billion in added annual sales, this on top of what domestic and export sales of medical pot already brings in. These exorbitant dollar figures are the reason investors have been pumping up valuations of pot stocks over the last two years or so. However, another tiny little speck on this earth is about to outdo everyone else. Canada is not the only country, state or territory busy moving legal marijuana forward. As Forbes reported recently, one U.S. territory seems about to greenlight …

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