The Next State to Legalize Medical Marijuana Could Be...Nebraska?

When it comes to high-growth industries, there's very little, if anything, that can top the marijuana industry. In just 21 years' time, more than half of the country has legalized access to medical cannabis, and over the past four-plus years, we've witnessed eight states (along with Washington, D.C.) legalize recreational pot.

This expansion has led to some very large dollar figures being thrown around. In Colorado, sales of legal weed totaled more than $1.3 billion, representing a greater than 30% jump from the $996 million reported in 2015. Recreational marijuana sales accounted for $875 million, with medical cannabis totaling roughly half of what was sold on the recreational side of the equation in 2016. This led Colorado to collect nearly $200 million in tax and licensing revenue.

Image source: Getty Images.

An even more robust growth story is expected in California, which is one of...

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