The East Coast Gets Ready for Legal Weed
- Neighboring states to watch Massachusetts market closely
- State’s marijuana revenue seen expanding to $1 billion by 2020
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There’s a new green monster in town: Legal recreational marijuana sales are about to hit the East Coast for the first time -- a possible tipping point for the surging, multi-billion dollar weed industry.
Cannabis becomes legal to sell to those 21 and over at licensed retail stores on July 1 across Massachusetts, the seventh state to create a legal recreational market for a drug still seen as illegal by the federal government. It’s expected to be big business in the state that is home to the Red Sox and Fenway’s famous green wall -- not to mention legions of college students at Harvard and elsewhere.