Will the "First State" Be the Next to Legalize Recreational Marijuana in Early 2018?

Unless you've been living under a rock, you're probably well aware of the blazing quick growth pace of the legal marijuana industry -- as well as why investors have been gravitating to marijuana stocks, many of which have more than doubled over the trailing 12-month period.

According to cannabis research firm ArcView, North American legal weed sales, including both recreational and medical pot, launched 34% higher in 2016, to $6.9 billion, and they're slated to grow to an estimated $21.6 billion by 2021. Considering that more than $46 billion in North American pot sales were conducted under the table last year, there's a perceived-to-be multiyear double-digit percentage growth opportunity still to come for the legal weed industry.

Image source: Getty Images.

Source: Fool.com