For venture firms, hope and anxiety surround legal cannabis market

Cannabis Legal Marijuana
2012A marijuana leaf is displayed at Canna Pi medical marijuana dispensary in Seattle, Washington, November 27, 2012. Washington State's Initiative 502, that was approved by voters in the November 6, 2012 general election, legalizes marijuana in Washington State effective December 6, 2012. Marijuana remains illegal at the Federal level. Picture taken November 27, 2012. REUTERS/Anthony Bolante
Since the Nov. 8 elections, when eight states voted to legalize recreational and medical marijuana, adding to the current tally of 27 states and Washington, D.C., investors in the legal cannabis space are feeling alternately excited and nervous. The latter ...

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