Although it has one of the oldest medical marijuana laws on the books in the United States, Louisiana took steps just last year to lay the groundwork for a regulated MMJ program and a viable cannabis industry.
Pennsylvania's medical marijuana market is positioned to become a large one, but the business opportunities will be limited with hundreds of applicants from across the nation expected to compete for a finite number of licenses.
A well-established patient pool should allow Hawaii's eight licensed medical marijuana companies to hit the ground running - once they harvest and process their first crop of cannabis, which is expected this year.
Buoyed by the state's reputation as an East Coast tourist mecca with a dramatic coastline, the recreational marijuana market in Maine should generate plenty of opportunities for cannabis businesses - provided delays don't hamper the industry's rollout.
California’s recreational marijuana market has the potential to dwarf all others as long as workable statewide regulations are ironed out, municipalities allow adult use and legal businesses can supplant the state’s thriving black market.
Nevada's recreational marijuana market is expected to be tightly regulated and slow to launch, but once the industry does take flight it's likely to become a major player on the international MJ scene.
Massachusetts' new recreational marijuana industry is expected to offer many opportunities for MJ-related entrepreneurs - provided state lawmakers don't slow or extensively revamp the program and municipalities permit retail shops.