What happened Several marijuana stocks did well on Thursday, particularly Curaleaf Holdings (OTC: CURLF), which closed nearly 6.3% higher. That's likely due to legislative developments in New Jersey. So what The state's Assembly -- one of its two legislative chambers -- passed a bill Thursday decriminalizing possession of up to two ounces of cannabis. If the measure passes in the state Senate and is signed into law by Governor Phil Murphy, it will become law (though I have to note that a similar bill was recently introduced in the latter body but hasn't yet been put to a vote). This should be considered only a step toward full legalization of recreational marijuana in New Jersey. After all, a public vote on this will be held this coming Election Day, and recent polling indicates robust support in favor. Image source: Getty Images. Happily for Curaleaf, it's one of only a few multi-state operators (MSOs) with a presence in the state, where at least the medical form of the drug is currently legal. The company operates a dispensary in the southern municipality of Bellmawr, which is just across the Delaware River from Philadelphia. Now what Decriminalization isn't legalization, so even if the bill passes into law, it won't affect Curaleaf's business much. Rather, investors are looking to November; this legislative move indicates that full recreational legalization will occur then. At that point, Curaleaf and other marijuana companies will start to benefit directly. Here's The Marijuana Stock You've Been Waiting ForA little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. And make no mistake – it is coming. Cannabis legalization is sweeping over North America – 11 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks. Simply click here to get the full story now. Learn moreEric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source