FLASH: Right Now You Have To Be ‘High’ To Invest in Marajuana Stocks
Now, with the 1st round of Democratic Party debates complete, we are seen the Dem Presidential hopefuls discuss everything from gun control, to immigration, to economic policy. But 1 topic that has been absent is US marijuana legalization, and for marijuana stock Bulls, that is not a good sign.
It is worth noting that this is the most pro-Marijuana legalization group of potential Presidents ever seen. Almost all of the major candidates have come out in support of marijuana reform to one degree or another.
Consider how well the legal marijuana industry has done since cannabidiol (CBD) became a prominent drug in the United States.
The US CBD market has single-handedly helped drive growth for lots of marijuana stocks and it represents the next big market for some of those companies.
Total recreational marijuana legalization across the country would open up the largest and most lucrative pot market in the world. And as you would expect, marijuana stocks would rise as a result.
Not to mention that a number of US marijuana IPOs that would happen. giving investors new opportunities to get in on the ground floor with high-growth-potential stocks.
Marijuana legalization not seeing any stage time in the 1st 2 Democratic Presidential debates.
The Big Q: Has it been forgotten?
The Big A: Not by Cory Booker, “I am absolutely disappointed that wasn’t an issue when you see voters turning out this issue all over the country,” said Sen. Cory Booker after the first debate, in which he participated.
“I would like to see the federal government end its making marijuana illegal and pull back and let the states do what they want.
“But I am also one of those people that thinks you cannot talk about marijuana legalization if in the same sentence you’re not talking about expunging the records of those Americans who have criminal convictions for doing things that 2 of the last 2 of the last 3 residents admitted to doing.”
This is important for a number of reasons because, while Senator Booker is not a front-runner, he is not a total long shot either. He is a well-known name for political wonks and many casual observers, and he has a remote chance to emerge as the Democratic nominee.
Another important aspect of Senator Booker’s statement is the part that deals with incarceration. This is a hot-button issue among Democrats. Many are avowedly against mass incarceration and for social justice, especially in the racial context.
Then, dealing with the marijuana issue would provide a nice tool to hit all those marks, while garnering support from some marijuana smoking younger voters.
Analyst Take: The biggest gains in the marijuana stock market will only be generated once we see Marijuana legalized federally in the United States.
That could happen as early as Y 2021, but politicians who support the drug now must reform to throw their weight behind it on the national stage. That would make marijuana a win-win, as the market is seen to be nearing $200-B nationally when/if legalized.
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