Good afternoon - If you’re a cannabis investor, you’ve had a rough couple of years. The bullish days of 2018 seem like a long time ago. There have been supply issues. Demand issues. And of course, legal issues. And then, when Canada legalized recreational marijuana throughout the country, it was supposed to open up the flood gates. But that hasn’t materialized. In fairness, part of that was due to the Covid-19 pandemic. But now, there appears to be a growing glimmer of hope. The United States has already legalized medical marijuana in several states. And the country is beginning to warm up to recreational marijuana as well. This doesn’t mean that cannabis will be legalized at the federal level. However, it means that whichever candidate wins the election, there is likely to be a strong push to legalize recreational cannabis. And that would be the impetus that could make 2021 the year when cannabis stocks begin to live up to their promise. If Joe Biden wins the presidential election, it’s likely that a “Blue Wave” will allow the Democrats to control both Congress's houses. But even if President Trump successfully wins a second term, it is still possible that Republicans could lose their hold on the Senate. And even if they don’t, cannabis may be an issue that Trump will not want to get bogged down within a second term. The bottom line is there is a range of outcomes that are favorable to the legalization of marijuana. Because, like gambling, cannabis may create an economic lift that cash-strapped states may find too difficult to turn down. One thing is certain. If you wait until the right time, you’ll have missed out on some eye-popping initial gains. But to get that reward in the future, you’ll need to assume some risk now. In this special presentation, we’ve identified seven cannabis stocks that you can consider when evaluating your opportunity in the cannabis sector. View the “7 Marijuana Stocks Worth Speculating On”
Matthew Paulson
MarketBeat.com | 
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