Sometimes this job feels more like political analysis than stock market prognosticating. The reason? Marijuana stocks are intrinsically tied to politics. After all, until prohibitions against cannabis are lifted the world over, pot stocks won’t reach their full potential.
Which brings us to a tantalizing new prospect.
I’ve been writing about marijuana stocks for years now, and I’ve cooked up a number of ways federal U.S. marijuana legalization could get it done. From Congressional maneuvers, to presidential executive orders, to ballot initiatives, to Supreme Court interdictions, it’s safe to say that I’ve thought a lot about how U.S. pot legalization could happen—and happen fast.
After all, many of the pot stocks I routinely write about would skyrocket in value in the event of marijuana legalization in the U.S.
Which brings me to what I want to focus on now: the flagging Democratic Party approval ratings.
Stay with me here: I promise the topic is connected to marijuana…