The Blunt Truth About Marijuana Under Biden
This has been a big month for marijuana stocks. It began on election night, with the U.S. producing a green sweep. Five states had cannabis initiatives or amendments on their ballots for vote, and every single weed measure passed. Since California paved the way in 1996 as the first state to legalize medical marijuana, we've now witnessed 35 additional states follow suit. Of these 36 legalized medical weed states, 15 also allow recreational consumption and/or sale.
Although it took a couple of extra days, we also witnessed Democratic Party challenger Joe Biden win the presidential race. This is noteworthy considering that Democrats have a much more favorable view of cannabis than Republicans -- and it has the investment community excited.
President-Elect Joe Biden listening to former President Barack Obama. Image source: Official White House Photo by Pete Souza.
Source Fool.com
