4 Factors that Could Light Up Marijuana ETF After Midterm ElectionsPosted by On



The ETFMG Alternative Harvest ETF (NYSEArca: MJ) has been steadily rising ahead of the 2018 Midterm Elections and with voters heading to the polls today, MJ could light up as part of a post-election rally. 

In fact, some analysts are viewing today’s election as the final Jenga piece for marijuana legislation that could topple states into conformity, particularly those that haven’t yet adopted cannabis laws in some form or fashion. 

“We believe his year’s midterms will reinforce the notion that cannabis in the U.S. has (passed) the tipping point on its way to eventual full legal status,” said Canaccord analyst Bobby Burleson in a research note. 

A rally from MJ following the elections could come from a confluence of events that will benefit investors in the near-term and…



Original Author Link click here to read complete story..

News

ElectionsETFFactorslightmarijuanamidterm

Leave a Reply