Cannabis On The Ballot: Everything Investors Should Know Ahead Of Election DayPosted by On

In addition to the U.S. presidential election, the cannabis legalization movement has a lot riding on the November election.

It’s been another difficult year for marijuana investors, with the ETFMG Alternative Harvest ETF (NYSE: MJ) down 39.5% in 2020. However, the election could be a major catalyst for cannabis stocks, especially multi-state operators (MSOs).

On Thursday, DataTrek Research co-founder Jessica Rabe took a look at the latest polling data in the four states that are voting on recreational cannabis legalization initiatives in November.

State-By-State Breakdown: In New Jersey, a new poll by law firm Brach Eichler found that 65% of likely voters support legalization, suggesting recreational legalization is likely.

In Arizona, a recent poll conducted by Smart and Safe Arizona found 57% of likely voters support recreational cannabis legalization, but a poll by OH Predictive Insights this week found only 46% of respondents support legalization compared to 45%…

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