Potential for Marijuana Stock Gains Around the Globe
There’s a simple fact that I mention pretty regularly in Profit Confidential: marijuana stocks will not reach their true potential without federal U.S. marijuana legalization.
The largest economy on Earth has millions of willing consumers chomping at the bit to enjoy marijuana that isn’t prohibited by their federal government.
But here’s the thing, we’re not likely to see federal marijuana legalization in the U.S. in the next few years. There’s definitely a case to be made that pot is still several years (or even a decade) away from becoming legal across the U.S.
Which isn’t to say the situation can’t change—and fast.
I’ve written extensively about all the ways that marijuana could become legal—or at least decriminalized—in the U.S. (the latter of which would be functionally the same as legalization). This, in turn, would likely lead to massive gains from pot stocks across the board.
And of course, we could see U.S. marijuana stocks get listed on major U.S. exchanges, likely topping Canadian pot stocks in terms of market cap.
Better yet, we’ll probably see Canadian marijuana stocks begin making inroads in the U.S. market, which would send their share prices soaring. So, investors who have gone long on many of the top pot stocks I’ve written about for years would be more than pleased.
But again, this is all speculation. While legalization is…
Original Author Link click here to read complete story..
Potential for Marijuana Stock Gains Around the Globe
There’s a simple fact that I mention pretty regularly in Profit Confidential: marijuana stocks will not reach their true potential without federal U.S. marijuana legalization.
The largest economy on Earth has millions of willing consumers chomping at the bit to enjoy marijuana that isn’t prohibited by their federal government.
But here’s the thing, we’re not likely to see federal marijuana legalization in the U.S. in the next few years. There’s definitely a case to be made that pot is still several years (or even a decade) away from becoming legal across the U.S.
Which isn’t to say the situation can’t change—and fast.
I’ve written extensively about all the ways that marijuana could become legal—or at least decriminalized—in the U.S. (the latter of which would be functionally the same as legalization). This, in turn, would likely lead to massive gains from pot stocks across the board.
And of course, we could see U.S. marijuana stocks get listed on major U.S. exchanges, likely topping Canadian pot stocks in terms of market cap.
Better yet, we’ll probably see Canadian marijuana stocks begin making inroads in the U.S. market, which would send their share prices soaring. So, investors who have gone long on many of the top pot stocks I’ve written about for years would be more than pleased.
But again, this is all speculation. While legalization is…
