More States Vote for Marijuana Legalization: Anticipate Pot Stock ProfitsPosted by On

marijuana legalizationU.S. Marijuana Legalization Gains Steam

Election day is behind us and a lot remains uncertain—except for one thing: marijuana stocks have won big.

Federal U.S. marijuana legalization has long been a forgone conclusion, but with five more states legalizing pot in some form, we can expect to see one of the biggest surges in marijuana stock values yet. The big news is that four of those five states voted to legalize recreational pot (instead of just medical marijuana).

That leaves us with 15 states where marijuana is legal for recreational use. That means more than 100 million Americans can now partake in recreational cannabis consumption without fear of legal repercussions.

Mississippi voted to permit medical marijuana alone, while South Dakota voted to permit both medical and recreational marijuana in one go. That represents a first in the nation, and a possible road map for other states to follow. (Source: “Cannabis Legalization Measures Set to Pass in 5…

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