New York Marijuana Legalization a Good Sign for GrowthPosted by On


pot stock investorAn Important Reminder for Pot Stock Investors

At the end of March, we saw another massive jurisdiction legalize recreational marijuana: New York State. Pot stocks saw a small but noticeable uptick following the legalization. But the surge hasn’t been, naturally, as large as it would be if we were to see federal U.S. marijuana legalization.

But I’m not interested in what this event tells us about the day-to-day movement of marijuana stocks. I’m more interested in the valuable lesson that all pot stock investors can take from it.

Just recently, I wrote that, for all the variables in the marijuana industry, the one constant is its predictable growth path.

Between the Canadian marijuana market growing and more countries (like Mexico) and U.S. states (like New York) legalizing cannabis, it’s a virtual certainty that the market is going to get larger.

Chart courtesy of StockCharts.com 

In New York State alone, the legal marijuana industry could be worth roughly $4.2 billion. (Source: “New York Has Legalized Marijuana. Here’s What to Know.The New York Times, April 1, 2021.)

And that’s just to start. We can anticipate yearly growth as access increases, brick-and-mortar locations open up, the black market shrinks, and production costs drop (pretty much a repeat of what we’ve seen in the Canadian marijuana market up to this point).

While it will take some time before we see the full potential of the New York legal pot market (anywhere from a few…

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pot stock investorAn Important Reminder for Pot Stock Investors

At the end of March, we saw another massive jurisdiction legalize recreational marijuana: New York State. Pot stocks saw a small but noticeable uptick following the legalization. But the surge hasn’t been, naturally, as large as it would be if we were to see federal U.S. marijuana legalization.

But I’m not interested in what this event tells us about the day-to-day movement of marijuana stocks. I’m more interested in the valuable lesson that all pot stock investors can take from it.

Just recently, I wrote that, for all the variables in the marijuana industry, the one constant is its predictable growth path.

Between the Canadian marijuana market growing and more countries (like Mexico) and U.S. states (like New York) legalizing cannabis, it’s a virtual certainty that the market is going to get larger.

Chart courtesy of StockCharts.com 

In New York State alone, the legal marijuana industry could be worth roughly $4.2 billion. (Source: “New York Has Legalized Marijuana. Here’s What to Know.The New York Times, April 1, 2021.)

And that’s just to start. We can anticipate yearly growth as access increases, brick-and-mortar locations open up, the black market shrinks, and production costs drop (pretty much a repeat of what we’ve seen in the Canadian marijuana market up to this point).

While it will take some time before we see the full potential of the New York legal pot market (anywhere from a few…



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