This State’s Legalization of Medical Marijuana a Great Sign for Pot StocksPosted by On


Alabama to Legalize Medical Marijuana

There’s been no shortage of good news for U.S. pot stocks lately. Sure, the share prices have been a little bit unpredictable, but overall, most major trends have been positive for U.S. marijuana stocks.

Another big win for the industry was the recent news about Alabama’s medical marijuana legalization. (Source: “Alabama GOP Governor Signs Medical Marijuana Bill Into Law,” CNN, May 17, 2021.)

But why is Alabama’s legalization of medical marijuana that important?

Well, it’s not—at least not as a single event. Alabama isn’t that populous or rich a state, so its material impact will be rather minimal in the grand scheme of things.

But what the Alabama legalization signals is worth far more for long-term marijuana investors.

The first important thing to note: Alabama is a deeply conservative state. Arguably the heart of the deep south, alongside Mississippi and Louisiana, Alabama is typically seen as one of the most anti-marijuana states, at least in the conventional way of looking at the issue.

But that dynamic has been changing. For decades, cannabis was seen as a left-right issue in American politics. Which is to say that some Democrats supported marijuana legalization in the U.S. while most (if not all) Republicans were against it.

Over the past few decades, however, we’ve seen a seismic shift in the way we talk about cannabis in the U.S.

Most Democrats (or at least, most…

Original Author Link click here to read complete story..

Alabama to Legalize Medical Marijuana

There’s been no shortage of good news for U.S. pot stocks lately. Sure, the share prices have been a little bit unpredictable, but overall, most major trends have been positive for U.S. marijuana stocks.

Another big win for the industry was the recent news about Alabama’s medical marijuana legalization. (Source: “Alabama GOP Governor Signs Medical Marijuana Bill Into Law,” CNN, May 17, 2021.)

But why is Alabama’s legalization of medical marijuana that important?

Well, it’s not—at least not as a single event. Alabama isn’t that populous or rich a state, so its material impact will be rather minimal in the grand scheme of things.

But what the Alabama legalization signals is worth far more for long-term marijuana investors.

The first important thing to note: Alabama is a deeply conservative state. Arguably the heart of the deep south, alongside Mississippi and Louisiana, Alabama is typically seen as one of the most anti-marijuana states, at least in the conventional way of looking at the issue.

But that dynamic has been changing. For decades, cannabis was seen as a left-right issue in American politics. Which is to say that some Democrats supported marijuana legalization in the U.S. while most (if not all) Republicans were against it.

Over the past few decades, however, we’ve seen a seismic shift in the way we talk about cannabis in the U.S.

Most Democrats (or at least, most…



Source link

News

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.