It’s safe to say that 2020 hasn’t been easy for marijuana stocks. To be fair, 2020 hasn’t been easy for, well, everything and everyone, but marijuana stocks have been particularly hurt during this COVID-19-stricken year. But some of that malaise is now being at least being partly alleviated, as we’ve seen the first major gain in U.S. marijuana legalization in months now: Vermont marijuana legalization.
While Vermont is a small state with a small marijuana market (not to mention that the first pot store won’t likely be open until at least 2022), there are a couple of important takeaways from this event.
The first is that it’s another brick laid in the foundation of the U.S. marijuana market, building towards an inevitable legalization push in the coming future.
Remember that, despite political opposition, the majority of Americans support marijuana legalization. This is at least partially reflected in the…