Cannabis Stocks Could Soar on 2020 US Election

I recently created a report for Cannabis Stock Trades outlining why the 2020 US presidential election is a big catalyst for the US cannabis industry. Enjoy!

2020 U.S. Election is Massive Catalyst for Cannabis Stocks

The U.S. presidential election should be a huge catalyst for the cannabis industry, with 15 states voting on legalization.
Biden-Sander’s Unity Plan would basically legalize cannabis in the U.S.
Some of the best stocks in the industry are trading more than 50% below the 52-week high.
Not all cannabis stocks will do well – investors need to know which companies are set to prosper and which ones will fail.

I see two powerful catalysts directly on the horizon for cannabis stocks and an elite group of cannabis stocks are already starting to take off. For anyone who does not already own these stocks, there is still time to get in.

Cannabis stocks exploded higher on Friday – logging one of their best days in the last year.

Curaleaf Holdings (CURLF) jumped 11%.
Green Thumb Industries (GTBIF) jumped 10%.
Cresco Labs (CRLBF) jumped 15%.
Canopy Growth Corp (CGC) jumped 9%.

Why are these cannabis stocks taking flight?

Cannabis stocks are in the early stages of responding to two powerful catalysts.

#1 – Up to 15 U.S. States Vote on Legalization in November

The cannabis industry has a massive fundamental event directly on the horizon. The 2020 U.S. election is the most important day for the cannabis industry in four years. New York, New Jersey, Arizona, Nebraska, and Louisiana take cannabis to the ballot box this fall.

The last time we saw an event like this was back in 2016. In the last presidential election, 9 states were voting to legalize and 8 of those 9 ended up passing. Those results sent the entire cannabis sector soaring for the next two years.

Take a look at the chart below. Click the link to access full story.

2020 U.S. Election is Massive Catalyst for Cannabis Stocks

Disclaimer: This report is for entertainment purposes only. Every investor should consult with an investment advisor before making investment decisions. The Vodicka Group, Inc. is not a broker/dealer. We do not receive compensation for mentioning stocks. At various times, the clients, publishers and employees of Vodicka Group, Inc., may buy or sell the securities discussed for purposes of investment or trading. Michael Vodicka owns shares of Canopy Growth Corp (CGC, WEED), Curaleaf Holdings (CURLF), Green Thumb Industries (GTBIF), and Cresco Labs (CRLBF).

ABOUT THE AUTHOR

Michael Vodicka

Michael Vodicka is the president and founder of the Vodicka Group Inc., a licensed investment advisor (Series 65) and a financial journalist.