In New Jersey, Arizona, South Dakota, and Montana, voters are ready to support legalizing cannabis for all adults over the age of 21. Mississippi’s voters want to participate in the medical marijuana program as well.
Cannabis stocks surged after Senator Kamala Harris said in a vice-president’s debate that the Biden administration would decriminalize marijuana at the federal level. Curaleaf, Harvest Health & Recreation, and Aphria were among the top gainers, although Harris’ announcement appears to have encouraged the entire sector.
Wall Street analysts say the November Democratic ballot, which will bring Joe Biden into the White House and the party that controls the Senate, could be a blessing for cannabis companies.
Analysts have selected seven stocks to bet on, which will benefit investors if Democrats win, including Green Thumb Industries, Curaleaf and Canopy Growth.
US cannabis companies stated powerful profits as the coronavirus pandemic boosted sales in the second quarter. We spoke with executives from the 7 largest US cannabis companies to understand what the industry holds after a disappointing 2019 and a challenging start to 2020.