Pot stocks surge as midterms show growing optimism to legalize in U.S. – RICH TV LIVE – November 7, 2018 – INVESTING
Hey guys this is rich from rich tv live and we’ve got some big breaking news pot stock surged as midterms show growing optimism to legalize in the united states shares of cannabis socks surged in early trading wednesday after three us states voted to loosen the use of recreational and medical marijuana amid growing optimism the country will soon pass measures to
Federally legalize pot this is huge news with most polls reporting following tuesday’s us midterm elections michigan residents voted in favor of legalizing recreational cannabis for anyone 21 years old or older in the state while voters in missouri and utah both approved ballot measures to allow the sale of medical marijuana a ballot measure to legalize recreational
Use of cannabis in north dakota failed so unfortunately north dakota did fail michigan would be the first us midwestern state and the second largest behind california wow the second largest in america to allow its residents to purchase and consume recreational cannabis legally the state’s cannabis market is estimated to be this is an enormous number 1.3 billion
By 2022 according to our key research the election results boosted us and canadian pot stocks would tilray tl ry jumping six point three percent in early wednesday trading while aurora cannabis inc a cbo was up two point four seven percent and canobie growth 0.66% advanced by two point one percent us pot producers med men enterprises cure leaf and i am as capital
Holdings i n all rose 5.3 percent one point three percent and one point six percent respectively with the democrats winning a majority in the house of representatives as well as several key governor races in some us states connecticut illinois new york and rhode island are all on track to legalize cannabis in the future as well as efforts to move federally on
The issue according to viviane ezzor cannabis analyst at cowen and company while we do not see a path forward in the senate the house is a different story the gop roadblocks to legislation are gone as i wrote in a report published on wednesday the house democratic leader understands that these bills are dead on arrival in the senate yet they will pass them to
Send a message to cannabis advocates the democrat win in the house also increased the likelihood of the farm bill or the state’s act passing which would permit canadian pop producers to enter the us market according to capital markets that is huge reaction from us pot company executives was mostly positive for a market that could be worth as much as 75 billion
With a be by 2030 according to an estimate from cowen and company utah is one of the reddest states in the country and senator orrin hatch is one of the most conservative guys out there to pass this the initiative and create a legal medic medical marijuana program in utah it’s a tea as jarring as seeing mother teresa show up at a cocina wow this is huge news said
Haley ford chief executive officer at a anthes capitol in an email to be an m bloomberg it’s clear an overwhelming majority of americans across both parties accept cannabis as a medical product and we should expect to see some sort of program in every state now that utah has come online coran malik chief executive officer of biome grow inca canadian cannabis
Producer said that the u.s. midterm results could see president donald trump pivot to pro cannabis agenda to win support from younger voting blocs that would typically only cast their ballots in presidential elections this is something that your boy predicted a long time ago using the cannabis as a form to win the vote the president doesn’t have an ideology beyond
Self-preservation and getting reelected and if the math makes sense he may drop some strong ends on the campaign trail that the legalization of recreational cannabis at the federal level will happen if he wins in 2020 malik said in an email to bnn bloomberg it will be based on the economic stimulus platform particularly in the most economic depressed regions where
He is the strongest what do you think about this news please smash the like button comment down below share the video everywhere this muses trending this news is being circulated remember rich tv live is strictly for education entertainment purposes do your due diligence do your research before you invest in anything that we talk about here on rich tv life now
What is happening in the cannabis stocks right now you can see we are having a lot of green ok and a lot of it is due to the fact that they are legalizing in these new states in america specifically michigan and you can see look at all the green green across the board if you’re not winning you’re not watching it’s true this is your boy rich and i’m oh peace
Transcribed from video
Pot stocks surge as midterms show growing optimism to legalize in U.S. By RICH TV LIVE