The 2020 U.S. presidential election is a green wave – the U.S. cannabis industry is emerging as a big winner. Five more U.S. states voted to legalize medical or recreational cannabis.
Like many other states, the Pennsylvania economy has been wounded by COVD-19. However, the governor has a solution to repair some of the damage – legalize cannabis. On Tuesday, Pennsylvania governor Tom Wolf (D) announced that legalizing recreational cannabis is a high priority on his fall legislative agenda. Here are three stocks looking to cash in.
Arizona just successfully passed a ballot initiative (Prop 207) that will have the state voting on legalizing recreational cannabis on November 7. If Prop 207 passes, annual cannabis sales in Arizona would quickly jump above $1 billion. Today, I am going to reveal two early industry leaders that are in position to benefit if Arizona goes legal.
The Midwest is emerging as one of the fastest-growing cannabis markets in the United States, with two early industry leaders cashing in on the incredible growth. This Middle America revolution is being led by Illinois and Michigan. Both of these states recently legalized cannabis and both are seeing explosive sales growth.
Earnings season is when companies reveal sales and earnings results for the previous quarter – and just as important, the company provides guidance on what investors should expect for the following quarter. Quarterly earnings that beat expectations have a documented history of helping shares outperform the broader stock market in the following weeks and months.