Pot for President
Whether you’re a Republican or a Democrat, odds are you’d like to erase the memory of the drama-filled 2016 election season from your mind…
That’s why it might be hard to remember the fact that Hillary Clinton and Donald Trump actually agreed on something back then…
What could they possibly have seen eye-to-eye on?
Pot, of Course
Both Clinton and Trump supported letting states legalize pot and not interfering at a federal level. At the time, that was a groundbreaking stance. Before the 2016 election, both parties’ candidates had opposed federal legalization.
But just a few years later, even that stance on legalizing pot is beginning to look archaic.
Pot politics are front and center in the 2020 election season, with a growing stable of Democratic candidates coming out explicitly in favor of federal legalization.
It’s Not Just the Democrats, Either…
Donald Trump isn’t an ideologue when it comes to cannabis policy. In fact, the president has recently, at least in principle, endorsed legislation that would legalize marijuana.
Recent polls show that more than two-thirds of Americans are now in favor of marijuana legalization. That’s a dramatic shift over where acceptance of pro-cannabis policies was just five or 10 years ago. And politicians are realizing that getting on the wrong side of the issue could cost them a lot come election time.
In jurisdictions where pot is legal, bringing in tax revenues and creating jobs, it becomes a tough order to explain why you’re voting against it.
And the numbers are even stronger when it comes to patient access to medical cannabis and making cannabis available for scientific research.
It’s an incredibly exciting time to be a pot investor.
And as legal cannabis takes center stage during the upcoming election cycle, we can likely expect some big profit opportunities ahead.
Case in point…
Take Your 45% Gain Today
Back in December I offered up an early Christmas gift to readers in the form of a hot pot stock. The company, Green Thumb Industries (OTC: GTBIF), looked to be one of the first that would carve out a nice slice of the billion-dollar cannabis market forming in Michigan.
More recently Green Thumb announced it had acquired ownership of Advanced Grow Labs. This puts Green Thumb in prime position to garner a significant footprint in the up-and-coming northeastern pot markets too.
Reacting to the acquisition, Beacon Securities analyst Russell Stanley “reiterated his ‘Buy’ recommendation” and put his new price target at C$44.00 (US$33.20), as reported by the Cantech Letter.
Keep in mind, this is very speculative…
As of this morning, the stock is up 45% since we first suggested it in December.
It’s well worth taking some profits off the table today if you took a swing on Green Thumb three months ago.
For Technology Profits Daily,
Chief Technology Expert, Technology Profits Daily