Cannabis stocks, like Aurora Cannabis (ACB) could do well heading into midterm elections.
For one, voters will soon decide on recreational cannabis use in Arkansas, Maryland, Missouri, North Dakota, and South Dakota.
Two, according to Gallup, “More than twice as many Americans think that marijuana has a positive impact on its consumers and society at large than say the same about alcohol, according to a new Gallup poll,” reported Marijuana Moment. “And perhaps more revealing, people who have actually used cannabis are far more likely to tout its positive impacts compared to just a small fraction of alcohol drinkers who feel the same way about their drug of choice.”
Three, according to PI Financial analyst Jason Zandberg, as quoted by Cantech Letter:
“While [the Biden announcement] is not a silver bullet for the cannabis industry, it is a big step in the right direction. We will likely see more rallies in the cannabis markets as more announcements are made regarding this rescheduling process. The cannabis market as a whole is extremely undervalued and, in our opinion, these events are unlocking some trapped value.”