I've said it before – and I'll say it again: When laws pass, stocks soar.
It's our "motto" around here.
When states and nations legalize marijuana, pot stocks soar. It makes perfect sense.
But there's an important addendum to make here, and it's one I'd add for any industry I can think of: If the taxes are too high, the profit potential can get bogged down.
Let me explain…
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.