To say the least, Nov. 6 – Election Day – will be significant.
There are many important issues at stake: the economy, healthcare, national defense, immigration…
But the stakes may be highest for cannabis stock enthusiasts.
That's because voters in several states will decide on the fate of legalization ballot measures.
Polling thus far indicates that voters will say "yes" to all of these legalization measures. If the polls are accurate, that's going to mean a happy election season for the firms best positioned to take advantage of soaring sales and profits, thanks to potentially millions of new customers.
And because "When laws pass, stocks soar," it will also be a happy day for pot stock investors.
Now, I know what you might be thinking: What's having four more legalized states going to mean for this huge global industry?
After all, 30 states have already legalized medical cannabis, and nine states and Washington, D.C., also have legalized recreational cannabis.
Even former Speaker of the House John Boehner has said he suspects we won't have to wait more than five years to see the federal government legalize cannabis.
This year alone, California and Canada went fully legal.
But I'm here to tell you that there's actually a lot on the line.
A whole lot.
Here's the thing…
With nearly 300,000 registered patients and more than $600 million in annual sales, one of the four states voting next Tuesday is already the No. 2 medical marijuana market in the nation.
Only California's market is bigger.
And full legalization would likely turn it into the No. 2 market overall – with $2 billion in annual sales – overnight.
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That represents a wave of profits you can't ignore…
The Under-the-Radar State to Watch
I started out my career as an auto industry analyst. I sat face-to-face with legendary Chrysler CEO Lee Iacocca to talk about the rise of automation in his factories.
So I have a lot of fond memories of the place.
About the Author
Michael A. Robinson is a 35-year Silicon Valley veteran and one of the top technology financial analysts working today. He regularly delivers winning trade recommendations to the Members of his monthly tech investing newsletter, Nova-X Report, and small-cap tech service, Radical Technology Profits. In the past two years alone, his subscribers have seen over 100 double- and triple-digit gains from his recommendations.
As a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs and high-profile industry insiders. In fact, he was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon. And he was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
In addition to being a regular guest and panelist on CNBC and Fox Business Network, Michael is also a Pulitzer Prize-nominated writer and reporter. His first book, "Overdrawn: The Bailout of American Savings" warned people about the coming financial collapse - years before "bailout" became a household word.
You can follow Michael's tech insight and product updates for free with his Strategic Tech Investor newsletter.