The next 24 hours could be substantial for cannabis stocks.
If Democrats win the Georgia run off, they would secure a 50-50 split for their party in the U.S. Senate. Any tied votes between the two would then be decided by Kamala Harris. Not only would the Democrats have control of the Senate and House, they’d have control of the White House on January 20, 2021.
In addition, according to analysts at Cowen, as quoted by Seeking Alpha, “A Democratic sweep makes Chuck Schumer the majority leader. That means there will be a vote on legalization.”
If that’s the case, cannabis stocks could explode higher.
Some of the top ones to consider are Canopy Growth (CGC), Aphria Inc. (APHA), Aurora Cannabis (ACB), Tilray Inc. (TLRY), HEXO Corporation (HEXO), and cannabis ETFs such as the ETFMG Alternative Harvest ETF (MJ).
