While investors seem to be heavily focused on what’s going on in the election season this year, don’t get twisted in the main ballot. In fact, there’s something in smaller ballots in states around the US that’s causing quite a bit of opportunity on the taboo side of the market.
This is causing stocks like Terra Tech Corp (OTCMKTS:TRTC), Cannabix Technologies Inc (OTCMKTS:BLOZF), American Cannabis Company Inc (OTCMKTS:AMMJ), Abattis Bioceuticals Corp (OTCMKTS:ATTBF), and General Cannabis Corp (OTCMKTS:CANN) to all gain more than 10% in today’s session. Below, we’ll talk about what’s going on.
Marijuana Is Flying High!
Whether or not they’re smoking the pot, investors are getting high off of it today! OK, I’m done with the puns. The truth is that there are several states in the United States that have the legalization of marijuana in one form or another on the ballot. Of course, if marijuana is legalized in more states, these pot stocks have more of a canvas to attack when it comes to building revenue. Ultimately, this could be a massive opportunity. A few of the states that have marijuana legalization on the ballot include Arizona, California, Florida, Maine, Massachusetts, and Nevada. It’s not expected that either Presidential candidate will have much of a focus on legalizing marijuana, so there are not really any catalysts on that front based on who wins tomorrow’s election.
What We’re Seeing From Pot Stocks Today
As mentioned above, pot stocks across the board are having a great day as investors focus on legalization. The stocks mentioned above ended Monday’s trading session as follows:
– Terra Tech Corp (OTCMKTS:TRTC) – $0.50 per share, up $0.05 per share or 11.45%.
– Cannabix Technologies Inc (OTCMKTS:BLOZF) – $0.47 per share, up $0.06 or 14.64%.
– American Cannabis Company Inc (OTCMKTS:AMMJ) – $1.83 per share, up $0.32 per share or 21.04%.
– Abattis Bioceuticals Corp (OTCMKTS:ATTBF) – $0.14 per share, up $0.03 per share or 24.11%.
– General Cannabis Corp (OTCMKTS:CANN) – $4.69 per share, up $1.36 per share or 40.84%.
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Note: This article was written by Joshua Rodriguez, owner and founder of CNA Finance. If you would like to connect with Joshua, you can do so by emailing him at CNAFinanceHelp@gmail.com!