Marijuana stocks, which exploded on midterm election results, got another big boost on news Jeff Sessions was forced out as attorney general.
According to the Associated Press, U.S. Attorney General Jeff Sessions submitted a letter of resignation to President Donald Trump. “I have been honored to serve as Attorney General and have worked to implement the law enforcement agenda based on the rule of law that formed a central part of your campaign for the Presidency,” he wrote.
You may remember Sessions was a major foe for the industry, moving to end a policy that allowed states to make their own decisions on marijuana.
“You’re happy if you’re long the cannabis stocks. He was the biggest roadblock to broadening that out to a national conversation,” said Art Hogan, B. Riley FBR chief market strategist, as quoted by CNBC.
With Sessions now out, and 65% of Americans believe it should be legal, it’s only a matter of time before we see an incredible boom.
Former Speaker of the House, John Boehner - once the cannabis industry's most staunch opponenet - just revealed AN UNCENSORED PREDICTION about America's most controversial, misunderstood, and what's quickly becoming our most lucrative industry. If you missed seeing this historic announcement live, GO HERE FOR A SPECIAL REBROADCAST.
No wonder major marijuana stocks are exploding:
Major Catalyst: More U.S. States Voted for Marijuana Legalization
Michigan voters voted to approve marijuana legalization.
Adults over 21 will now be able to possess, grow, and use small amounts of pot legally. All will take effect 10 days after the vote has been certified. In fact, many believe it’ll be legal in the state beginning in December 2018.
“The victory in Michigan highlights just how widespread support is for marijuana policy reform,” Steve Hawkins, executive director of the Marijuana Policy Project, said as quoted by Forbes. “This issue does not only enjoy strong support on the coasts, but also in the Midwest and all throughout the country. Marijuana has now been legalized for adult use in one out of every five states and medical use in three out of every five…”
Utah approved medicinal marijuana, too.
Utah’s Proposition 2 will allow patients to obtain medical marijuana cards for qualifying conditions, such as HIV/AIDS, cancer, chronic pain and multiple sclerosis.
Voters also approved medical marijuana in Missouri.
Amendment 2 will impose a 4% tax on sales of medical marijuana. From this, funds will also go to the state’s veterans commission.
There are now 33 U.S. states that have legalized marijuana in some way. Recreational marijuana is now legal in 10, including Washington, D.C. That’s only expected to grow, near-term.
Bonus Video Report: Former Speaker of the House John Boehner: “It’s time to go all in on weed”
If you missed seeing this historic announcement live, GO HERE FOR A SPECIAL REBROADCAST.