With the U.S. elections just weeks away, we can profit from anticipation with cannabis stocks.
For us, it doesn’t matter who wins the election.
Our goal is to simply profit from the anticipatory momentum on the idea Biden could potentially win the election. However, knowing that’s not a guarantee, we would look to exit related cannabis stocks the day of election.
All we want to do is profit from anticipation of a “what if.”
All we know is this.
Democratic VP nominee Kamala Harris said cannabis would be decriminalized in the U.S. under a Biden Administration. She also noted the two would expunge the criminal records of anyone convicted of cannabis-related offenses in the past.
At the same time, we can profit knowing there’s a good deal of cannabis demand, too.
After all, according to a Pew Research Center survey, 67% of us support cannabis legalization. That’s up from 62% year over year. And, according to a Gallup survey, 66% of Americans are in favor of legalization. That’s up from just 60% in 2016.
In addition, over the next decade, spending on worldwide cannabis could reach $57 billion by 2027, according to Arcview Market Research and BDS Analytics. Analysts at Cowen note the U.S. cannabis market could rocket to $16 billion by 2025.
Wanting to profit from the wave of anticipatory momentum, here are three of the top cannabis stocks to consider. However, if you buy, be prepared to sell on Election Day.
Some of the best ways to trade the potential rally in cannabis stocks is with related ETFs, such as The Cannabis ETF (THCX) and Global X Cannabis ETF (POTX).