Marijuana Mania Grips the Nation As Voters Overwhelmingly … – Madison.com
American voters delivered a decisive win for marijuana advocates on Nov. 8. Pro-pot propositions passed in eight of nine states last Tuesday, with four states, including California, voting to create recreational marijuana markets, and another four states passing medical marijuana laws. The approvals set the stage for accelerating growth in what’s already a fast-moving market, leaving us to ask: Should investors rush in to buy marijuana stocks?
In this clip from The Motley Fool’s Industry Focus: Healthcare podcast, analyst Michael Douglass is joined by contributor Todd Campbell to discuss the impact of this year’s marijuana legalization efforts and whether there are marijuana stocks to buy.
A full transcript follows the video.
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This podcast was recorded on Nov. 9, 2016.
Michael Douglass: Let’s also turn to marijuana initiatives. There were a number of them that passed, and a few that failed, as well. Florida had a medical marijuana…
Todd Campbell: Yeah. Nine states in total had marijuana on the ballot. Not all of them were recreational. To give a little refresher: There are four states right now that have passed recreational marijuana legislation. There are about 25 states that have passed medical marijuana legislation. On yesterday’s ballots, you had California, Nevada, Maine, Massachusetts, and Arizona that had recreational on the ballot. Then, you had a host of other states —