Earning Cash by Investing in Legal Cannabis in Connecticut
Sitting down with my financial guy to ask about investing in marijuana stocks could be a very interesting conversation.
The fact is, according to Viridian Capitol Advisers, the Cannabis Stock Index gained 236% in 2016, and is climbing steadily in 2017. And depending on your thought process regarding legal weed, moneymorning.com says that legal cannabis is creating a chance to make some serious cash, but you have to know what you're doing.
The latest news regarding the legalization of marijuana in Connecticut comes from CBS New York reporting that CT Senator, Martin Looney, has proposed legislation to legalize weed in Connecticut. Looney told the Wall Street Journal that legal sales of marijuana could generate $50 million in revenue for the state.
Marijuana has been legalized for all uses in Colorado, Washington, Oregon, and Alaska. Massachusetts has passed the law for the use of recreational marijuana, but shops have not opened yet. This video shows what it's like when you walk into a legal marijuana dispensary:
Here are a couple of interesting predictions from Forbes.com about the marijuana industry in 2017:
- A Sports League Will Green Light Marijuana
- A Primetime Network Show With A Marijuana Theme
So what does 2017 hold for legalized weed in Connecticut? Even though Connecticut state Senator, Martin Looney has proposed legislation to legalize marijuana in the state, there's been some strong push back from the republicans and Governor Daniel Malloy, and who knows what's going to happen with the legalization process with Trump in the White House. Do you think Trump should try and obtain a medical marijuana card?