NEW YORK, November 15, 2016 /PRNewswire/ --
TradersNewsSource.com -Cannabis-related stocks went on a tear during the month of October, with speculators betting up the price in advance of expected passage of state recreational legalization efforts. Traders News Source looked at the election results and examined whether five companies- General Cannabis Corp. (OTCQB: CANN); America Cannabis Company Inc. (OTCQB: AMMJ); Cannabis Sativa Inc. (OTCQB: CBDS); CannaGrow Holdings Inc. (OTCBB: CGRW) and CannaGrow Holdings Inc. (OTCQB: CGRW); could be poised for future growth and how the next administration may play a role.
Read About the Possibilities for this portfolio of six MMJ Stocks Under Trump - Full Report
While three of the four state recreational legalization ballot initiatives passed, American voters elected Republican Donald Trump for president, putting the continued federal hands-off approach to legalization in question.
Trump has publicly proclaimed that recreational and medical marijuana usage should be addressed at the state level, he has not put forth an official position regarding Federal oversight and enforcement in pot-legal states. If Trump maintains the status quo, then the legal marijuana market is expected to top $20 billion per year by 2020, a significant gain from the estimated $5.6 billion in 2015, and significant profits for many cannabis companies.
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