One pot stock is already set up for success in two states that are likely to legalize marijuana in 2020. In fact, legalization in these states is a 221% catalyst for this stock.
Arizona and Florida are both set to legalize marijuana for recreational purposes in 2020. This is a huge game-changer for our top cannabis stock.
Both states are more than likely to have ballot measures for their citizens to vote on the matter in November. And both states have a majority of citizens calling for recreational marijuana legalization.
Here’s why Arizona and Florida are going to legalize cannabis in 2020 – and why that’s huge for one stock…
Arizona Could Be the Next Legal Cannabis State
In an Arizona poll, 52% said they would favor legalization of marijuana for adult use.
Some groups are resisting the ballot measure. But the state also has a booming marijuana industry waiting in the wings.
A number of Arizona growers and manufacturers, who have been allowed to operate since a 2010 initiative, are looking forward to the full legalization of recreational cannabis. This is in part due to the growing popularity of marijuana in the southwest and the rise of valuable “cannabis tourism” in the region.
California has been seen at the forefront of the legalization wave, but Nevada is also a growing marijuana industry, with legal marijuana sales of $103 million in 2017. In 2025, that figure is supposed to grow 690% to $814 million.
If Arizona manages to legalize recreational weed in 2020, it will join neighboring states California, Nevada, and Colorado, as well as Washington and Oregon, as a regional destination for cannabis connoisseurs.
The cannabis industry in Arizona is hopeful the ballot measure will go