This story was originally published here.
Election Day 2020 was a lot of things, particularly at the national level, but on a state-by-state basis, Tuesday, Nov. 3 will go down as a great day for vices and sin equities, including psychedelic stocks.
Voters in several states signed off on cannabis-related measures. Proving that it’s an increasingly bipartisan issue, deep red South Dakota approved medicinal and recreational marijuana in a single day, Mississippi voted gave the green light to medicinal cannabis while purple Arizona gave the go ahead for recreational cannabis.
Onto gambling, voters in six states OK’d related initiatives. On Election Day, sports betting went undefeated – gain approval in Louisiana, Maryland and South Dakota while Virginia became the 26th state to allow commercial casinos. Bet limits on table games at Colorado casinos are being scrapped and voters there also signed off on new games while the stage is set in Nebraska for casinos at racetracks.
That’s all impressive, but when it comes to sin votes, Oregon may just take the cake. The Pacific Northwest state became the first in the country to decriminalize possession of small amounts of drugs. All drugs. Even cocaine and heroin. And there was enthusiasm for the move as nearly 56% of voters were in favor of Measure 110.
Oregon’s progressive views on drug possession could pave the way for significant upside with psychedelic stocks, Here are a few to consider…
Story continues here.
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