Cannabis stocks rally as recreational marijuana's on the ballot in four states
Cannabis stocks rally as recreational marijuana's on the ballot in four states
Aurora Cannabis, Tilray, Canopy trades were up 142 percent. Kate Rogers joins ‘Closing Bell’ to talk about the rally in cannabis stocks and ride-hailing companies in today’s retail trades. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Voters in four states on Tuesday greenlighted measures to legalize and tax recreational marijuana for adults.
Arizona, Montana, New Jersey and South Dakota have joined the 11 states that have already legalized recreational pot.
Those other states are Alaska, California, Colorado, Illinois, Maine, Massachusetts, Michigan, Nevada, Oregon, Vermont and Washington state.
Meanwhile, Washington, D.C., permits adults age 21 and over to possess up to 2 ounces of marijuana and allows for the transfer of up to an ounce to another adult — but you can still be arrested for selling it.
Voters also approved measures for medicinal marijuana in Mississippi and South Dakota.
“New Jersey legalized it, but so did deep-red South Dakota and Montana,” said Steve Hawkins, executive director of the Marijuana Policy Project. “It shows that regardless of political ideology or party differences, American support cannabis legalization.”
It also helps that levying legal pot could help states strengthen their coffers amid the current economic downturn. It comes down to their approach to the tax, policy experts said.
Fine-tuning taxes
How much of a boost states will get from pot sales will depend on how they structure the tax and each state’s approach toward licensing and regulation.
Often jurisdictions will tack an excise tax on sales of weed, along with a state general sales tax.
“If you set the rates too high, everyone goes to the black market,” said Ed Zollars, CPA and partner at Thomas Zollars & Lynch in Phoenix and an instructor at Kaplan Financial Education.
Similarly, a tax that’s based on the price of marijuana products — versus a tax that’s based on consumption or weight — might result in volatile revenues, especially as pot becomes more widely available and prices decline, said Ulrik Boesen, senior policy analyst at the Tax Foundation.
“This is why we always say with excise taxes, if you tax by quantity, you’re likely to have more stable revenue,” he said. “Even if price developments are unpredictable, we can predict how many people are buying in terms of weight.”
See below for a list of the recreational pot initiatives that voters pushed forward yesterday.
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Planet13
Let it grow 😊
The ones who have live years with out this cannabis crap are being forced to use just by the smell of the plants growing next door I’m all for cannabis business but need to be in a location controlled
??? ACB is down 10% today. What are you guys smoking?
Proverbs 4:20
"My son, pay attention to what I say; turn your ear to my words."
Jackie fore president
Hi 😎
Why hasn’t the federal government passed medical marijuana federally? Is that why some think a civil war is coming?
I am the stock grower I’m so happy
Kate is Awesome ! ❤
Psalm 118:6- The Lord is for me; I will not fear; What can man do to me?
Proverbs 29:25- The fear of man brings a snare, But he who trusts in the Lord will be exalted.
Psalm 27:1- The Lord is my light and my salvation; Whom shall I fear? . . .
Psalm 23:4- Even though I walk through the valley of the shadow of death, I fear no evil, for You are with me; Your rod and Your staff, they comfort me.
John 14:27- . . . Do not let your heart be troubled, nor let it be fearful.
Romans 8:15- For you have not received a spirit of slavery leading to fear again, . . .
1 John 4:18- There is no fear in love; but perfect love casts out fear, because fear involves punishment, and the one who fears is not perfected in love.
Isaiah 41:10- ‘Do not fear, for I am with you; . . . for I am your God. . . . surely I will help you, . . . ’
God is working out your prayers along with your future affairs
https://youtu.be/rYMR-VX2An0
Your fears will disappear with God’s perfect love
https://youtu.be/u-BD4vXdbUs
Wait with faith on the Spirit of God
https://youtu.be/3S7dXdFxkvI
Put your trust only within the Spirit of God
https://youtu.be/_PvTBcWhqoA
Do you have the Spirit of God’s peace within your soul?
https://youtu.be/mUu-KBj03Gk
God will respond to your prayers at His appointed time
https://youtu.be/q56ioE7NMKA
You must activate your faith and learn how to wait
https://youtu.be/cnVAFWQuj9M
There’s a lot of money and jobs that should come from this. It’s about time.
This is wrong on so many levels in every one of these states you have to be a millionaire in order to open up a store and sell. They’ve legalize drugs to sell to your children but only a picked handful of people will be able to profit off of it. 🤔🤔🤔
Legalized it in Germany 🤑🤑🤑🤑
What about cocaine, heroin, and crack, come on man, it’s all good, right?
If bud is doing so well they should raise that minimum wage up
This is good quality financial journalism. Thank you, Kate Rooney!
American ingenuity.
SNDL 0.14 to 0.54 volume was insane on Friday to the 🚀🌕
Omg INVEST!!
You gotta be high to watch this NY Media. There’s too many imaginary genders, if you’re not high.
Jesus Christ saves from sin.
Romans 3: 23
For all have sinned, and come short of the glory of God;
Hebrews 9: 27
And as it is appointed unto men once to die, but after this the judgment:
Isaiah 64: 6
But we are all as an unclean thing, and all our righteousnesses are as filthy rags; and we all do fade as a leaf; and our iniquities, like the wind, have taken us away.
Revelation 21: 8
But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers, and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death.
Romans 5: 8
But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us.
John 3: 16
For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.
John 14: 6
Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.
Romans 10: 9-10.
That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.
For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.
Jesus said John 5: 24
Verily, verily, I say unto you, He that heareth my word, and believeth on him that sent me, hath everlasting life, and shall not come into condemnation; but is passed from death unto life.
1John 5: 10-13
He that believeth on the Son of God hath the witness in himself: he that believeth not God hath made him a liar; because he believeth not the record that God gave of his Son.
And this is the record, that God hath given to us eternal life, and this life is in his Son.
He that hath the Son hath life; and he that hath not the Son of God hath not life.
These things have I written unto you that believe on the name of the Son of God; that ye may know that ye have eternal life, and that ye may believe on the name of the Son of God.
Ephesians 2: 8-9
For by grace are ye saved through faith; and that not of yourselves: it is the gift of God:
Not of works, lest any man should boast.
Romans 8: 1
There is therefore now no condemnation to them which are in Christ Jesus, who walk not after the flesh, but after the Spirit.
1 Corinthians 15: 3-4
For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures;
And that he was buried, and that he rose again the third day according to the scriptures:
2 Corinthians 5: 21
For he hath made him to be sin for us, who knew no sin; that we might be made the righteousness of God in him.
…………………………………………………………………………………………………………………………………………
I’m ripped rite now high as a giraffe’s ass matter fact
The federal government needs to enforce the marijuana ban
Good
Great video. 2700%!?! Can anyone on the planet tell me why symbol FWDG- Future world (cannabis penny stock) is up 2700% (!!!!) in the last couple weeks?????? I can’t make heads or tails out of its climb and i am FreAkiNg out!!!!
Go green & GO BIG
M A S A
MAKE AMERICA STUPID AGAIN.
ITS A DEMOCRATIC THING.
Our media has been weponize.they have a agenda .you people better wake up soon.if not for yourself do it for your kids.biden is a crook.he has sold us out.last warning
Here I sit in TENNESSEE still having to be a criminal just to get a joint
Lmao too bad they don’t tell ya none of them even turn a profit
Investing in drugs for America. We know you want to destroy America.
Maybe we need to DESTROY YOU!
Hexo is the best Cannabis stock
Best pot stock right now https://youtu.be/9onhQzzU9og
Cannabis stocks? It’s a plant that anyone could grow in their back yard.
recreational across the board is this country’s last ditch hope to save its failing ass democratic states. notice how all those states… are lead by dems. cause they have ran it so into the ground that this is their only hope. so sad really